Which of the Following Is Not a Use of International

question 24

Multiple Choice

Which of the following is not a use of international accounting standards?

• A) As national requirements.
• B) As standards to be violated to improve intercountry comparability.
• C) As an international benchmark for those countries that develop their own requirements.
• D) By regulatory authorities for domestic and foreign companies

Understand the significance of tax deductible expenses and their effect on initial outlay.

Acknowledge the necessity of including both variable and fixed costs in project cash flows according to the incremental cash flow principle.

Understand how to calculate and interpret the tax effects of selling an asset.

Understand the importance of differentiating between earnings and cash flows for project projections.

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Definitions:

Skilled-Based System

A system that focuses on the skills and abilities employees possess or need to acquire, rather than on job titles or positions.

Job Ranking System

The simplest and oldest system of job evaluation by which jobs are arrayed on the basis of their relative worth.

Goal System

A structured approach to setting, monitoring, and achieving objectives within an organization, often linked to performance management.