收支平衡图(Break-even chart) 名词解释
A.the target
B.the budgeted revenue
C.a target net income
D.a target cost
(i) The product mix ratio
(ii) Contribution to sales ratio for each product
(iii) General fixed costs
(iv) Method of apportioning general fixed costs
Which of the above are required in order to calculate the break-even sales revenue for the company?
A.All of the above
B.(i), (ii) and (iii) only
C.(i), (iii) and (iv) only
D.(ii) and (iii) only
A task-oriented family tree of activities is a:
A.Detailed plan.
B.Linear responsibility chart.
C.Work breakdown structure.
D.Cost account coding system.
E.Work package description.
Miss Mary Smith goes to work always with a raincoat because ______.
A.the weather often changes
B.she likes to do so
C.she has to walk home after work
D.it always rains when it's time to go home
4 The transition to International Financial Reporting Standards (IFRSs) involves major change for companies as IFRSs
introduce significant changes in accounting practices that were often not required by national generally accepted
accounting practice. It is important that the interpretation and application of IFRSs is consistent from country to
country. IFRSs are partly based on rules, and partly on principles and management’s judgement. Judgement is more
likely to be better used when it is based on experience of IFRSs within a sound financial reporting infrastructure. It is
hoped that national differences in accounting will be eliminated and financial statements will be consistent and
comparable worldwide.
Required:
(a) Discuss how the changes in accounting practices on transition to IFRSs and choice in the application of
individual IFRSs could lead to inconsistency between the financial statements of companies. (17 marks)