What is External Reporting
Interactive Video
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Business, Biology
•
University
•
Practice Problem
•
Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of external reporting for companies?
To enhance employee satisfaction
To provide stakeholders with internal commitments and goals
To increase company profits
To reduce operational costs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why was there a need for a common framework in external reporting?
To improve employee morale
To increase company profits
To allow comparison between different company reports
To reduce the length of reports
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which initiative is traditionally used for Corporate Social Responsibility reporting?
Global Reporting Initiative (GRI)
International Accounting Standards Board (IASB)
International Financial Reporting Standards (IFRS)
Generally Accepted Accounting Principles (GAAP)
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the CDP focus on in its reporting?
Climate, water, and supply chain performance
Only climate performance
Only financial performance
Only social performance
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did companies traditionally handle social and environmental information in reports?
By highlighting it in the main report
By burying it in the notes
By excluding it entirely
By making it the focus of the report
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