Regulation – NBC Institute

FR – Nov 2020 – L2 – Q2a – Regulatory Framework for Financial Reporting

Explanation of reasons why financial reporting should be regulated in Nigeria.

Question

Non-accounting professionals usually wonder why an entity’s general-purpose financial reporting should be regulated without allowing users to be free to choose their presentations.

Required:
Explain FOUR reasons why financial reporting should be regulated in Nigeria. (4 Marks)

Answer

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Tags: Accounting Standards, Financial Reporting, Nigeria, Regulation
Level: Level 2

Topic: Regulatory Framework for Financial Reporting
Series: NOV 2020

BL – Nov 2013 – L1 – SA – Q17 – Law Relating to Banking

Question about the body responsible for regulating monetary policy in Nigeria.

Question

The body that regulates the monetary policy in Nigeria is the ………………………….

Answer

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Tags: Banking Law, Monetary Policy, Nigerian Economy, Regulation
Level: Level 1

Topic: Law Relating to Banking
Series: NOV 2013

BMF – Nov 2022 – L1 – SA – Q1 – The Role of Professional Accountants in Business and Society

This question tests knowledge of the features of a professional.

Question

Which of the following is NOT a feature of a professional?
A. A profession can be described as an occupation for which the individual has to acquire special knowledge and skill.
B. Professionals are usually paid a prescribed fee to render their services.
C. Most professionals are regulated by a professional body.
D. Professionals are not to opt for a paid job.
E. Professionals typically acquire specialized knowledge from higher institutions and specialized institutes.

Answer

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Tags: Occupation, Professional Body, Professionalism, Regulation, Specialized knowledge
Level: Level 1

Topic: The Role of Professional Accountants in Business and Society
Series: NOV 2022

BMF – May 2023 – L1 – SB – Q4a – The Role of Professional Accountants in Business and Society

Explain the two main powers of a professional accounting organization.

Question

Briefly explain TWO powers of a professional accounting organization.

Answer

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Tags: Powers, Professional Accounting, Professional Standards, Regulation
Level: Level 1

Topic: The Role of Professional Accountants in Business and Society
Series: MAY 2023

FR – Nov 2020 – L2 – Q2a – Regulatory Framework for Financial Reporting

Explanation of reasons why financial reporting should be regulated in Nigeria.

Question

Non-accounting professionals usually wonder why an entity’s general-purpose financial reporting should be regulated without allowing users to be free to choose their presentations.

Required:
Explain FOUR reasons why financial reporting should be regulated in Nigeria. (4 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounting Standards, Financial Reporting, Nigeria, Regulation
Level: Level 2

Topic: Regulatory Framework for Financial Reporting
Series: NOV 2020

BL – Nov 2013 – L1 – SA – Q17 – Law Relating to Banking

Question about the body responsible for regulating monetary policy in Nigeria.

Question

The body that regulates the monetary policy in Nigeria is the ………………………….

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banking Law, Monetary Policy, Nigerian Economy, Regulation
Level: Level 1

Topic: Law Relating to Banking
Series: NOV 2013

BMF – Nov 2022 – L1 – SA – Q1 – The Role of Professional Accountants in Business and Society

This question tests knowledge of the features of a professional.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Occupation, Professional Body, Professionalism, Regulation, Specialized knowledge
Level: Level 1

Topic: The Role of Professional Accountants in Business and Society
Series: NOV 2022

BMF – May 2023 – L1 – SB – Q4a – The Role of Professional Accountants in Business and Society

Explain the two main powers of a professional accounting organization.

Question

Briefly explain TWO powers of a professional accounting organization.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Powers, Professional Accounting, Professional Standards, Regulation
Level: Level 1

Topic: The Role of Professional Accountants in Business and Society
Series: MAY 2023

Question Tag: Regulation

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FR – Nov 2020 – L2 – Q2a – Regulatory Framework for Financial Reporting

Explanation of reasons why financial reporting should be regulated in Nigeria.

BL – Nov 2013 – L1 – SA – Q17 – Law Relating to Banking

Question about the body responsible for regulating monetary policy in Nigeria.

BMF – Nov 2022 – L1 – SA – Q1 – The Role of Professional Accountants in Business and Society

This question tests knowledge of the features of a professional.

BMF – May 2023 – L1 – SB – Q4a – The Role of Professional Accountants in Business and Society

Explain the two main powers of a professional accounting organization.

FR – Nov 2020 – L2 – Q2a – Regulatory Framework for Financial Reporting

Explanation of reasons why financial reporting should be regulated in Nigeria.

BL – Nov 2013 – L1 – SA – Q17 – Law Relating to Banking

Question about the body responsible for regulating monetary policy in Nigeria.

BMF – Nov 2022 – L1 – SA – Q1 – The Role of Professional Accountants in Business and Society

This question tests knowledge of the features of a professional.

BMF – May 2023 – L1 – SB – Q4a – The Role of Professional Accountants in Business and Society

Explain the two main powers of a professional accounting organization.

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Question Tag: Regulation

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FR – Nov 2020 – L2 – Q2a – Regulatory Framework for Financial Reporting

Explanation of reasons why financial reporting should be regulated in Nigeria.

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BL – Nov 2013 – L1 – SA – Q17 – Law Relating to Banking

Question about the body responsible for regulating monetary policy in Nigeria.

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BMF – Nov 2022 – L1 – SA – Q1 – The Role of Professional Accountants in Business and Society

This question tests knowledge of the features of a professional.

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BMF – May 2023 – L1 – SB – Q4a – The Role of Professional Accountants in Business and Society

Explain the two main powers of a professional accounting organization.

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FR – Nov 2020 – L2 – Q2a – Regulatory Framework for Financial Reporting

Explanation of reasons why financial reporting should be regulated in Nigeria.

You're reporting an error for "FR – Nov 2020 – L2 – Q2a – Regulatory Framework for Financial Reporting"

BL – Nov 2013 – L1 – SA – Q17 – Law Relating to Banking

Question about the body responsible for regulating monetary policy in Nigeria.

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BMF – Nov 2022 – L1 – SA – Q1 – The Role of Professional Accountants in Business and Society

This question tests knowledge of the features of a professional.

You're reporting an error for "BMF – Nov 2022 – L1 – SA – Q1 – The Role of Professional Accountants in Business and Society"

BMF – May 2023 – L1 – SB – Q4a – The Role of Professional Accountants in Business and Society

Explain the two main powers of a professional accounting organization.

You're reporting an error for "BMF – May 2023 – L1 – SB – Q4a – The Role of Professional Accountants in Business and Society"

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