A Norm Is Best Defined As

question 23

Multiple Choice

A norm is best defined as:

• A)A part of company policy
• B)An informal rule for appropriate behavior with a group
• C)A written policy for behavior
• D)Something each employees makes up for themselves

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Definitions:

Segment Reporting

The practice of breaking down financial reports into divisions, product lines, or geographical markets to provide detailed financial information.

Accounting Standards

Guidelines and rules established by accounting organizations for preparing and reporting financial statements.

International Financial Reporting Standards

A set of accounting standards and guidelines developed and maintained by the International Accounting Standards Board (IASB) that is used internationally to ensure financial statements are transparent, comparable, and consistent.

U.S. GAAP

United States Generally Accepted Accounting Principles, a set of rules and standards for financial accounting and reporting in the U.S.