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Model B Case Study Harrout Companies in some European countries listed in IFRS form year 2005. Regarding to the investigating of Financial statements, audit report

Model B

Case Study

Harrout Companies in some European countries listed in IFRS form year 2005. Regarding to the investigating of Financial statements, audit report and Research and Development research were observed some properties of scale that used in R&D research such as;

-Categories are distinct and homogeneous

-They cannot be measured but can be counted and ordered/ranked

-Data can express that one is different from another and one is greater or smaller than the other. However, data cannot say that one is 'X' units or 'X'times greater or smaller than the other.

In accordance with exploring of Performance Measurement System coherent numbers are assigned by reference to natural laws, such as length and volume.

In addition, A present obligation of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits.

In accordance with your understanding of the previous case. Explain the following;

1.What is type of scales illustrated and what do you know about it.

2.What is type of measurements declared and what do you know about it.

3.Regarding to understanding of liabilities. Explain the following:

A. The theories of liabilities and owner's equity

B.The varieties and the essential characteristics of liabilities.

C. The recognition process of liabilities

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