The Main Benefits of International Harmonisation Are Said to Include

question 70

Multiple Choice

The main benefits of international harmonisation are said to include:

• A) increasing the comparability of financial reports prepared in different countries so that capital ultimately flows to entities that can use it the most productively.
• B) reducing the financial reporting costs for Australian multinational companies.
• C) removing barriers to international capital flows by reducing differences in financial reporting requirements and so increasing understanding by foreign investors of Australian reports.
• D) all of the given answers

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Definitions:

Pooled Variance

A method used in statistical analysis to estimate the variance of two or more different populations by pooling their variances, assuming they have the same variance.

Sample Sizes

The number of observations or units chosen from a larger population for the purpose of statistical analysis.

Weighted Average

An average resulting from the multiplication of each component by a factor reflecting its importance.

Z-score

A numerical metric indicating how a particular value compares to the average of a dataset, expressed by the number of standard deviations it lies from the mean.