Financial Reporting and Analysis: Using Financial Accounting Information 13th test bank
NAT: BUSPROG: Communication
STA: AICPA: FN: Measurement | ACBSP: GAAP | IMA: Financial Statement Analysis
TOP: Traditional Assumptions of the Accounting Model KEY: Bloom's: Knowledge
NOT: Time: 1 min.
41. The Sarbanes-Oxley Act has materiality implications.
ANS: T PTS: 1 DIF: Difficulty: Easy
NAT: BUSPROG: Communication
STA: AICPA: FN: Measurement | ACBSP: GAAP | IMA: Financial Statement Analysis
TOP: Traditional Assumptions of the Accounting Model KEY: Bloom's: Knowledge
NOT: Time: 1 min.
42. Web sites are not very useful when performing analysis.
ANS: F PTS: 1 DIF: Difficulty: Easy
NAT: BUSPROG: Communication
STA: AICPA: FN: Measurement | ACBSP: GAAP | IMA: Financial Statement Analysis
TOP: Financial Reporting Standards for Small and Medium-Sized Entities (SMEs)
KEY: Bloom's: Knowledge NOT: Time: 1 min.
43. Accounting standards codification TM reorganizes the accounting pronouncements into approximately 90 accounting topics.
ANS: T PTS: 1 DIF: Difficulty: Easy
NAT: BUSPROG: Communication
STA: AICPA: FN: Measurement | ACBSP: GAAP | IMA: Financial Statement Analysis
TOP: FASB Accounting Standards Codification™ (Codification)
KEY: Bloom's: Knowledge NOT: Time: 1 min.
44. Accounting standards codification TM addresses U.S. GAAP for nongovernmental entities.
ANS: T PTS: 1 DIF: Difficulty: Moderate
NAT: BUSPROG: Communication
STA: AICPA: FN: Measurement | ACBSP: GAAP | IMA: Financial Statement Analysis
TOP: FASB Accounting Standards Codification™ (Codification)
KEY: Bloom's: Comprehension NOT: Time: 1 min.
45. With the expansion of international business and global capital markets, the business community and governments have shown a decreased interest in the harmonization of international accounting standards.
ANS: F PTS: 1 DIF: Difficulty: Easy