Operational Planning Translates Strategic Planning into a Plan to Be

question 125

Multiple Choice

Operational planning translates strategic planning into a plan to be completed within

• A)Three months.
• B)One year.
• C)Five years.
• D)Ten years.

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Definitions:

AASB 138

An Australian Accounting Standard Board rule that outlines the accounting requirements for intangible assets not covered by other specific standards.

Finite Useful Lives

refers to the expected period over which an asset is anticipated to be economically beneficial to an entity, after which it is likely to be considered obsolete or worn out.

AASB 138

An Australian Accounting Standard that outlines the accounting treatment for intangible assets not covered by another Standard.

Intangibles

Non-physical assets owned by a firm that can include patents, trademarks, copyrights, and goodwill.