Transitional Words and Phrases

question 18

Multiple Choice

Transitional words and phrases

• A)connect ideas by helping readers move from one thought to the next.
• B)should be removed from written material to make it more concise.
• C)are essential to analytical reports but unnecessary in informational reports.
• D)aren't necessary in a report that uses a system of headings and subheadings.

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Definitions:

Management Approach

A principle in financial reporting that allows an entity to use its internal management structures and processes as the basis for organizing and presenting its financial information.

External Reporting

involves the preparation and disclosure of financial statements and other information to external stakeholders.

Materiality Thresholds

The thresholds or limits at which financial information becomes significant enough to influence the decision-making process of users.