Of the Three Management Skill Areas (Technical,human and Conceptual)which Is

question 24

Essay

Of the three management skill areas (technical,human and conceptual)which is the most important and why?

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Definitions:

IFRS

International Financial Reporting Standards are accounting guidelines created by the International Accounting Standards Board, increasingly adopted worldwide for drafting financial statements of public companies.

Reserves

Funds set aside by a company to cover future obligations, losses, or unforeseen expenses.

Accumulated Profits and Losses

The net total of all a company's profits and losses over its lifetime, not distributed as dividends.

Treasury Stock Transaction

The acquisition or reissuance of shares by a company, which may affect shareholders' equity but do not count as assets on the balance sheet.