User Account

All Pages

Critically discuss the importance of IASB constituting

Assignment Help Accounting Basics
Reference no: EM132921472

Question - IASB's Revised Conceptual Framework - In March 2018, the IASB published its revised conceptual framework (CF), with notable changes made on chapters relating to the objective of financial reporting and on qualitative characteristics [IASB, 2018].

It is noted that IASB has given more emphasis on stewardship (as part of the decision usefulness objective), reintroduced prudence (as an aspect of neutrality) and introduced a tolerable level of measurement uncertainty for reliability (as part of faithful representation) [IASB, 2018; Pelger, 2020].

Required -

i) Critically discuss the importance of IASB constituting and manifesting the major changes in the CF2018.

ii) Explain how the identified changes have impacted the qualitative characteristics of useful financial information.

Reference no: EM132921472

Questions Cloud

How has the macroeconomy been affected by covid-19 : How has the macroeconomy been affected by covid-19? And how does this turn to affect the aviation industry in Australia?
Summarising of relevant articles : Critical reflection of their personal learning process - Your notes will serve as a reminder of which sections you personally contributed to, what you learnt
What is a platform ecosystem : What is a Platform Ecosystem? Replicate a platform ecosystem for any Virtual Meeting System Marks (10) of your choice. Justify your choices with brief arguments
How much money will you have in your savings account : If you invest $25,582 today at an interest rate of 3.5 percent, compounded annually, how much money will you have in your savings account in 28 years
Critically discuss the importance of IASB constituting : Question - IASB's Revised Conceptual Framework - Critically discuss the importance of IASB constituting and manifesting the major changes in the CF2018
What impact does tourism have on environmental quality : Tourism is not only a powerful economic force but a factor in the physical environment. After all, the environment is the core of the tourism product. As with m
What are some of the advantages of process : B.R Products is a manufacturing company of several product lines. Medical devices, robotics, hospital specialty items are just a few of the products that this c
An event risk management plan-triathlon race : Jump Promotions, a triathlon promotions company, is planning a triathlon race on the Clark Field Pampanga t over the holiday period. The race will host some of
What is the financial transaction worksheet : Dec. 30 Purchased one used biiliard table from another billiard hall, paying P6,000 cash. What is the financial transaction worksheet of the above questions

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd