Qualitative characteristics of accounting information. 3. Elements of financial statements. 4. Operating guidelines (assumptions, principles, and constraints).
A) the sender of the communication. B) the recipient of the communication. C) the content of the communication. D) the location of the communication. Feedback: Correct.
Be organized, be prepared and be punctual. 2. Prioritize. B. Establish good behavior patterns.
(41) In the financial services sector, the use of the “three lines of defense” includes the business unit (BU), a risk management program, and ______________. (42) Which security policy framework focuses on concepts, practices, and processes for managing and delivering IT services? (43) ___________ refers to the degree of risk an organization is willing to accept. (44) To which sector does the Gramm-Leach-Bliley Act apply
Identification of permanent differences. d 34. Identification of temporary differences. d 35. Difference due to the equity method of investment accounting.
The operational audit studies the specific parts of an organization with the purpose of measuring its performance. Performances are measured in terms of effectiveness and efficiency such as auditing shipping and receiving or the sales departments. The benefit of these types of audits can positively affect the profitability of the organization. The financial audits, which we are doing, consist of auditing financial statements. The purpose of the financial statement audit is to ensure the entity being audited is preparing the financial statements in conformance with General Accepted Accounting Principles (GAAP).
The objective of this joint project of the Boards is to develop a common conceptual framework that is both complete and internally consistent. The framework is highly beneficial in that it would provide a sound foundation for developing future accounting standards and would consist of standards that are principles based, internally consistent, converged internationally, and that lead to financial reporting that provides the information needed for investment, credit, and similar decisions (iasplus.com). The framework, will deal with a wide range of issues, and build on the existing IASB and FASB frameworks. www.fasb.org/.../FASB/FASBContent.../ www.iasplus.com/en/projects/completed/framework/framework-joint 7. Give examples of authoritative and non authoritative U.S. GAAP.
* A)Fact, Definition, Cause, Value, Policy * B) Support, Questions, Warrants, Characteristic, Argument * C)Proof, Argument, Cause, Policy, Support * D)Questions, Definition, Warrants, Proof, Fact 3. What are claims about value? * A) Claims made of what something worth * B) Argue that one person caused another thing to occur * C) What the definition of something is a settled fact * D) Argue against a certain policy approach to a problem 4. What is Claims of Definition? * A) Definition help categorize your topic * B) value involve judgments, appraisals and evaluations * C) State or assert that something is the case * D) the regard that something is held to deserve 5.
IV. Backing—implicit assumptions that show the warrant is reliable and/or evidence to support grounds V. Modal Qualifiers
The process of reinforcing successively closer approximations to a desired behavior is called: A. shaping. B. partial reinforcement. C. generalization. D. secondary reinforcement. E. modeling.