After You Create a Scenario, You Can Use the Scenario

question 117

Multiple Choice

After you create a scenario, you can use the Scenario Manager ____ to change its values to extend your what-if analysis.

• A) dialog box
• B) toolbar
• C) status bar
• D) Wizard

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Definitions:

IASB/FASB Boards

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) are organizations that develop and promulgate accounting standards.

Enhancing Characteristics

Qualitative aspects of financial information that make it more useful for decision making, including comparability, verifiability, timeliness, and understandability.

Financial Information

Data concerning the financial status, performance, and changes in financial position of an entity that is useful to a wide range of users in making economic decisions.

Conceptual Framework Project

A systematic approach to developing a set of concepts that guide the creation, interpretation, and application of financial reporting and accounting standards.