Write a brief essay highlighting the difference between IFRS and accounting standards for private enterprises noted in
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
There are many differences between IFRS and ASPE with respect to measurement and reporting for complex financial instruments Primarily ASPE has been written to keep recognition and measurement issues ...View the full answer
Answered By
Muhammad Salman Alvi
Well, I am a student of Electrical Engineeing from Information Technology University of Punjab. Just getting into my final year. I have always been good at doing Mathematics, Physics, hardware and technical subjects. Teaching profession requires a alot of responsibilities and challenges.
My teaching experience started as an home tutor a year ago. When I started teaching mathematics and physic subjects to an O Level student. He was about 14 years old. His name was Ibrahim and I used to teach him for about 2 hours daily. Teaching him required a lot of patience but I had to be polite with him. I used to give him a 5 min break after 1 hour session. He was quite weak in basic maths and calculation. He used to do quite a lot of mistakes in his homework which I gave him weekly. So I decided to teach him basics from scratch. He used to say that he got the concept even if he didn't. So I had to ask him again and again. I worked on his basics for a month and after that I started taking a weekly test sesions. After few months he started to improve gradually. Now after teaching him for about a year I can proudly say that he has improved alot. The most important thing was he managed to communicate all the difficullties he was facing. He was quite capable and patient. I had a sincere desire to help him reach to its full potential. So I managed to do that. We had a very good honest relationship of a student and a teacher. I loved teaching him as a tutor. Now having an experience of one year teaching I can read students quite well. I look forward to work as an online tutor who could help students in solving their all sort of difficulties, problems and queries.
4.90+
29+ Reviews
43+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
Question Posted:
Students also viewed these Accounting questions
-
Write a brief essay highlighting the differences between IFRS and accounting standards for private enterprises noted in this chapter, discussing the conceptual justification for each. Discuss.
-
Write a brief essay highlighting the differences between IFRS and ASPE noted in this chapter, discussing the conceptual justification for each. Discuss in detail.
-
Write a brief essay highlighting the differences between IFRS and ASPE noted in this chapter, discussing the conceptual justification for each. Discuss briefly.
-
The stockholders' equity accounts of Whispering Company have the following balances on December 31, 2025. Common stock, $10 par, 304,000 shares issued and outstanding $3,040,000 Paid-in capital in...
-
An Erlang Random variable has a PDF of the form (a) Find the characteristic function, X( ) . (b) Find the Taylor series expansion of X( ) . (c) Find a general expression for the k th moment of X....
-
In Class, 1520 Minutes for Teams An efficient logistics system can enable companies to ensure that their products are delivered to the right wholesalers and retailers at the right time, facilitating...
-
Restaurant business. Refer to the yearly sales (in $ million) (y) of four types of restaurants together with their respective year-over-year (YOY) and number of units (in %), Exercise 12.95 (p. 770)....
-
Change to LIFO Retail Diderot Stores Inc., which uses the conventional retail inventory method, wishes to change to the LIFO retail method beginning with the accounting year ending December 31,...
-
Please answer problem #10 part B, SHOWING ALL WORK ACCORDINGLY. Thank you! The following information pertains to Sunland Company 1. Cash balance per books, August 31, $ 7,374 2. 3. Cash balance per...
-
Daniela has simply transferred the amounts to both her Registered Retirement Savings Plan (RRSP) and Tax-Free Savings Account (TFSA) based on what her tax advisor recommends. Daniela has always...
-
Sometimes entities write instruments that require settlement in its own shares. Examples of these include purchased or written options to buy or sell shares, or forward contracts to buy or sell...
-
In 2012, Sanford Corp. adopted a plan to give additional incentive compensation to its dealers to sell its main product: fire extinguishers. Under the plan, Sanford transferred 9,000 of its common...
-
What circumstances require the fixed asset list to be manually updated?
-
Case study: Sun City - improving operations performance to enhance guest experience 1. Describe how Sun City implements the five operations performance objectives or principles. 2. Using your...
-
What recommendations do you have to increase the likelihood of success? E.g., how would you reduce the likelihood of having to go back to A4? How would you reduce the impact of having to go back to...
-
Problem 4 An electrically heated, square plate (0.4mx 0.4 mx0.005 m) is suspended in air of temperature Too = 20C. Find the electrical power needed to maintain the plate at T=95C if the plate is (a)...
-
Number of units Unit Cost Sales Beginning inventory 800 $50 Purchased 600 $52 Sold 400 $80 Sold 350 $90 Ending inventory 650 In the table below, calculate the dollar value for the period for each of...
-
10. Dr. D went to MGM Springfield casino while the class was taking their midterm exam. He played a Konami machine entitled 88 Fortunes. A slot attendant accidently left the slot manual next to the...
-
Obtain the time variation of the lift and propulsive force coefficients and their plots for the airfoil given by Example 8.5. Assume that the profile pitches about quarter chord point. Example 8.5...
-
B.) What is the approximate concentration of free Zn 2+ ion at equilibrium when 1.0010 -2 mol zinc nitrate is added to 1.00 L of a solution that is 1.080 M in OH - . For [Zn(OH) 4 ] 2- , K f = 4.610...
-
Carlson, a CPA, is engaged in a fee dispute with a client. Carlson has in his possession various client records and decides to withhold them until such time as the client satisfies his bill. He notes...
-
Assume the same situation as in Question 11, except that the four equal amounts are deposited at the beginning of the period rather than at the end. In this case, what amount must be deposited at the...
-
Assume the same situation as in Question 11, except that the four equal amounts are deposited at the beginning of the period rather than at the end. In this case, what amount must be deposited at the...
-
Explain how the future value of an ordinary annuity interest table is converted to the future value of an annuity due interest table.
-
On April 1, year 1, Mary borrowed $200,000 to refinance the original mortgage on her principal residence. Mary paid 3 points to reduce her interest rate from 6 percent to 5 percent. The loan is for a...
-
Give a numerical example of: A) Current liabilities. B) Long-term liabilities?
-
Question Wonder Works Pte Ltd ( ' WW ' ) produces ceramic hair curlers to sell to department stores. The production equipment costs WW $ 7 0 , 0 0 0 four years ago. Currently, the net book value...
Study smarter with the SolutionInn App