Which of the Following Is Not a Major Difference Between

question 30

Multiple Choice

Which of the following is not a major difference between integrated reporting and existing reporting frameworks?

• A)The variety of financial and non-financial metrics covered.
• B)The emphasis on internal control.
• C)The emphasis on forward-looking information.
• D)The reflection of company strategy.

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Definitions:

Operating Expenses

Costs related to the day-to-day operations of a business, excluding the cost of goods sold.

Net Income

Profit calculated after deducting all operating expenses, interest, taxes, and any other charges from total revenues.

Service Firm

An enterprise offering non-physical products or services to its customers, as opposed to tangible items.

Merchandising Company

A business that purchases goods in finished form for resale to consumers, generating revenue through sales activities.