t is creative accounting and how does it work? Provide three common  techniques of creative accounting. Why creative accounting could be a blessing or  a curse? Why should investors be cautious of the companies that could have  practice creative accountin

Q: What’s with disclosure? How helpful do you think it is for users of financial statements? Who…

A: Disclosure is the process of making information or facts about the company, mostly financial…

Q: quality of accounting standards?

A: Accounting standards determine thee accounting information must have relevance, must be reliable and…

Q: What is an externality, and why do financial accounting practices typically ignore externalities?

A: Externality is the benefit or the cost caused through the producer that is not incurred financially…

Q: “Management accounting should not fit the straitjacket of financial accounting.” Explain and givean…

A: Financial accounting is concerned primarily with the financial data related to an organization…

Q: Is accounting a trustworthy profession? How would you know whether it is or is not?

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: It has been suggested that not all accounting choices are made by management in the best interest of…

A:

Q: When is revenue recognized by service provider? By a merchandiser? By a manufacturer? Differentiate…

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

Q: Why should you as accounting student need to understand normalization

A: Normalization techniques are important because they help in proper storage of data by eliminating…

Q: Economic consequences of accounting standard-setting means: a.    standard-setters must give first…

A: Answer:   Option d.

Q: Which statement is false? a. Management accounting makes use of both quantitative and qualitative…

A: Management accounting and financial accounting are two different spectrums of the broader field of…

Q: Explain what is meant by adverse economic consequences of new or changed accounting standards.

A:

Q: answer these questions: step 1; Why do managers/accountants need to behave ethically? Explain.  Step…

A: Why do managers/accountants need to behave ethically? Explain.  Managers and accountants need to…

Q: What is meant by the term fresh start accounting ?

A: Fresh start accounting: After emerging from the Bankruptcy business adopts a fresh start.

Q: Use your own word to explain heuristics  and In a business context,how would heuristics lead to poor…

A: Heuristic approach:   Heuristic approach refers to a problem-solving approach that considers…

Q: What are some of the costs of providing accounting information? What are some of the benefits of…

A: Accounting information: A procedure or system that collects information related to money related…