What Reporting Choices Are Given to Canadian Private Not-For-Profit Organizations

question 53

Multiple Choice

What reporting choices are given to Canadian private not-for-profit organizations?

• A) They may report under the Accounting Standards for Private Enterprises (ASPE) found in Part II of the CPA Canada Handbook without modification.
• B) They may report using the standards found in Part III of the CPA Canada Handbook and apply Part II (ASPE) to the extent that the Part II standards address topics not addressed in Part III.
• C) They may report under the International Financial Reporting Standards (IFRS) modified by the standards found in Part III of the CPA Canada Handbook.
• D) If the NFPO was formed prior to 2010, they may continue to report in accordance with the Canadian standards for not-for-profit enterprises that existed prior to 2011-2012.

Understand the importance of diversity management in leveraging a competitive advantage in global markets.

Recognize different barriers to accommodation and how to address them.

Understand the differences between diversity management and employment equity.

Know the fundamental legal and ethical principles guiding employment equity and diversity management, including human rights legislation.

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Definitions:

Two-tailed Test

A statistical test that allows for the exploration of relationships in both directions, enabling the detection of significant differences regardless of the direction.

Significant

Pertaining to results in statistical analysis, significant means the findings are unlikely to have occurred by chance and indicate a real effect or relationship.

Z-statistic

A statistical measure that quantifies the difference between a sample statistic and its population parameter, measured in units of the standard deviation.

Z-test

A statistical test used to determine whether there is a significant difference between the mean of a sample and the mean of a population, or between the means of two populations.