Which of the Following Is Not One of the Approaches

question 60

Multiple Choice

Which of the following is not one of the approaches for reporting accounting changes?

• A)The change approach.
• B)The retrospective approach.
• C)The prospective approach.
• D)All three of the above are approaches for reporting accounting changes.

---

Definitions:

Smart Agent

Intelligent software programs that perform tasks on behalf of users, often utilizing artificial intelligence to learn from user interactions and make decisions.

Intelligent Agents

Software entities that perform actions autonomously on behalf of a user or another program, with some degree of intelligence or ability to adapt.

Sensory Experiences

Sensory experiences involve the perception and interpretation of the world around us through our senses, such as sight, sound, smell, taste, and touch.

Documentability

The ability to systematically record and provide evidence of processes, decisions, or transactions, important for accountability and compliance.