The Organization That Attempts to Create More Harmony Among the Accounting

question 260

Multiple Choice

The organization that attempts to create more harmony among the accounting practices of different countries by identifying preferred practices and encouraging their worldwide acceptance is the:

• A)AICPA
• B)FASB
• C)CAP
• D)SEC
• E)IASB

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Definitions:

Managerial Accounting Reports

Managerial accounting reports provide detailed financial and operational information to managers, aiding in decision-making processes.

Special-Purpose

Designed or used for a specific reason or task, often referring to equipment, vehicles, or financial instruments tailored for particular needs.

Macro-Reports

Comprehensive reports that provide an overview of broad economic or financial trends and analyses, often used in strategic planning and decision-making.

Managerial Accounting

The practice of identifying, measuring, analyzing, interpreting, and communicating financial information to managers for the pursuit of an organization's goals.