Recent Changes in _______ Accounting Standards Require Companies to Group

question 2

Multiple Choice

Recent changes in _______ accounting standards require companies to group items within OCI based on __________

• A)U.S.GAAP;whether they will be reclassified subsequently into net income or whether they will be subsequently reclassified into income when specific conditions are met.
• B)IFRS;whether they will be reclassified subsequently into net income or whether they will be subsequently reclassified into income when specific conditions are met.
• C)U.S.GAAP;their expected future categorization on the income statement into income from continuing operations,discontinued operations,extraordinary items.
• D)IFRS;their expected future categorization on the income statement into income from continuing operations,discontinued operations,extraordinary items.

Recognize the concepts and benefits of competency-based compensation systems.

Understand the implications of labor market conditions on compensation practices.

Understand the concept of compensable factors and their components.

Grasp the fundamental ideas behind competency-based pay systems.

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Definitions:

Social Reinforcement

The use of positive or negative feedback from peers or society to encourage or discourage certain behaviors or attitudes.

Employee Recognition Programs

Formal organizational programs that publicly recognize and reward employees for specific behaviours.

Behaviour Modelling Training

A method of training that involves observing, learning, and replicating the behavior of a role model to acquire new skills or behaviors.

Service Organizations

Businesses that primarily provide intangible products, such as hospitality, banking, and healthcare, to meet the needs of their customers.