Discuss the advantages and disadvantages of using IFRS
As businesses become more international, using IFRS, or international financial reporting standards, would make cross-country comparisons easier. Worldwide consistency would be possible. Foreign companies might be more willing to invest in the United States if they could use international accounting rules. A disadvantage is that some IFRS standards are weaker than the GAAP standards. Also, some experts fear allowing use of IFRS would amount to outsourcing financial safety standards.
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How many committees, consisting of 3 female and 3 male students, can be selected from a group of 7 female and 8 male students?
What will be an ideal response?
What is the ‘tension’ relating to values highlighted by Aronson (1960) ___________?
a. Humans are social animals living in a state of tension between values associated with their individuality and values associates with social conformance b. Humans are social animals that control tension because they create values to establish norms of how to get along as individuals and as a society c. Humans are social animals that use values as the building blocks of their culture, and so use culture to control tension d. All of the above
________ refers to a diversification strategy that involves taking a step forward (down) on the value-added chain toward the customers.
A. Conglomerate integration B. Forward integration C. Horizontal integration D. Backward integration
Financial ratios can be used to assess which of the following aspects of a firm's performance?
A. Profitability B. Liquidity C. Solvency D. All of these answers are correct.