Worldatwork Exam T7 Topic 2 Question 2 Discussion

Actual exam question for Worldatwork's T7 exam

Question #: 2
Topic #: 2

Level 2 of the conceptual framework of International Accounting Standards Board (IASB) identifies qualitative characteristics of accounting information. These characteristics distinguish more useful information from less useful information.

To what end is this distinction useful?

AFor reporting purposes

BFor business strategy

CFor decision-making purposes

DFor organizational vision

Show Suggested Answer

Suggested Answer: C

by Deonna at May 09, 2022, 04:38 PM

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