PROBLEMS Problem 20-1 (IFRS)

Q: Define LIFO conformity rule.

A: Last-in-First-Out (LIFO): In this method, items purchased recently are sold first. So, the value of…

Q: How to draw a npv profile in excel

A: Net Present Value (NPV) is the technique used to discount the cash flows generated over the period…

Q: In general what are the 5 POS Features?

A: A point of sale (POS) system is a combination of hardware and software that allows businesses to…

Q: Discuss the different types of risks at risk management?

A: Events can have negative impact, positive impact, or both. Events with a negative impactrepresent…

Q: What is IFRS 9, why do we use IFRS 9 and provide some example were do we use IFRS 9.

A: When a company becomes a participant in the contractual requirements of an instrument, IFRS 9…

Q: Describe about the basic EPS.

A:

Q: Required:

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Explain how directmaterials standards and directlabor standards are set

A: Cost Standards: Cost Standards are prepared to analyze the variances between the actual and the…

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

A: The accounting standards of IAS are as follows:

Q: What is the PCAOB? Describe its mission.

A: Introduction:   Businesses must register with the PCAOB in order to audit brokers, dealers, and…

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: Explanation 1031 like-kind exchange

A:

Q: How to calculate Specification identification

A: Inventory is considered as the items that kept in a business for production or sale or production.…

Q: practical issues of wacc

A: Every entity uses a mix of equity and debt to fund its operations. This mix is recognized as the…

Q: c. The GIFMIS interfaces with a number of systems and sub-systems. A number of these systems and…

A: The abbreviation of GIFMIS is Government Integrated Financial Management Information System. It is…

Q: Define the term CQS Plan?

A: Introduction: Usually, stock exchanges such as the New York Stock Exchange operate as a forum where…

Q: 12 jsecurity analysis is sometimes referred to Select one: O ABC analysis GBY analysis CPI analysis…

A: The security analysis is the analysis of worth of the security, the time value of security and the…

Q: Which of the following control frameworks most closely corresponds to the phases of the SDLC?…

A: The question is asking us to identify which control framework aligns most closely with the phases of…

Q: Question One FRS for SMEs- Who can use it? Highlights of the Model(s)? Discuss key differences…

A: FRS for SMEs (Financial Reporting Standard for Small and Medium-sized Entities) is a financial…

Q: What are the functions of the PCAOB?

A: Introduction PCAOB stands for Public Company Accounting Oversight Board. This is a private…

Q: Illustrate the CDO Structure?

A: CDO is the abbreviation used for collateralized debt obligation. It is corporate based funanacial…

Q: Summarize what are the MACRS guidelines?

A: The MACRS (Modified Accelerated Cost Recovery System) is the current tax depreciation system in the…

Q: PFRS 15.

A: Definition: PFRS 15 - Philippine Financial Reporting Standards. It includes Philippine Accounting…

Q: FASB rules for research and development

A: solution FASB                 FASB stands for financial accounting standards board…

Q: Purpose of the Codification project.  Name some pros and cond

A: The answer is stated below:

Q: Discus the elements of GAAS, how does it relate to GAAP?

A: GAAS(Generally Accepted Auditing Standards) :- provides standards by which the prepared financial…

Q: Make 1 suggestion on how to improve NTT’s organization structure/situation?

A: A framework that specifies that certain tasks are guided in order to accomplish an organization's…

Q: how would you implement the SA8000 model in an organization?

A: SA8000 model :  This model is considered a Social accountability standard with the International…

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: 5 basic of pulic sector ethics

A: Ethics implies the arrangement of rules that the association ought to follow. While in business,…

Q: What 10 elements are included in the study of AIS?

A: Accounting information system (AIS) is a form of gathering, keeping and preparing financial…