Reading 31: Financial Reporting Standards-LOS g 习题精选 2011, reporting, coherent, creating, network

1215

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.

1215

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.

luqian55

thanks a lot