Which of the Following Is Not Part of the Horizontal

question 48

Multiple Choice

Which of the following is not part of the horizontal information flows of the B/AR/CR process?

• A) accounts receivable aging report
• B) customer payment
• C) bank deposit
• D) customer invoice

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Definitions:

R&D Expense

Costs associated with the research and development activities of a company, aimed at the creation of new products or enhancement of existing products.

IFRS

International Financial Reporting Standards; a set of global accounting standards that provide guidance on how to report financial events.

GAAP

GAAP refers to the widely recognized set of accounting norms and guidelines followed in the U.S. for preparing financial statements.

Fair Value

The amount one would obtain from selling an asset or the cost to transfer a liability, in a smooth transaction with market players on the day of valuation.