User Account

All Pages

Financial accounting standards board

Assignment Help Business Management
Reference no: EM133153628

The Financial Accounting Standards Board (FASB)'s Conceptual Framework presents five acceptable measurement attributes for financial reporting:

Historical cost

Replacement cost

Current market value

Net realizable value

Present value

Even though all of these measurement attributes are acceptable for financial reporting purposes, most of the financial statements elements are measured by historical cost.

Write an academic paper that compares the validity and reliability of historical cost to the other measurement attributes. Your paper should include discussion of:

The qualitative characteristics of each measurement attribute, including a definition and examples.

The assumptions related to various measurement attributes.

Your opinion on whether using historical cost has positive or negative effects on the informational value of a company's financial reporting.

Reference no: EM133153628

Questions Cloud

Tools and techniques used by managerial consultants : Consider the various tools and techniques used by managerial consultants discussed in Chapter 19.
Gaap and ifrs regarding accounting and reporting for equity : Discuss similarities and differences between U.S. GAAP and IFRS regarding Accounting and reporting for equity.
Different unpleasant and undesirable alternatives : Businesses often face difficult situations where they must choose between different unpleasant and/or undesirable alternatives.
Company total noncurrent liabilities for the fiscal year : What was the company's total noncurrent liabilities for the fiscal year? What was the company's total operating expenses?
Financial accounting standards board : The Financial Accounting Standards Board (FASB)'s Conceptual Framework presents five acceptable measurement attributes for financial reporting
Definition of costing method-full or absorption costing : What is the definition of each costing method? Discuss how, when, and if the costing method could be used by EEC.
Pros and cons associated with potential acquisition : Which costs would be utilized in making the decision to purchase the asset? List and discuss the pros and/or cons associated with this potential acquisition.
How is the internal rate of return calculated : How is the internal rate of return calculated? Explain how it supports a capital business decision versus the NPV model.
Understanding about debit and credit balances : As you are trying to identify the intern's level of knowledge and understanding about debit and credit balances, the intern says,

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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