Solution-How are liabilities subsequently measured

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

User Account

All Pages

How are liabilities subsequently measured

Reference no: EM133101113

Reference no: EM133101113

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT