Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Enumerate the characteristics of accounting information
Qualities, or characteristics, which have just been depicted would help us to decide whether accounting information is potentially useful. If a specific piece of information has these qualities then it may be useful. Though, this doesn't automatically mean that it must be reported to users. We also have to determine whether information is material, or significant. This means that we must ask whether its misrepresentation or omission in the accounting reports would really alter the decisions which users make. Hence, in addition to possessing characteristics mentioned above, accounting information should also cross the threshold of materiality. If information isn't regarded as material, it must not be included within the reports as it would simply clutter them up and, possibly, interfere with the users' ability to interpret financial results. Type of information and amounts involved will generally conclude whether it is material.
Consider an asset that cost 100000 to acquire and has an estimated salvage value of 20000. The assets is to be depreciated over four years. At the end of four years, the asset is s
Q. Business risk in company? Business risk is the likelihood of a company experiencing changes in the level of its profit before interest as a result of changes in turnover or
Does a state have the authority to require a U.S.-based multinational corporation to compute its state taxable income on a worldwide combined reporting basis? What about a foreign-
Mr. Inherits 30000. Decides to open a salon jj salon. On 1/4/2016 commits 10000 to the business Opens an a/c in the bank What will be the money under capital in his books on 1/4/10
Q. Explain about Financial Accounting Standards? Financial Accounting Standards - Official promulgations, also called STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS, by FINANCIAL
Company A subsequently sells 60% of the voting interest in Company S for $900,000. The fair value of Company A's retained interest of 10% in the voting stock in Company S is $120,0
brigham problems
capital budgeting
A village ordered supplies for its Fire Department at an estimated cost of $16,700. The supplies were received with an invoice for $16,800. The village accepted the shipment and th
DO ACCOUNTANTS EVER REALLY MAKE IMPORTANT DESIONS?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd