The Field of Accounting That Focuses on the Criterion of Relevant

question 67

Multiple Choice

The field of accounting that focuses on the criterion of relevant information rather than comparability of firms is:

• A) cost accounting.
• B) financial accounting.
• C) responsibility accounting.
• D) international accounting.

---

Definitions:

Project Acceptance

The process of approving a proposed project based on analysis of its feasibility and alignment with organizational goals.

Multiple IRR's

The possibility of obtaining more than one internal rate of return for a project or investment due to unconventional cash flows, such as alternating periods of negative and positive cash flows.

Negative NPV

A situation where the net present value of a project or investment is negative, indicating that the expected cash inflows are not sufficient to cover the initial investment and the cost of capital.

Highest IRR

The maximum internal rate of return, representing the most favorable potential annual return on an investment, adjusted for time value of money.