Sugar-coating performance measures

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. Which of these is the correct definition of a MPM?

  2. Which of the following statements about MPMs is true?

  3. Which of the following describes a problem with MPMs?

  4. What was the controversial MPM used by some during the pandemic?

  5. Which body recently issued a warning to companies over their use of MPMs?

  6. Of the sample of 20 listed companies, how many showed MPMs that increased profit?

  7. In which project does the work on management performance measures sit within the IASB workplan?

  8. Which of the following statements are items proposed by the IASB? Statement 1 - MPMs should be reconciled to statutory figures, or Statement 2 - Management should explain why the MPM shows a view of management's performance

  9. Who is responsible for the regulation of alternative metrics in US-listed companies?

  10. Which, if any, of the following statements is correct? Statement 1 - Management will be required to explain why the MPM is useful for the users, or Statement 2 - Management will be exempt from reconciling the MPM to statutory figures if doing so would disclose confidential information

1 Unit