Explain what is included in Form 10-Q and why is it needed.

Q: uestions below

A: Compound interest is used in case of lump-sum money accumulates in the future if interest is charged…

Q: Describe the purpose of the AICPA. What is the AICPA’s primary function?

A: The American Institute of CPA (AICPA) is a non-profit organization of Certified Public Accountants…

Q: Discuss and give examples on tje 3 fundamental information system objectives

A: Accounting Information System: The system which helps to gather, store and process the accounting…

Q: uisitions? Identify t cors and discuss em

A: Introduction : The core source of value destruction in an acquisition is due to entranced managers.

Q: se answer this

A: Step 1 An income statement is a financial statement that depicts the entity's income and…

Q: NEED ASAP

A:

Q: What functions does the FASB perform?

A: FASB :                          FASB is defined as "The Financial Accounting Standards Board" is a…

Q: Define declaration date

A: Answer: Declaration data is nothing a date the dividends are declared. This is usually done first…

Q: Read and interpret anincome statement.

A: It shows the income generated by the company.

Q: What are the elements of control identified by IFRS 10? Illustrating the point using examples. a.

A: IFRS 10 is about Consolidated Financial Statements. It outlines the requirements for the preparation…

Q: Explain the politics in standard setting.

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

Q: date?

A: The FASB issues an Accounting Standards Update (Update or ASU) to communicate changes to the FASB…

Q: understandable. ncial statements that are fa nat they nurnort to renreser

A: Financial Statement: It is the statement that consists of the trial balance, income statement, and…

Q: Explain the purpose of IFRS for SMEs and how it differs from full IFRS.

A: IFRS or International Financial Reporting Standards are the guidelines of accounting given by the…

Q: Need help on A to C

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Define Contingencies.

A: Uncertain events refer to uncertainty regarding the occurrence of an event or the data values…

Q: Explain FLSA and its purpose.

A: FLSA stands for fair Labor Standards Act. It is an act that aims at protecting the interest of…

Q: Define Hedging.

A: Hedging is the transfer of risk from a risky financial instrument to another instrument by buying or…

Q: Match the terms with the definitions.

A: Introduction: Accounting: Accounting is an art of recording , classifying , summarising and…

Q: describe the steps in the fi nancial statement analysis framework.

A: Introduction: The analysis of financial statements refers to the method of reviewing and evaluating…

Q: What is full form of PBGC? Describe about it.

A: PBGC means Pension Benefit Guarantee Corporation. This corporation is a federal agency created by…

Q: Please help on parts d,e and f.

A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…

Q: Please provide solution and explanation

A: Lease agreement The purpose of lease agreement is to use the assets of the lessor by the lessee for…

Q: Explain an example of source documents.

A: Source documents: The documents which contain evidence of accounting data to record the transactions…

Q: Please help on parts d, e and f.

A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…

Q: Describe the primary roles of the PCAOB.

A: PCAOB indicates to a non-profit organization stated in US and set up by Sarbanes-Oxley Act in…

Q: In detail please

A: Accounts receivable:  It is a current asset of an organization. It is the amount due from customers…

Q: . Identify the relevant control to address each WCGW. Answers should be in not less than three…

A: WCGW is an acronym and stands for what could go wrong, it is the outcome in the negative sense in…

Q: Define FIFO method

A: FIFO stands for , First in first out method , is an asset management and valuation method in which…

Q: What is the importance of a Form 8-K? What is the importance of a proxy statement?

A: Importance of a Form 8-K:   Form 8-K is issued by a company when there is something unique or…

Q: Prepare SFP

A: Financial statement means the trading and profit and loss account and balance sheet of the company…

Q: ries for

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Explain how a Requirements Breakdown Structure (RBS) is typically constructed. What information does…

A: Necessities are conditions or assignments that should be tended to and finished to be acknowledged…

Q: What Is Section 1031? A brief explanation on this?

A: Answer : Section 1031 Provision of Internal Revenue Code Allows the Owners of Investment Property…

Q: What does the IAS 2 explains?

A: The answer is provided as follows:

Q: Explain the objectives of FIFO method.

A: First-in-First-Out: In First-in-First-Out method, the costs of the initially purchased items are…

Q: Define Source documents.

A:

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: Please assist with the questions (d) and (e)

A: The term work-in-progress (WIP) is a production and supply-chain management term describing…

Q: state and explain six factors that make information useful

A: Accounting information provides a base for the user in decision making. The information provided…

Q: Read and interpret abalance sheet.

A: A balance Sheet or statement of financial  position shows the list of assets, liabilities and equity…

Q: what is posting system in detail ?

A: Accounting is a tool of recording, summarising and analysing the financial transactions and events…

Q: What do you understand by IFRS?

A: Financial reporting: Financial reporting is a process of preparing reports which disclose financial…