Which of the Following Statement Was Not Identified as a Benefit

question 28

Multiple Choice

Which of the following statement was not identified as a benefit of international harmonisation?

• A) It was likely to increase the comparability of financial reports prepared in different countries.
• B) It was likely to improve the quality of financial reporting in Australia to best international practice.
• C) It was likely to reduce the reporting costs for Australia's not-for-profit entities and local governments.
• D) It was likely to allow more meaningful comparisons of the financial performance and financial position of Australian and foreign public sector reporting entities.

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Definitions:

Ripples

Fluctuations or variations in the output voltage of a power supply, often resulting from incomplete suppression of AC waveform within DC output.

Harmonics

In electrical systems, harmonics are frequencies that are integer multiples of the base fundamental frequency, leading to distortion in power systems.

Cosines

Refers to the cosine function, a trigonometric function that represents the ratio of the adjacent side to the hypotenuse of a right-angled triangle.

Frequency

The number of complete cycles of AC voltage that occur in 1 s.