Kat Is Sitting at Her Computer Analyzing the Financial Impact

question 10

Multiple Choice

Kat is sitting at her computer analyzing the financial impact of an increase in her company's sales growth rate.Kat is probably using a ________ program.

• A)spreadsheet
• B)presentation
• C)word processor
• D)desktop publishing

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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.