According to the Text,what Will the Effect of Communications Technology

question 45

Multiple Choice

According to the text,what will the effect of communications technology depend primarily on?

• A) how people make use of it
• B) how well parents supervise their children
• C) income levels to permit purchase of equipment
• D) amount of time spent surfing the Internet

Comprehend the accounting treatments for forward contracts and options as hedges of foreign currency risks.

Identify the sources of foreign exchange risk and the authoritative literature governing hedges of such risks.

Evaluate the effectiveness of derivative financial instruments as hedges of foreign currency exposure.

Determine the fair value adjustments and accounting implications of derivative instruments.

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Definitions:

AASB 127

The Australian Accounting Standards Board guideline that outlines the accounting and disclosure requirements for investments in associates and joint ventures.

Consolidated Financial Statements

Financial statements that represent the consolidation of a corporation and all its subsidiaries, portraying the financial position and performance of the company as a single entity.

Reporting Entity

A reporting entity is an entity or economic unit for which financial statements are prepared and presented to users.

Parent Entity

A company that has control, directly or indirectly, over other companies or subsidiaries.