What should an entity do in relation to an item if there is no applicable international standard
Question:
What should an entity do in relation to an item if there is no applicable international standard or interpretation?
(Appendix)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Financial Accounting And Reporting
ISBN: 9780077138363
2nd Edition
Authors: John McKeith, Bill Collins
Question Posted:
Students also viewed these Business questions
-
(a) Explain how an entity should select its accounting policy in relation to an item if there is no applicable international standard or IFRIC Interpretation. (b) In what circumstances may an entity...
-
(a) In what circumstances may an entity change one of its accounting policies? (b) Explain how an entity should select its accounting policy in relation to an item if there is no applicable...
-
Patrick HAYDEN and Melissa Hayden, on behalf of their minor child, A.H., Plaintiffs-Appellants, v. GREENSBURG COMMUNITY SCHOOL CORPORATION, et al., Defendants-Appellees. No. 13-1757.Decided: February...
-
Compute for the fringe benefits tax due in the following scenarios. During 201A, Alpha Corporation gave the following fringe benefits to its employees: Salaries to rank and file employees P1,000,000...
-
Before calculating a correlation coefficient or a regression equation, it is always important to examine a scatter diagram between two variables to see how well a straight line fits the data. If a...
-
This is an aging schedule for Cain Company: At December 31, 2001, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $10,000. Instructions (a) Journalize and post the adjusting...
-
The Gallup Organization surveyed 1,252 debit cardholders in the United States and found that 180 had used the debit card to purchase a product or service on the Internet (Card Fax, November 12,1999)....
-
Vail Resorts, Inc., owns and operates five premier year-round ski resort properties (Vail Mountain, Beaver Creek Resort, Breckenridge Mountain, and Keystone Resort, all located in the Colorado Rocky...
-
Assume for questions 7 to 9 that the aging of accounts receivable method is used to estimate bad debis expense. You prepare the following analysis of aged accounts receivable at the end of the fiscal...
-
Blank Corporation prepared the following summarized balance sheet on January 1, 20X1: \section*{Required} Select the correct answer for each of the following questions. 1. If Shepard Company...
-
With reference to IAS 8, distinguish between accounting policies and accounting estimates. (Appendix)
-
On January 1, 2020, Shay Company issues $700,000 of 10%, 15-year bonds. The bonds sell for $684,250. Six years later, on January 1, 2026, Shay retires these bonds by buying them on the open market...
-
1. Write short notes on Discrete Cosine Transform (DCT) 2. Describe Fast Fourier Transform 3. Write short notes on the Hotelling transform
-
1Explain Discrete Fourier Transform in detail. 2. Explain the Properties of 2D discrete Fourier Transform 3. Discuss Hadamard's transformation in detail
-
1. Specify the objective of image enhancement technique. 2. List the 2 categories of image enhancement. 3. What is the purpose of image averaging? 4. What is meant by masking? 5. Define histogram.
-
6. What is meant by histogram equalization? 7. Differentiate linear spatial filter and non-linear spatial filter. 8. Give the mask used for high boost filtering. 9. What is meant by a laplacian...
-
11. What do you mean by Point processing? 12. Define Derivative filter? 13. Define spatial filtering 14. What is a Median filter? 15. What is maximum filter and minimum filter? 16. Write the...
-
Suppose that you are installing a new room reservation system for your university that tracks which courses are assigned to which rooms. Assume that all the rooms in each building are "owned" by one...
-
Cobb Manufacturing Company uses a process cost system and average costing. The following production data is for the month of June 2011. Production Costs Work in process, beginning of the month:...
-
Discuss why it is important for company managers to understand and use social capital knowledge to help build social ties among their skilled knowledge workers so they can build employee loyalty...
-
Kate lives in a house close to a local university, and she traditionally has rented a garage apartment in the back of her property to students for $750 per month. Kate wants to transfer the title to...
-
Pottery Ranch Inc. has been manufacturing its own finials for its curtain rods. The company is currently operating at 100% of capacity, and variable manufacturing overhead is charged to production at...
Study smarter with the SolutionInn App