Briefly describe the deemed cost exemption to retrospective application at first-time adoption of IFRS.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
The deemed cost exemption to retrospective application allows companies to mea...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0470616314
IFRS edition volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Question Posted:
Students also viewed these Accounting questions
-
Open IFRS1, First Time Adoption of International Financial Reporting Standards. a. Which authority does this replace? b. Briefly summarize the introduction to paragraph 4.
-
Briefly explain the need for an IFRS on first-time adoption of IFRS.
-
Briefly describe the required exemptions to retrospective application at first-time adoption of IFRS.
-
Approximately 8.33% of men are colorblind. You survey men from a large population until you find one who is colorblind. a. Explain in words what X is in this situation and what values it can take. b....
-
Suppose the information portion of a packet (D in Figure SA) contains 10 bytes consisting of the 8-bit unsigned binary ASCII representation of string "Link Layer." Compute the Internet checksum for...
-
Predict the major product that is obtained when the following alkyl halides is treated with potassium terf-butoxide. Explain your reasoning. OCH CH CHI
-
Game performance of water polo players. The journal Biology of Sport (Vol. 31, 2014) published a study of the physiological performance of top-level water polo players. Eight Olympic male water polo...
-
The shareholders' equity portion of the balance sheet of Sessel's Department Stores, Inc., a large regional specialty retailer, is as follows: Disclosures elsewhere in Sessel's annual report revealed...
-
what will be the monthly payment on a loan of 543 amortized over 24 years at an annual interest rate of 20%?
-
Zane Perelli currently has $100 that he can spend today on polo shirts costing $25 each. Alternatively, he could invest the $100 in a risk-free U.S. Treasury security that is expected to earn a 9%...
-
What are three elective exemptions to retrospective application at first-time adoption of IFRS?
-
If a company elects the deemed cost exemption, must it continue to use revaluation accounting subsequent to first-time adoption? Explain.
-
This problem considers oxidation of glucose as a model carbohydrate. (a) In the human body glucose is typically metabolized in aqueous solution. Ignoring the enthalpy change due to dissolving glucose...
-
Your company has a Microsoft 365 E5 subscription. You need to review the Advanced Analysis tab on emails detected by Microsoft Defender for Office 365. What type of threat policy should you...
-
(a) The Bright company is evaluating a project which will cost Rs 1,00,000 and will have no salvage value at the end of its 5-year life. The project will save costs of Rs. 40,000 a year. The company...
-
Dispatcher Collins is retiring after 30 years on the job. If each of the 38 officers in the department contributes $9 for a retirement gift, what is the total amount that could be spent on this gift
-
XYZ CO Adjusted Trial Balance Debit Credit Cash Accounts receivable Office supplies Prepaid rent $ 40 850 1 490 1 530 4 000 Office equipment Accumulated Depreciation Accounts payable 7 000 $ 450 1...
-
What positive outcomes could result from implementing job enlargement, job rotation, and job enrichment in an organization with which you are familiar? What objections or obstacles might be...
-
In your opinion, did the new owners take any illegal action? Is there evidence of crime in this scenario? (Appendix)
-
Baxter, Inc., owns 90 percent of Wisconsin, Inc., and 20 percent of Cleveland Company. Wisconsin, in turn, holds 60 percent of Clevelands outstanding stock. No excess amortization resulted from these...
-
The \(i-v\) characteristic of the active circuit represented by Figure P \(3=4 \underline{8}\) is \(5 v+500 i=100\). Find the output voltage when a 100- \(\Omega\) resistive load is connected. 10 mA...
-
Presented below are two independent situations related to future taxable and deductible amounts resulting from temporary differences existing at December 31, 2022. 1. Mooney Co. has developed the...
-
Maria Rodriquez and Lynette Kingston are discussing accounting for income taxes. They are currently studying a schedule of taxable and deductible amounts that will arise in the future as a result of...
-
On December 31, 2022, Sterling Bank enters into a debt restructuring agreement with Barkley plc, which is now experiencing financial trouble. The bank agrees to restructure a 12%, issued at par,...
-
Jayelle took six courses last semester. Her grades and course credits are as follows:Course Grade CreditsFinance B+ 4Statistics C 2General Education B+ 3Macro Economics B 3Cost Accounting B 4Computer...
-
Mr Eugene holds a five-year, 10%, ksh100, 000 bond. Determine the value of this bond if the cost of capital is: i. 10%
-
Exercise Effects of transactions on the accounting equation.CHECK FIGURE: Mailin Moon, Capital = $13,650Mailin Moon is a freelance writer who submits articles to various magazines and newspapers. She...
Study smarter with the SolutionInn App