Answer:
The correct answer is D. Materiality levels for particular classes of transactions, account balances, or disclosures might also need to be revised.
Explanation:
The need for less materiality for significant account / disclosure may occur infrequently; however, it may be appropriate in certain circumstances. The materiality of performance related to a lower materiality for the significant account / disclosure is set to reduce to an adequately low level the probability that the sum of the errors not corrected and not detected in that significant account or particular disclosure exceeds the materiality Minor account / significant disclosure.
We must document the minor amount of the materiality of the significant account / disclosure, if applicable, for each specific significant account or disclosure and the factors considered in its determination.
Materiality Modification
The materiality for the financial statements taken together (and, if applicable, the lower materiality for the significant account / disclosure) may be modified as a result of:
- A change in circumstances that occurred during the audit. New information, or
- A change in our understanding of the entity and its operations as a result of performing additional audit procedures.
Answer:
They are:
1) Intensive growth
2) Integrative growth
3) Diversification growth
Explanation:
1. Intensive growth:
This involves identifying further growth opportunities that are available within existing businesses. It identifies new customer groups for growth within current businesses, develop additional distribution channels or selling in new markets such as those in other countries. If this is insufficient the company may look into Integrative growth.
2. Integrative growth:
The second involves involves backward, forward, or horizontal integration. Horizontal integration involves buying smaller competitors.
Backward integration reaches into value chain to get suppliers. Forward involves buying distribution channels in the value chain closest to the customer. Integrative growth identifies opportunities to acquire businesses that are in relation to current businesses.
3. Diversification:
Diversification growth is to identify opportunities so as to add attractive unrelated businesses
Answer:
Option C
Explanation:
While giving a public speech/talk, it is not advisable to see at one particular person in the audience as it leads to disinterest among the others.
Hence, option A is incorrect.
Referring to notes too make the audience distracted. Hence, option B is incorrect
Speaker must be able to speak clearly so that everyone understands what he/she wants to convey. Clear vocals are a plus for good talk delivery. Hence, option C is correct.
Option D and E seems to be inadequate as a friend on stage will not make speech/talk interesting untill unless the speaker do something on his own. Also, memorizing every word is not a solution. Sometimes people who memorizes speech/talk content get nervous on stage when they forget even a single line.
The best answer for this question would be:
<span>b. domestic producers of jet skis are worse off, domestic consumers of jet skis are better off, and the economic well-being of the country rises.
Because originally the jet skis came from the country they originated from so the quality is original and more trusted to the consumers. </span>
The information given is differentiated into either managerial accounting or financial accounting below:
- Main characteristic of data is that it must be reliable and objective = Financial accounting.
- Not governed by legal requirements = Managerial accounting
- Primary users are external (i.e creditors, investors) = Financial accounting
- Focused on the future = Managerial accounting
- Reporting is based mainly on the company as a whole= Financial accounting
- Reports are usually prepared quarterly and annually= Financial accounting
- Information is verified by external auditors = Financial accounting
- Focused on the past = Financial accounting
<h3>What is managerial accounting?</h3>
Managerial accounting is a method of accounting that creates statements, reports, and documents that help management in making better decisions.
Financial accounting is concerned with the summary, analysis and reporting of financial transactions related to a business.
Learn more about managerial accounting on:
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