How would management communicate to users its definition

Assignment Help Accounting Basics

Reference no: EM133654307

Question: Under modified accrual accounting, revenues are recognized when management defines them as available for paying current-period obligations. Management considers its definition of the term available to be essential to the financial statement users' understanding of revenues recognized on the statement. How would management communicate to users its definition of available?

Reference no: EM133654307

Questions Cloud

Mount shred even when the facility is closed during : Which of the following is a fixed expense (i.e. overhead) that must be paid by Mount Shred even when the facility is closed during the summer months

Share your thoughts on a real-time tool that is visual : In this problem, you will summarize the mission and goals of the EEOC. You will share your thoughts on a real-time tool that is visual and intuitive.

Is this disease a zoonotic disease : Describe any diseases that have been resurging after being successful in containing them? Is this disease a zoonotic disease?

How are these value changes reported : but the favorable leases are worthless. How are these value changes reported, if both represent changes in conditions occurring subsequent to the acquisition

How would management communicate to users its definition : financial statement users' understanding of revenues recognized on the statement. How would management communicate to users its definition of available

How should sheila respond to the supervisor : How should Sheila respond to the supervisor? Is it ethical for Sheila to mentor an employee away from a job in which she is successful?

Find the cause of health problems and outbreaks of disease : It keeps track of health trends, tries to find the cause of health problems and outbreaks of disease, and responds to new public health threats.

The revenues and related expenses by types of hotel guest : the labor cost only due to the labor intensity characteristic. the revenues by the number of rooms in a hotel. the revenues and related expenses by the types

What does deere do : What does Deere do? How do the financial statements reflect the different businesses Deere is in? Does Deere have any source of customer captivity

User Account

All Pages