SFAC No 5 defines disclosure as a Presentation of information in the financial

Sfac no 5 defines disclosure as a presentation of

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17.SFAC No. 5 defines disclosure as: a.Presentation of information in the financial statementsb.Presentation of information by means other than recognition in the financial statements XXXXXc.Recognition of information in the financial statements of footnotesd.Presentation of information in any source available 18.Protective disclosureandinformative disclosureare two types of disclosure as interpreted by the: 19.The system of disclosure largely in effect today is called: 20.The 10-K report filed annually with the SEC is basically aimed toward which of the following groups?
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21.Which of the following describes information overload? a.The inability of preparers to process and adequately report all the information that should be provided in financial reportsb.The inability of auditors to process and adequately attest to all the information that should be provided in financial reportsc.The inability of users to process and intelligently use all the information provided in financial reports XXXXXd.The inability of preparers, auditors, and users to process and adequately utilize all the information provided in financial reports 22.In attempting to increase the importance of financial reporting the Jenkins Committee has placed the most emphasis on which of the following areas? 23.The vehicle used by the Jenkins Committee for improving financial reporting is largely in which of the following areas? 24.Users questioned by the Jenkins Committee indicated that the single most important purpose the committee could accomplish was increasing the usefulness of: 25.Which of the following represents the principal theoretical issue underlying quarterly data? a.Whether an interim period should be viewed as a separate period standing on its own XXXXXb.Whether an interim period report should include balance sheet and cash flow statementsc.Whether quarterly earnings should be disaggregated by segments in terms of revenues, profit or loss, and segment assets.d.Whether interim reports should include income statement data and basic
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and fully diluted earnings per share numbers. 26.Which of the following is a recommendation of the Jenkins Committee? 27.Viewing each interim period as a separate period standing on its own is called: 28.Which of the following represents the approach to interim reporting favored by APB Opinion No. 28? 29.From a theoretical standpoint, which of the following represents the approach to interim reporting with the most validity? a.The integral view XXXXXb.Disjointed viewc.The discrete viewd.The linked view
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