Which of the Following Types of Conference Is the Annual

question 6

Multiple Choice

Which of the following types of conference is the annual UTS Australian Summer Accounting Conference?

• A) Government
• B) Academic
• C) Association
• D) Corporate

---

Definitions:

Consolidated Financial Statements

Financial statements that present the assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries as those of a single economic entity.

Entity Concept

An accounting principle that treats a business as a separate entity from its owners for financial reporting purposes.

NCI

Non-Controlling Interest, which refers to the ownership in a subsidiary not held by the parent company, represented in the equity section of the consolidated financial statements.

Liability

A financial obligation or debt owed by an individual or entity to another party that has to be paid back in the future.