The Index of Leading Indicators Compiled by the Conference Board

question 48

Multiple Choice

The index of leading indicators compiled by the Conference Board of Canada includes 10 data series that are used to forecast economic activity about _____ in advance.

• A)1 month
• B)6 to 9 months
• C)1 to 2 years
• D)5 to 10 years

---

Definitions:

IFRS

International Financial Reporting Standards, a set of global accounting guidelines that provide a common language for business affairs so that company accounts are understandable and comparable across international boundaries.

Direct Method

In cash flow reporting, a method that lists the major categories of gross cash receipts and gross cash payments.

Indirect Method

A technique used in cash flow statement preparation that adjusts net income for the changes in balance sheet accounts to arrive at the cash flow from operating activities.

Cash Flow Statement

A financial report summarizing the total cash income from a company's operational activities and external funding, along with the expenditure on business operations and investments within a specific timeframe.