Answer:
Strategic plans are made by the upper echelon of a company's management. They are long term and done with the intent to achieve company wide missions and visions.
Tactical plans come next and are made by the middle-level managers. They are not as long term as strategic plans and are typically less than a year but more than half a year. They are done to meet the strategic plans.
Operational plans are not very long term and are typically under half a year. They aim to meet strategic plans and are done by low-level management. It is usually detailed as it aimed at a particular goal.
Strategic Plans
- Reducing production waste to landfill sites by 60 percent.
- Reducing the impact of our operations.
- Addressing child labor in the cocoa supply chain.
Tactical Plans
- Reducing our energy and GHG in manufacturing.
- Educating employees to reuse water and improve processes.
- Reducing packaging material.
Operational Plans
- Eliminating 50 million pounds of packaging material.
- Buying certified commodities.
Projects are specific and so have specific goals as they aim to achieve a particular mission. They have a defined start and finish.
Programs on the other hand are a group of projects which would produce individual results that when put together, contribute to the larger goal of the program.
Policies are the guidelines that a company institutes in order to meet their goals.
Projects
- Reducing production waste to landfill sites by 60 percent.
- Eliminating 50 million pounds of packaging material.
- Educating employees to reuse water and improve processes.
Policies
- Buying certified commodities.
- Reducing packaging material.
- Addressing child labor in the cocoa supply chain.
Programs
- Reducing our energy and GHG in manufacturing.
- Reducing the impact of our operations.
Answer:
A, it is prohibited
Explanation:
Under the U.S GAAP, subsequent reversal of a previously recognised intangible asset impairment loss is prohibited with the exception that the intangible asset is held up for the purpose of sale.
Cheers.
Answer: Full Disclosure Principle
Explanation:
The Full Disclosure Principle is a principle in Accounting that aims to be keep the relevant business information as transparent as possible. The principle therefore requires that all information relating to the business be disclosed so that the stakeholders in the business will be able to reasonably understand the operations of the business.
As only financial data can be reported in financial statements such as cash related activities in the Cashflow Statement, the principle requires that important noncash financing and investing activities be reported on the statement of cash flows or in a footnote so that the readers of the statement will not have any missing information.
