A common set of country-neutral accounting standards is known as International Financial Reporting Standards
Indicate whether the statement is true or false
TRUE
Explanation: Outside the United States, other countries have their own accounting standards, which may differ from GAAP. Recently, there has been a movement toward international convergence of accounting standards. Most other countries are beginning to accept a common set of country-neutral accounting standards known as International Financial Reporting Standards.
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Explain the advantages of systems selling
What will be an ideal response?
You are the high-level manager of a growing software company. One of your products, a new software program, is highly anticipated by many potential customers
However, you discover that the software has a major bug that will require upgrades and revisions later down the road. Rather than hiding the truth, you decide to speak up and disclose the software's ?aw to your customers. Since your goal is to have customers buy from you in the future, what kind of concern did you address? A) Legal. B) Ethical. C) Practical. D) None of the above.