For Each of the Following,identify Whether the Situation Affects the Reliability,relevance,consistency,or

question 5

Essay

For each of the following,identify whether the situation affects the reliability,relevance,consistency,or comparability of financial data.Give only one answer for each case.
RB-Reliability
RV-Relevance
CN-Consistency
CP-Comparability
_____ Data can be directly contrasted with another company's data.
_____ Final numbers can be verified by outside auditors.
_____ Data are up to date.
_____ The company uses the same chart of accounts in each time period.
_____ Credits equal debits throughout the journal entries and on the trial balance.
_____ The company uses the same accounting procedures and processes as its competitors.
_____ Company results can be compared to the results from prior time periods.
_____ Data are appropriate to the decision being made.
_____ Data are error free.

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Definitions:

Hostile Reader

An audience that is skeptical or antagonistic to the writer's viewpoint or arguments.

Subject

the main topic or area of interest being discussed or studied.

Approach

A way or method of dealing with a problem or task, typically involving a clear strategy or direction.

Instructor's Expectations

The specific standards or goals an instructor anticipates students will achieve in a course or module.