User Account

All Pages

How are liabilities subsequently measured

Assignment Help Accounting Basics
Reference no: EM133101113

Question - Create a tabular summary enumerating the major provisions of accounting standards for current liabilities, non-current liabilities and shareholders' equity- capital transactions and shareholders' equity -other equity transactions, including initial recognition, subsequent measurement, impairment and de-recognition provisions. You may use the questions below as guide questions.

Example for Current Liabilities.

1. What specific standard/s (PAS/PFRs) govern/s current liabilities?

2. In recognizing current liabilities, what are the items included (Consider the items under Current Financial Liabilities eg. Accounts Payable, Notes Payable etc.?

3. In recognizing current liabilities, what are the items excluded (Consider the items under Current Financial Liabilities eg. Accounts Payable, Notes Payable etc.??

4. How are liabilities initially recognized (Consider the items under Current Financial Liabilities eg. Accounts Payable, Notes Payable etc.?

5. How are liabilities subsequently measured (Consider the items under Current Financial Liabilities eg. Accounts Payable, Notes Payable etc.?

6. Discuss the impairment of current liabilities.

7. How are current liabilities derecognized?

8. What are the special considerations?

Reference no: EM133101113

Questions Cloud

What managers can do to positively affect employee morale : Describe situations and management practices that impact employee morale. Develop recommendations for what managers can do to positively affect employee morale.
What rate of return on my investments : At the end of each of the next 40 years, I'm going to put $20,000 in my retirement fund. What rate of return on my investments do I need
Three components of an ethical dilemma : The day before Rudy Gobert tested positive, he purposefully touched all themicrophones during a press conference poking fun at social-distancingprotocols.
Information about the ethical theory : Here you are providing the information about the ethical theory that you are using to arrive at the conclusion (thesis) of your position.
How are liabilities subsequently measured : How are liabilities subsequently measured (Consider the items under Current Financial Liabilities eg. Accounts Payable, Notes Payable etc
How to motivate employees in variety of ways : Senior leaders must understand how to motivate employees in a variety of ways. Research major motivational theories, and pick 3 theories to discuss.
Count the amount loss due to fire : The level of gross profit is 25% of the cost. Inventory with a selling price of $30,000 was not damaged in the fire. Count the amount loss due to fire
Diversity of sexual variation : Diversity of sexual variation from the perspective of normal abnormal continuum
What would be the PMT : Marikina offered you a loan of 5,000,000. The loan will be fully amortized over 5 years and the nominal interest will be 12%. What would be the PMT

Reviews

Write a Review

Accounting Basics Questions & Answers

  Analyze the situation and recommend a course of action what

analyze the situation and recommend a course of action. what should installation division managers do? what should

  Discuss tempe corporation''s capital structure consists

Tempe Corporation's capital structure consists of 50,000 shares of common stock. The December 31, 2016 account balances are listed below

  Calculate the break-even point in sales dollars

Calculate the break-even point in sales dollars. Calculate the sales (in dollars) that are needed to generate an operating income of $100,000

  Discuss convertible bonds

Worth's 2015 net income was $450,000 and the income tax rate was 30%. Worth's earnings per share for 2015 would be

  How long would it take to pay off his credit card

If Calvin made monthly payments of $220 at the end of each month, how long would it take to pay off his credit card

  Selected journal entries for the finney company

Selected journal entries for the Finney Company are presented in BE2-7. Post the transactions using the standard form of account.

  Journalize all entries required on the above dates

Jan. 1 Retired a piece of machinery that was purchased on January 1, 2000.The machine cost $62,000 on that date. It had a useful life of 10 years with no salvage value.

  What is flower basis in the property

What is Flower's basis in the property? Flower, who has an at-risk basis in a partnership of $75,000, receives a nonliquidating distribution property

  Wat are the three bs mentioned in the article the path to

1. direct vs step methodlist 2 advantages of using the direct cost allocation method over the step cost allocation

  Apply overhead to jobs using direct labor cost

XYZ Company applies overhead to jobs using direct labor cost as an activity. For the month of September, XYZ Company estimated it would use $13,600.

  On january 1 a company issued and sold a 400000 7 10-year

on january 1 a company issued and sold a 400000 7 10-year bong payable and recieved proceeds of 396000. interest is

  Prepare a tabulation showing the balance sheets of cloud

Prepare a tabulation showing the balance sheets of Cloud, of Tron, Intercompany Eliminations, and Consolidated Balances immediately after the acquisition.

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