Alternative performance measures need to stay in their proper place

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. What is an APM?

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

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

  4. What percentage of the FTSE 100 uses APMs?

  5. Which of these is not an argument for using APMs?

  6. Which of these is a concern over the prominence of APMs?

  7. Which of the following is not commonly included as an exceptional item?

  8. Which of the following statements are items proposed by the IASB? Statement 1: APMs should be reconciled to statutory figures, or Statement 2: APMs should be in the notes to the accounts, not more prominent than statutory figures

  9. Why did the SEC fine ADT?

  10. Which, if any, of the following statements is correct? Statement 1 - Facebook no longer produce an APM excluding employee stock compensation from its profits, or Statement 2 - Tesla no longer produce an APM excluding employee stock compensation from its profits