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densk [106]
3 years ago
13

According to the IASB Framework for the Preparation and Presentation of Financial Statements, the qualitative characteristic of

faithful representation includes
Business
1 answer:
Alexus [3.1K]3 years ago
4 0

Answer:

NEUTRALITY, COMPLETENESS AND FREE FROM ERRORS.

Explanation: IASB( International accounting standards board) is board regulating the preparation of accounting Reports or statements. It released its first framework called CONCEPTUAL FRAMEWORK in the year 1989.

The qualities of a faithful conceptual framework by IASB is to guarantee NEUTRALITY, COMPLETENESS AND ENSURE THAT THE STATEMENT IS FREE FROM ERRORS.

This framework will help to prevent disputes and manage standards in preparation of account statements.

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4 years ago
Which of the following statements are TRUE when comparing a corporation and a limited partnership?I A corporation is a taxable e
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Answer: I. A corporation is a taxable entity.

IV. A partnership allows for the flow through of gain and loss

Explanation:

A corporation is referred to as a legal entity that is created by stockholders, individuals, or shareholders, with the main aim of profit making while a limited partnership occurs when there are two or more partners that go into business together, it should be noted that either one partner or more will be are liable only to their investment amount

When comparing a corporation and a limited partnership, the options that are true are:

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5 0
3 years ago
Which of the following states is not a part of the Colorado River Upper Basin?
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Oregon is not one of the states that is part of the colorado river upper basin.
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4 years ago
To be​ successful, why should companies try to adopt a proactive stance on​ marketing?
jeka94

Answer:

E) A proactive stance allows a company to take advantage of opportunities as they arise.

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A proactive marketing stance entails collecting data to use in planning organized promotion campaigns in advance. This marketing stance frees up energy and time which enable a firm to benefit from new opportunities that may arise.  A proactive marketing stance ensures that a firm is ready to take advantage of trending windows of opportunity, trending news, and emerging events.  

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4 years ago
the most common method used for training non-managerial employees is: a. vestibule training b. computer-based instruction c. on-
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The most common method used for training non-managerial employees is on the job training (OJT).

On-the-job training (OJT) is a hands-on approach to acquiring new competencies and skills required for work in a real work environment.

Often used to learn how to use a particular tool or equipment in a real work practice, simulation, or training environment.

Instead of showing employees presentations and handing out worksheets, employees learn about the job by doing it. This training takes place in the workplace under the direction of a supervisor, manager or other competent employee.

As part of the introduction phase, new employees will have a close look at all future work processes. They learn what to expect in the workplace, how to operate equipment, and other skills necessary to succeed on the job.

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#SPJ4

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1 year ago
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