cember 2020. ticulars

Q: How should AIG price CDS? use numerical example

A: CDS means Credit Default Swaps  Credit Default Swap is an Insurance that insurance sellers like AIG…

Q: Define forward contract.

A: It is a form of derivative contract which is used as an agreement

Q: Would you advise a 15-year loan to a buyer who could afford the additional payment over a 30-year…

A: Loans are used for buying home or car by the common man but there are interest to be paid on that…

Q: debt or liability that will take longer than 12 months to pay off is classified as a/an…

A: Solution: Liabilities are present obligations as a result of past events which requires outflow of…

Q: 8. operational plans are usually

A: Operations planning is the alignment of strategic goals and objectives to the technical goals.…

Q: lain 5C analysis for loan proc

A: Loans are a type of credit vehicle in which a sum of cash is lent to this other party in return for…

Q: Define continuing value

A: The question is based on the concept of valuation of firm. The continuing valuation method is also…

Q: List all the IAS and IFRS Standards and state thier objectives

A: The accounting standards of IAS are as follows:

Q: Define each of the following terms:d. FASB Statement 13; ASU 2016-02

A: Financial accounting standards board (FASB): This is the organization that creates, develops, and…

Q: Which FASB accounting standard(s) are next in line to converge with an IFRS standard?

A: As of my last update in January 2022, the convergence efforts between the Financial Accounting…

Q: Obligations payable within one year or one operating cycle, whichever is longer, are; Select one:…

A: Current liabilities: Liabilities which have to be paid  within one year or one operating cycle,…

Q: 1.) What is Target’s current ratio for 2020? 2019? Did it increase or decrease?  What does that tell…

A: To calculate Target's current ratio for 2020 and 2019, we'll use the formula:Current Ratio = Current…

Q: Where are you getting the Industry EPS from?

A: EPS refers to earnings per share. EPS is computed by dividing the net income of a company with its…

Q: How do I know if I need to convert an APR to an EPR or not?

A: The APR stands for the annual percentage rate. It is the rate of return earned on any investment. It…

Q: 12. The assumption of a stable interest expense per year is inherent under which of the following…

A: Bonds are a form of debt taken or loan taken by the company, on which it has to pay regular interest…

Q: Discuss the implementation process or stages of GIFMIS In Ghana

A: The Gold Coast Integrated money Management system (GIFMIS) are disbursed in 156 metropolitan, town…

Q: Evolution of XBRL for the past 10 years

A: XBRL (extensible Business coverage Language) may be a freely obtainable and world framework for…

Q: Under a 75% LTV term loan structure, when is the balance of funds released by the lender to the…

A: Borrowing to purchase an asset: An asset can be purchased by taking a loan from a financial…

Q: 2. credit terms :5, 1/15, n/45. When will be the maturity period if sold Feb 19?

A: solution concept credit term :5,1/15,n/45  means that if the amount is paid within 15 days from date…

Q: DEFINE Advanced Forecasting, Inc. (AFI)

A: Advanced Forecasting, Inc. (AFI) was founded in 1987 and the headquarter is located at Saratoga, CA.

Q: What is EPS and how is it calculated?

A: EPS is referred to as earning per share and is defined as portion of company's profit allocated to…

Q: Define maturity value

A: Maturity date: Maturity date is the due date on bond. On due date, the issuer is supposed to pay the…

Q: annual pay All of them

A: Loan are given to clients to pay the loan back by periodic equal payments.

Q: Define time period concept.

A: Accounting principle: These are the guidelines which are to be applied while preparing the…

Q: Long-term liabilities are obligations due for a period of time greater than one year. Select one: O…

A: Long term liabilities are financial obligations that will be due beyond a year . In others words…

Q: What is Minimum Subscription?

A: Issuance of stock:It refers to the number of shares that are sold to the stockholders from number of…

Q: Define regular interest

A: The investment in securities like bonds, investors receive interest which is either accrued or…

Q: Make a list and indicate the titles and descriptions of the current IASs and IFRSs .

A: List of International Financial Reporting Standards (IFRS) IAS 1 Presentation of Financial…

Q: ne loans which are to be repaid within a short O a. Fixed liabilities b. Long-term liabilities C.…

A: Ans. Liabilities can be of many types - i. Current Liabilities  ii. Non-current Liabilities iii.…

Q: Describe the support for, and the use of:  IFRS accross countries  GAAP accross countries

A: International Financial Reporting Standards (IFRS) are a set of accounting standards that govern by…

Capital Gain

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that basis, the rate of taxation is decided if it is 20%, 15% or according to the tax brackets. The rate of taxation differs in the case of equity or debt, whether long or short term. The capital gain can be adjusted from capital loss to arrive at a net capital gain. The amount of gains and the exemption has to be reported in the tax return filed in the financial year in which the asset was transferred. The tax return can be filed quarterly, monthly, semi-annually or annually.