Complete the Following Using the Terms Listed

question 42

Multiple Choice

Complete the following using the terms listed.
-Proponents of _____ allow employees to view sensitive financial information so that they better understand how their work contributes to the company's success.

• A)certified public accountant
• B)International Financial Reporting Standards
• C)asset
• D)liability
• E)Owners' equity
• F)accounting equation
• G)balance sheet
• H)income statement
• I)Sarbanes-Oxley Act (SOX)
• J)accrual accounting
• K)open book management
• L)budget
• M)generally accepted accounting principles (GAAP)
• N)Financial Accounting Standards Board (FASB)
• O)profitability ratios
• P)International Accounting Standards Committee (IASC)
• Q)Leverage ratios
• R)management accountant

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Definitions:

Communication Plan

A document outlining the strategies and methods for disseminating information among project stakeholders.

Technology

The application of scientific knowledge for practical purposes, especially in industry and everyday life.

Naval Observatory

A scientific institution in the United States for the regulation of navy chronometers, timekeeping, and determining positions.

Greenwich

A district in London, known for its maritime history and as the location of the Prime Meridian, from which Greenwich Mean Time is calculated.