Which of the following statements about financial reporting standards is least accurate Reporting standards:（）
A: narrow the range within which management estimates can be seen as reasonable.
B: make financial statements comparable to one another.
C: are disclosed on Form 8 -K by publicly traded firms in the United States.
A: narrow the range within which management estimates can be seen as reasonable.
B: make financial statements comparable to one another.
C: are disclosed on Form 8 -K by publicly traded firms in the United States.
举一反三
- Which of the following statements about financial statements and reporting standards is least accurate（） A: Reporting standards focus mostly on format and presentation and allow management wide latitude in assumptions. B: The objective of financial statements is to provide economic decision makers with useful information. C: Reporting standards ensure that the information in financial statements is useful to a wide range of users.
- Which of the following statements about financial statements and reporting standards is least accurate（） A: Reporting standards focus mostly on format and presentation and allow management wide latitude in assumptions. B: The objective of financial statements is to provide economic decision makers with useful information. C: Financial statements could potentially take any form if reporting standards didn’t exist.
- Which of the following statements is least likely to be one of the conclusions about the impact of a change in financial reporting standards that might appear in management"s discussion and analysis A: Management is currently evaluating the impact of the new standard. B: The new standard will not have a material impact on the company"s financial statement. C: Management has chosen to revise the new standard according to the requirement of the company.
- Which of the following organizations is least likely involved with enforcing compliance with financial reporting standards A: Financial Service Authority (FSA). B: Securities and Exchange Commission (SEC). C: International Accounting Standards Board (IASB).
- The responsibilities of management include （ ） A: preparing for financial statements B: Establishing effective internal control over financial reporting¡ C: Compliance of regulations of companies D: Complaince with auditing standards