Which of the Following Is Not a Characteristic of Financial

question 129

Multiple Choice

Which of the following is not a characteristic of financial accounting?

• A)Financial reports are prepared according to GAAP.
• B)Information is used by external parties.
• C)Information is subjective,relevant,and future-oriented.
• D)Reports are prepared periodically.

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Definitions:

Ego Depletion

A psychological theory suggesting that self-control or willpower draws upon a limited pool of mental resources that can be used up.

Ego Acceptance

The process of acknowledging and integrating different aspects of one's self into a cohesive identity.

Ego Control

The capacity of an individual to regulate their impulses, desires, and potentially disruptive emotions in order to function effectively in social and personal contexts.

Ought Self

The person you think you should be.