The Overall Process of Preparing for Unexpected Events Is Called

question 25

Short Answer

The overall process of preparing for unexpected events is called ____________________.

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Definitions:

Accounting Information

Data produced by accounting processes which include summaries of financial transactions and statements reflecting the financial status of an organization.

International Competitiveness

A measure of a country's ability to compete in the global market, based on factors like quality, price, and innovation.

Financial Reporting

The activity of formulating pronouncements that illustrate an organization's financial status to its directors, patrons, and the government.

IFRS

IFRS, or International Financial Reporting Standards, are globally accepted standards for accounting that guide how transactions and other accounting events are reported in financial statements.