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: 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: 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: why do managers of governmental and not for non profit organizations need to understand financial…

A: The main difference between government or non-profit entities and profit entities is their purpose.…

Q: How do the different schools of accounting thought, such as the normative, positive, and critical…

A: The function of accounting is to provide financial information about an organization's activities to…

Q: What are the measurement issues in the standard IFRS16? Which basis of measurement is allowed? Why…

A: (1) In the year 2016, The International Accounting Standards Board (IASB) published a standard on…

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: quality of accounting standards?

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

Q: Why is accounting said to be ‘political’ in nature? How can a conceptual framework help in the…

A: The concept of accounting was developed to record the economic transactions of the business…

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

A: Accounts is the individual’s personal account, real account and nominal account which is prepared to…

Q: Which of the following is a qualitative characteristic of financial information included in the…

A: Qualitative characteristics are metrics or attributes that are helpful in decision making while…

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: nship or differences between Accounting and accountability?

A: Accounting: Every business has various types of transactions like monetary, goods and services. To…

Q: To what extent are financial reports providing relevant and timely information to stakeholders?…

A: Given: The extent at which the financial provide information to stake holders and its improvements…

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: In terms of Accounting Theory: Part A - What are the symptoms of a regulatory system being public,…

A: Here discuss about the theories which are involved for public interest theory, regulatory capture…

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: 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: What can be defined as sufficiently important to influence decisions made by reasonable users of…

A: The financial statements are the statements that record all the transactions of the company. These…

Q: How do you think accounting standards should be set? Is that the approach currently taken by the…

A: Solution The most feasible way may be to be aware of both the politics of the environment and the…

Q: Explain why establishing accounting standards is characterized as a politicalprocess

A: The standard setting process is a political process that is affected by the impact of several…

Q: What are the different types of accounting theories, and how do they differ from each other? Discuss…

A: Accounting theories refer to the frameworks or models that explain and predict accounting practices…

Q: What does the conceptual framework intend to establish? a. the objectives and cocepts foruse in…

A: Accounting framework defines the rules and framework which depicts the rules, standards that were…

Q: on

A: Yes, cultural influences are likely to have an impact on accounting measurement or disclosure…

Q: How do accounting regulations and standards influence financial reporting, and what are some of the…

A: Accounting regulations and standards refer to a set of rules, principles, and guidelines that govern…

Q: Describe why financial management within an organization is such a difficult task and importance of…

A: Financial management (FM) means managing all the activities which are related to funds like…

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: Does financial reporting play a different function in the IASB and FASB conceptual frameworks? Exp

A: To design the Generally Accepted Accounting Principles (GAAP), the Financial Accounting Standards…

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.…

Q: In general, what is the conceptual framework that underlies accounting principles, and how  does it…

A: A conceptual framework can be defined as a system of ideas and objectives that lead to the creation…

Q: What is the difference between a conceptual framework and accounting standards ?

A: Standards: These are defined as the measurement criteria or benchmarks that are established for…

Q: fer from o

A: Revenue should be recognised when it is generated, not when it is received, according to the revenue…