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Reading 31: Financial Reporting Standards-LOS g 习题精选

Session 7: Financial Reporting and Analysis: An Introduction
Reading 31: Financial Reporting Standards

LOS g: Identify the characteristics of a coherent financial reporting framework and barriers to creating a coherent financial reporting network.

 

 

Disagreements that inhibit development of a coherent financial reporting framework are least likely to involve which of the following?

A)
Valuation.
B)
Transparency.
C)
Standard setting.


 

There is widespread agreement that transparency is desirable in financial reporting. Disagreements that inhibit development of a single framework often arise around issues of measurement, valuation, and standard setting.

Which of the following is least likely to be considered a characteristic of a coherent financial reporting framework?

A)
Transparency.
B)
Comprehensiveness.
C)
Stability.


Financial reporting should be transparent and comprehensive. Stability of accounting information is not a characteristic of a coherent reporting framework.

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