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Which of the following is a function of the steering committee for the information systems (IS) department?
Big Bath Items
Large and often one-time charges taken by a company to write off or write down the value of assets, or to provide for expected future liabilities, sometimes used to manage earnings.
Restructuring
A process of reorganizing a company's structure, operations, or finances with the goal of increasing efficiency or to prepare the business for a sale, merger, or change in strategy.
GAAP
Generally Accepted Accounting Principles, a set of accounting standards and practices formally established to bring consistency to financial reporting.
Future Costs
Costs that are expected to be incurred in future periods as opposed to those already incurred or realized.
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