ADMS 3585 Study Guide - Balanced Scorecard, Canada Border Services Agency, John Wiley & Sons

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1: nature of financial accounting, definition of financial accounting. Efficient use of resources: capital allocation process. 7: objectives of financial reporting, role of acsb. 14: causes of subprime lending crisis, management bias. Adoption of ifrs: role of osc, definition of gaap, changing nature of the economy. 21: major factors in the reporting environment. Impact of technology on financial reporting: nature of the balanced scorecard , responsibility for financial statements, gaap for private enterprises, reporting principles. Answer d a c a d d c c a c b d d a d d b c d b d c a b a d d b a. The essential characteristic(s) of accounting is (are: communication of financial information to interested persons, communication of financial information about economic entities. c, all of these. identification, measurement, and communication of financial information. the preparation of financial reports.