When a contingency must be accrued under IFRS, the charge is referred to as
A) an endowment.
B) a provision.
C) an appropriation.
D) a risk expense.
B
You might also like to view...
What is true of employee benefits?
A. Employers have very limited options for communicating information about benefits. B. Employees have a thorough understanding of what benefits they have and what the market value of these benefits is. C. It is up to employees to determine the cost and value of their benefits. D. Employees, for the most part, are just not interested in their benefits. E. Employees have a hard time understanding the cost and value of their benefits.
Discuss six methods a writer can use to create a conversational tone in a business message
Indicate whether the statement is true or false.
An accounting system is the methods and procedures used to collect, classify, summarize, and report the businesses financial information
Indicate whether the statement is true or false
Sam is a middle-level manager who is known for his efficiency; however, he is not necessarily effective. But, Rachel, another middle-level manager, is known for her effectiveness, rather than her efficiency. Therefore, Rachel is more likely to
A. make the best possible use of people. B. have a clear focus on efficiency. C. achieve goals with minimal waste. D. achieve organizational goals. E. make the best possible use of money.