Under IFRS, the Trial Balance

question 61

Multiple Choice

Under IFRS, the trial balance

• A) follow the same format as under GAAP.
• B) shows credits on the left and debits on the right.
• C) include less accounts than under GAAP.
• D) include more accounts than under GAAP.

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Definitions:

Risk-Free Return

The theoretical rate of return of an investment with zero risk of financial loss.

Dollar-Weighted Return

A method of calculating an investment's return that takes into account the timing and size of cash flows, providing a more accurate measure of personal investment performance.

Dividend

A portion of a company's earnings that is paid to shareholders, usually on a quarterly basis, as determined by the company's board of directors.

Jensen's Measure

A performance evaluation method that calculates the excess return a fund generates over its expected return, given its level of risk as measured by beta.