Explain the IAS-10 (Events after reporting period).

Q: Discuss briefly the definitions,objective and scope of all IAS and the IFRS standards

A:

Q: Answer the below questions using the FASB Codification. Make sure that you properly cite the ASC…

A: According to ASC 410-20-25-1, an Asset Retirement Obligation (ARO) is a legal obligation associated…

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

A: The accounting standards of IAS are as follows:

Q: Describe the mission of the FASB.

A: Financial Accounting Standards Board (FASB): FASB is an independent 7 member board, of accounting…

Q: of any Two updated IFR

A: The field of financial reporting in India has seen major changes in the last 5 years. As the trade…

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: How are FASB preliminary views and FASB exposure drafts related to FASB “statements”?

A: Financial accounting standards board (FASB): The FASB is an independent, designated, and non-profit…

Q: List all the IAS and IFRS Standards, discuss briefly their definitions, thier objective and their…

A: The Accounting standards are the set of principles and procedures to be compulsorily adopted by the…

Q: Explain how to set the date of the first adoption of IFRS and first reporting date in accordance…

A: The International Financial Reporting Standards (IFRS) were developed to ensure that accounting…

Q: describe a spectrum for assessing fi nancial reporting quality;

A: A quality spectrum provides a basis for evaluating quality reports and ranges from reports that are…

Q: Describe the mission of the IASB.

A: The International Accounting Standards Board (IASB) is an independent, private-sector body that…

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: describe the roles of fi nancial reporting and fi nancial statement analysis;

A: Financial reporting means representing records maintained by an organization in the form of…

Q: Explain Change in Reporting Entity.

A: A reporting entity is an entity whose general-purpose financial report is used by its users to have…

Q: Description Referencing the FASB codification, determine the topic, subtopics, and sections of the…

A: Refers to the accounting standards and guidelines for measuring and recording inventory, accounts…

Q: What documents constitute the AP packet? Whatevidence does each document provide?

A: An organization should record a liability in its books of accounts based on the invoice amount after…

Q: can you give me scope, objective, accounting issues, measurement, disclosures about The IFRS for…

A: The International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs)…

Q: The following are the data taken from the book of KenGied Tailoring Shop for the year ended December…

A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…