When Using the Retrospective Approach for a Change in Accounting

question 125

Multiple Choice

When using the retrospective approach for a change in accounting principle,disclosure rules require that

• A)prior years' income statements presented for comparative purposes be restated to reflect use of the new principle unless it is impractical to do so.
• B)all prior years' income statements be restated to reflect use of the new principle,and include a pro forma net income figure of the previously reported income.
• C)no prior years' income statements be restated,but a pro forma net income figure be provided to reflect use of the new principle for each year presented.
• D)no prior years' income statements be restated,and no pro forma net income figures be provideD.

Recognize the impact of organizational politics and bias on performance evaluations.

Understand the occurrence and implications of criterion deficiency and contamination.

Identify the uses and limitations of various evaluation methods (peer, self, team evaluations).

Recognize the importance of linking performance evaluations to strategic objectives.

---

Definitions:

Family Therapy

A form of psychotherapy that aims to address and improve problematic interactions and communication patterns within a family system.

Couples Therapy

A form of psychotherapy aimed at resolving relationship issues through communication and problem-solving strategies among partners.

Family Therapy

Family therapy is a form of psychotherapy that aims to address psychological, behavioral, and emotional issues by working with the family as a whole.

Reframing

A cognitive behavioral technique involving changing the way one thinks about or interprets a situation, event, or experience in order to change its meaning and emotional impact.