what are the reasons financial accounting standards inspire or encourage political action and involvement dring the standard-setting process?

Q: Reputation of outcomes can play a role in the financial viability of an organization. Can you…

A: The financial growth and development of a corporation is an important objective and goal for a…

Q: How does using the accounting support fee to fund the FASB create more independence than using…

A: Answer:- FASB:- To establish and advance Generally Accepted Accounting Principles in the U.S. in the…

Q: What is the role of the Public Company Accounting Oversight Board?

A:

Q: Explain the difference between conservative and aggressive accounting practices.

A:

Q: What is the Machiavellian approach to decision making?

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

Q: distinguish between conservative and aggressive accounting;

A: Accounting is the process through which financial statement are recorded, analyzed, summarized and…

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: scuss the Financial Accounting Standard Board’s (FASB’s) Conceptual Framework Proj

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

Q: terms of the function of financial reporting, how do the IASB and FASB conceptual frameworks diffe

A: Financial Accounting Standards Board (FASB) is established with the sole responsibility to formulate…

Q: What are the ethical considerations in accounting theory, and how does it contribute to the…

A: Accounting theory refers to a structured framework of principles, concepts, and assumptions that…

Q: Setting accounting standards by the private sector is

A: The common law is developed on the basis of the particular case. It represents the development of…

Q: t is true or false Policy makers are pass laws and set fiscal and monetary policies?

A: The purpose of fiscal and monetary policy is to achieve- i) Full employment ii) High rate of growth…

Q: How can a broader conceptualization of accounts, accounting and accountability (the 3As), and the…

A: These 3As like Accounts, Accounting and Accountability are three different concept and it must be…

Q: What is the essence of sound financial management in an organisation.

A: Financial management is one of very important for any organisation and achieve the objectives of…

Q: What are the most important functions of the investment committee?

A: Investment committee is established by the organization for the purpose of making decisions related…

Q: Support for Politicization of rule making for accounting standards

A: The politicization of accounting rulemaking should not be viewed in a narrow sense. As accounting…

Q: Evaluate the ethical considerations in accounting theory and their impact on financial reporting…

A: Ethical considerations in accounting theory refer to the principles, values, and standards that…

Q: Discuss whether or not conventional accounting (IASB) framework undermines the presentation of…

A: Here discuss about the details of conventional accounting framework (IASB) which are whether to…

Q: Why is there a need for regulation of the financial system?  What are the objectives of the FMA and…

A: In order to direct savings and investment resources to the areas of the economy that need it most,…

Q: Describe some of the motives and mistakes made by the financial engineers?

A: Motives of financial engineers are discussed as follows: Financial engineers use quantitative…

Q: Which of the following statements about desirable attributes of accounting standards boards is most…

A: Accounting standards boards should not concede to political pressures because then it will not be…

Q: Do the conceptual frameworks of the International Accounting Standards Board and the Financial…

A: According to International Financial Reporting Standards (IFRS), the International Accounting…

Q: 'The policy instrument must be observable and measurable, it must be controllable by the Centra…

A: Policy instrument refers to the techniques that are used by the authorities of government or the…

Q: Discuss the implications of material errors on financial statements and the potential consequences…

A: An organization's reputation refers to the overall perception, opinion, and evaluation that…

Q: WHAT IS FINANCIAL REPORTING STANDARDS AND ENGAGEMENT STANDARDS? AND ITS CONNECTION WITH THE…

A: Financial reporting standards provides principle for preparation of financial reports and…

Q: Is there a connection between regulatory accounting and enterprise fund accounting

A: This is a set of accounting rules that only apply to a particular firm known as the RAP. Federal…

Q: Management accounting focuses on     internal reporting.     tax preparation.     auditing.…

A: Management accounting: Under this accounting includes providing the information related to the…

Q: hat is the authoorative status of the Conceptual Framework?   a. to provide the foundation for…

A: Answer: Concept: Conceptual framework deals with financial reporting.

Q: What does Financing mean?  What is involved in an organization's finances?  What does financing…

A: The process of obtaining cash or capital for any type of spending is known as finance. The handling…

Q: Explain the role of regulators in monitoring and enforcing ALM policies and limits. Describe how…

A: The Asset liability management reflects the function in the financial industries which will be…

Q: objective of financial management

A: Introduction: The term financial management refers to the process of planning, organizing &…

Q: Is the WACC set by investors or by managers and how (with theoretical concepts)?  Please provide…

A: The Weighted average cost of capital (WACC), which includes common stock, preferred stock, bonds,…

Q: " Accounting is shaped by , reflects , and reinforces particular characteristics unique to its…

A: The accounting system is considered to be the backbone of the nation's development as it will…

Q: Government places controls on the personal financial environment by use of Group of answer choices…

A: The personal financial environment refers to the part of finance that includes the investing and…

Q: why do Financial institutions need to be regulated  ?

A: Financial institutions are backbone of the economy and economic growth depend on the rules and…

Q: Explain the concept of fair value accounting and its application in financial reporting. Discuss the…

A: Fair value accounting is an accounting approach that values assets, liabilities, or other financial…

Q: Accounting  What is the responsibility of auditors in ensuring accurate financial reporting and…

A: An auditor is a professional who conducts an independent and methodical  examination of  fiscal…

Q: Financial Institution is defined as the institutional mechanism established by society to produce…

A: A company that renders financial services, for instance, an insurance company,a bank or an…

Q: The impact of COVID-19 on the efficiency of financial institutions?   can you provide…

A: COVID-19 has had a significant impact on the efficiency of financial institutions. The pandemic has…

Q: What is the significance accounting course to  “Governance, Business Ethics, Risk Management, and…

A: Answer: Accounting has been worldwide followed practice to record day to day transactions. It has…

Q: Why does the IASB’s Conceptual Framework consider the relevance and faithful representation to be…

A: Accounting concepts are formulated based on assumptions, rules, guidelines, and principles etc.…