Why Should Financial Analysts Endorse the Adoption of IFRS Worldwide

question 57

Multiple Choice

Why should financial analysts endorse the adoption of IFRS worldwide?

• A)It would eliminate the time lag between the end of the year and the publication of financial statements that varies considerably across countries.
• B)It would increase the comparability of financial statements across countries.
• C)It would increase the demand for the services of international financial analysts.
• D)The services of financial analysts would become more valuable to investors.

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Definitions:

Total Quality Management

A comprehensive management approach focusing on continuous improvement in all functions of an organization to achieve high-quality products and services.

Internal Customers

Employees or departments within an organization that rely on the support of another individual or department to fulfill their job duties.

Continuous Improvement

An ongoing effort to improve products, services, or processes for increasing efficiency and effectiveness.

Target Cost

The desired cost to produce a product, determined by subtracting a desired profit margin from a competitive market price.