Us gaap or ifrs system

Assignment Help Accounting Basics
Reference no: EM1355595

Which is better for preventing or detecting fraud a rules based system like US GAAP or a principles based system like IFRS? Please provide the reasons for your opinion.

Reference no: EM1355595

Questions Cloud

Determine the risks faced by a reseller : Assume in six months' time the cost of a gallon of heating oil will either be $0.90 or $1.10. The current price is $1.00 each gallon.
Gaap for zero-interest-bearing note : Identify the authoritative literature that provides guidance on the zero-interest-bearing note. Use some of the examples to explain how the standard applies in this setting.
What speed does the arrow leave the bow : An archer puts a 0.33 kg arrow to the bowstring. An average force of 183 N is exerted to draw the string back 1.3 m. suppose that air resistance is negligible.
Intercultural business management and ethics : Research and find 2-4 articles related to the influence of culture on doing business in India, the Middle East, and/or Africa.
Us gaap or ifrs system : Which is better for preventing or detecting fraud a rules based system like US GAAP or a principles based system like IFRS? Please provide the reasons for your opinion.
Explain and suggest an equitable outcome : Explain and Suggest an equitable outcome from the movement that would be appropriate for our capitalistic society.
Collecting data during inital assessment process : Identify what information is important to collect during the inital assessment process to make a diagnosis and why. Expalain what methods can be used to collect the data or make ongoing assessment.
Avoiding losses through hedging or insuring : Note whether the following are ways to avoid losses through hedging or insuring, Lock in a $979.00 fare house for the holidays.
Why do you thing they each would work : Why do you thing they each would work. Illustrate what would the benefits of each action be besides emissions reduction.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Industries of selected securities

Recognize the industries of your six selected securities. (including BONDS)

  Determine the net income

MBA 640 Exam 1,  Spring 1, 2014,  Determine the net income for the month of December and for the month of June.

  Specific labour and overhead costs

What specific labour and overhead costs would be incurred, both before and after the split off point? Again, be specific here in terms of what you think would need to be incurred.

  Making a decision for warranty

Your roommate, Jill Blalock, purchased a new portable DVD player just before this school term for $80.

  Article analysis using macroeconommic indices

Conduct an analysis of recent article and provide their evaluation and outcome expectations in written paper of 1500-2500 words that discusses:

  Balance sheet and income statement of the company

A preliminary analytical review of the company's most recent balance sheet and income statement

  Production for direct materials and conversion costs

From this information, compute the equivalent units of production for direct materials and conversion costs for the month. Use the FIFO costing method.

  Unocrrected misstatements

Uncorrected Misstatement and Performance Materiality. Rivers, CPA is auditing the financial statements of Charger Company, a client for the past five years. During past audits of charger, River has only identified some immaterial misstatements (mo..

  Preparation of adjustment entries and balance sheet

The Chandler Corporation began business on January 2, 2007. It is now time for Chandler to prepare its financial statements for 2007. The bookkeeper at Chandler was able to complete the asset section of the balance sheet, but he needs your help to..

  Standards and materiality

If the standards are set in a process that often results in compromise between different parties, do the qualities of accounting information provide much value? How?

  What is the over or under absorbed overhead

How much overhead is allocated? What is the over/under absorbed overhead?

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

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