Which of the following statements most accurately reflects the approach the FASB and IASB have identified for reaching convergence of U.S. and international accounting standards?
a. Convergence will be achieved primarily by modifying FASB standards to conform with IASB standards.
b. Convergence will be achieved primarily by modifying IASB standards to conform with FASB standards.
c. FASB and IASB will create new standards rather than trying to eliminate differences between standards that are in need of significant improvement.
d. FASB and IASB will try to eliminate differences between standards by eliminating differences between existing standards of the two standard-setting bodies that can be easily resolved and will then work jointly on more complex issues.
D
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Which of the following is not one of the primary uses of OD?
A. adapting to a merger B. improving recruitment C. managing conflict D. revitalizing an organization E. adapting to an acquisition
Answer the following statements true (T) or false (F)
1. A system cannot be overcome or broken into if its internal controls are properly designed and structured. 2. It is difficult and costly to plan controls that can prevent collusion. 3. Strict internal controls must be implemented, regardless of the cost. 4. Internal controls must always be judged in light of their costs versus their benefits. 5. Collusion involves two or more people working together to circumvent internal controls and defraud a company.
Social media marketing is a traditional direct marketing tool
Indicate whether the statement is true or false
The longer its customers normally hold inventory, the longer the credit period supplier firms normally offer. Still, suppliers have some flexibility in the credit terms they offer. If a supplier lengthens the credit period offered, this will shorten the customer's cash conversion cycle but lengthen the supplier firm's own CCC.
Answer the following statement true (T) or false (F)