When Preparing Review Sections in a Report

question 7

Multiple Choice

When preparing review sections in a report

• A)always write them in narrative form,not as lists.
• B)use multiple review sections if the report is long and complex.
• C)introduce new facts and information to support the review points.
• D)avoid headings and subheadings.
• E)avoid restating technical information found in the report.

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Definitions:

Control

In the context of financial reporting, control refers to the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

Shareholding

The ownership interest represented by holding shares of stock in a company.

Subsidiaries

Companies that are controlled by another company, known as the parent company, through the ownership of more than half of their voting stock or through other control mechanisms.

Directors

Individuals appointed or elected to oversee the management and make strategic and policy decisions for a corporation or organization.