Financial accounting theory

Assignment Help Financial Accounting
Reference no: EM13291095 , Length: 2500 Words

Financial accounting theory

Required in proper referencing thorough Harvard or APA

"International Financial Reporting Standards (IFRS) are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries. They are a consequence of growing international shareholding and trade and are particularly important for companies that have dealings in several countries. They are progressively replacing the many different national accounting standards. The rules to be followed by accountants to maintain books of accounts which is comparable, understandable, reliable and relevant as per the users internal or external".

Based on the above statement, Students are required to do research and write an essay of 2500 words (with proper references) which demonstrates their understanding about the Topic, outline the justifications and controversy of IFRSs. Journal Articles, Newspapers, Magazines and Websites will be valuable sources of information for this assignment

Verified Expert

Reference no: EM13291095

Questions Cloud

Find the generator current and transmission line current : Consider two three-phase transformers, the first transformerhas a delta connection on its primary side and a wye connection onits secondary side; whereas, the second transformer has a wyeconnection on its primary side and a delta connection on its..
What the cost of equity for ajax using dividend valuation : The expected risk-free rate of interest is 2%, and the expected market premium is 5.5%. The company's beta is 1.2.
Explain what is the specific heat of liquid water : What is the specific heat of liquid water, written with correct units? Refer to Table 5.2 or Appendix B in your textbook, or your lecture notes.
Discuss shortcomings in the research methods used or in the : Discuss shortcomings in the research methods used or in the presentation of the results. Are there other questions that you would like to see answered but which were not addressed in this article?
Financial accounting theory : International Financial Reporting Standards are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries - outline the justifications and controversy of IF..
Calculate the capacitive reactive power of capacitor bank : A power factor correction capacitor bank, with negligible resistance, draws a current of 625 amperes whenconnected to its 480 VAC, 60 Hz source. Calculate the capacitive reactive power of the capacitor bank.
Distinguish between operating leases and financial leases : Distinguish between operating leases and financial leases. Would you be more likely to find an operating lease employed for a fleet of trucks or for a manufacturing plant.
Determine required series resistance r for zener diode : A student designs a zener shunt regulator to produce a regulatedoutput of 10 V using a zener diode specified to have a 10V drop ata test current of 25mA. Incremental resistance of the zener is 10ohm and minimum diode current =2mA.
Explain the heat change of the system : When the surroundings absorbs heat, is the heat change of the system (qsystem) positive or negative

Reviews

Write a Review

Financial Accounting Questions & Answers

  Differences between equity and debt financing

Explain the major differences between equity and debt financing, and discuss the primary ways in which each would affect the future of the partners' business.

  Evaluate the retained earnings on december

Evaluate the retained earnings on December 31, 2005, and 2006

  Find the total sales-quantity variance

The XTRA Appliance Manufacturing Corporation manufactures two vacuum cleaners, the Super and the Standard - Find the total sales-quantity variance in terms of budgeted contribution margin?

  Calculation of total variable cost

Calculation of total variable cost and contribution income statement - Assume the same unit costs in all years. Total variable costs on the company's 2007 contribution income statement will be?

  Determine bemis''s internal control system

Evaluation of Internal Control criteria and determine Bemis's internal control system and indicate which principles of internal control appear to have been ignored

  Show what potvin will report for the foregoing on its income

The company will pay these amounts early next year. Show what Potvin will report for the foregoing on its income statement and year-end balance sheet.

  Determine the firm''s cost of retained earnings

Determine the firm's cost of retained earnings and the cost of new common equity. and If Dempere's after-tax cost of debt is 8%, what is the WACC with retained earnings? With new common equity?

  What amount is owed to pacific by riva

Computation of cash collection from notes - What amount is owed to pacific by Riva Co. for September collections plus accrued interest on the note to September 30?

  Show calculation of the amount of the gain or loss

Show the calculation of the amount of the gain or loss to be recognized by rogers. Prepare all entries that are necessary on april 3rd 2013.

  Explain balance sheet presentation of the fair value

Explain balance sheet presentation of the fair value adjustment for Perry’s short-term investment.

  What are the components of the proceeds that are assumed

If executive stock options or restricted stock are outstanding when calculating diluted EPS, what are the components of the "proceeds" that are assumed to be available for the repurchase of shares under the treasury stock method?

  Prepare statement of owners equity for the month of april

April 1 Nozomi invested $47,000 cash and computer equipment worth $30,000 in the company. 2 The company rented furnished office space by paying $1,700 cash for the first month's (April) rent. 3 The company purchased $1,600 of office supplies for cash..

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!

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