Which of the Following Is NOT Part of the Financial

question 114

Multiple Choice

Which of the following is NOT part of the financial accounting information system?

• A)filing reports with the SEC
• B)reporting a large contingent liability to current and potential shareholders
• C)determining the future cash flows of a proposed flexible manufacturing system
• D)preparing GAAP financial statements

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Definitions:

Expertise

Expertise is the high level of knowledge, skill, or competence in a particular area, acquired through experience, education, or training.

Reference

A source of information or a mention of a source, often used to substantiate claims or as a guide to further information.

Visionary Leadership

Leadership that brings to the situation a clear sense of the future and an understanding of how to get there.

Compelling Sense

An irresistible urge or an intense feeling that drives action.