Ifrs standard to capital market or environmental accounting

Assignment Help Financial Accounting
Reference no: EM13881521

International Financial Reporting Standards (IFRS) are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries. They are a consequence of growing international shareholding and trade and are particularly important for companies that have dealings in several countries.

They are progressively replacing the many different national accounting standards. The rules to be followed by accountants to maintain books of accounts which is comparable, understandable, reliable and relevant as per the users internal or external.

Students are also required to choose and comment on a relevant IFRS standard either related to capital market or social accounting or environmental accounting.

Verified Expert

Reference no: EM13881521

Prepare a classified balance sheet

Johnny Singh Corporation. Selected data follows: Sales and expense data for the year ended 12/31/16: Gross revenue $51,095,000; Returns $3,380,000. Prepare a classified balanc

Provide cash-accounts receivable-inventory-accounts payable

Yolanda Hagen, a former disc golf star, operates Yolanda’s Discorama. At the beginning of the current season on April 1, the ledger of Yolanda’s Discorama showed Cash $1,900,

Sales increase can be handled by existing fixed assets

Austin Boston corporation's balance sheet for last year is present below. Sales last year were $10,000,000 and they are expected to increase by 20 percent next year. Net profi

Evaluate the business segment as a cash generating unit

She thinks that we may have over paid for the business and is suggesting we evaluate the business segment as a cash generating unit and consider the need to impair it. The b

What is the potential liability exposure for the auditor

A subsequent event is one that occurs after the date of the financial statements (i.e., December 31, 2013) but prior to the auditor having dated (or possibly issued) the audit

Are there disclosure requirements in the united states

Are there disclosure requirements in the United States that govern the reporting practices of foreign currency transactions? Provide example

What was the amount of cash paid for salaries

A firm reported salary expense of $232,000 for the current year. The beginning and ending balances in salaries payable were $42,000 and $10,000, respectively. What was the amo

What are two critical operating assumptions

Based on this forecast method, what are operating profits and invested capital expected to be next year? What are two critical operating assumptions (identify one for profit

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd