Which of the Following Is Not a Common Nonfinancial Need

question 11

Multiple Choice

Which of the following is not a common nonfinancial need of people that financial planners can help with?

• A)To find an interested person
• B)To understand
• C)To reward
• D)To feel secure
• E)To help establish goals

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Definitions:

Comparative Information

Financial data presented for multiple periods or dates to allow users to identify trends, changes, and financial performance over time.

FASB-IASB Convergence

The effort by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) to align U.S. Generally Accepted Accounting Principles (GAAP) with International Financial Reporting Standards (IFRS).

Revenue Recognition

An accounting principle that delineates the specific conditions under which revenue is recognized and determines how to account for it.

Business Combinations

Transactions in which one company obtains control over one or more other businesses, resulting in a single reporting entity.