Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Explain about Predictive value and feedback value?
Several suggest using a different valuation basis such as current cost in reporting such assets. Predictive value and feedback value Since actions taken now are able to affect only future events information is clearly relevant when it possesses predictive value or improves users' abilities to predict outcomes of events. Information that reveals the relative accomplishment of users in predicting outcomes possesses feedback value. Feedback reports on past activities and is able to make a difference in decision making by (a) reducing uncertainty in a situation (b) refuting or confirming prior expectations and (c) providing a basis for further predictions. For instance a report on the first quarter's earnings of a company reduces the uncertainty surrounding the amount of such earnings refutes or confirms the predicted amount of such earnings as well as provides a possible basis on which to predict earnings for the full year. Remember that even though accounting information may possess predictive value it doesn't consist of predictions. Making predictions is a function performed by the decision maker.
Cash $10,000 Accounts Payable $7,000 Accounts Receivable $6,400 Mortgage Payable $65,000 Supplies $1,500 Long-term Debt $36,000 Building $150,000 Notes Payable $9,000 Equip
Q. Explain about Long-term investments? A long-term investment habitually consists of securities of another company held with the intention of (a) obtaining control of another
Q. What do you mean by note? A note is an unqualified written promise to pay another party the amount owed either when demanded or at a certain specified date habitually with i
TYPES OF FINANCIAL ANALYSIS a) According to the material used, the study can be - i) External analysis : Where analysis is done by exterior interested parties and ii)
the scope of operation research in modern management
Scanlon Technologies, Inc. Anne Scanlon founded Scanlon Technologies, Inc., in 1993. The company designed andmanufactured high-tech products that were used in various industrie
Assume in Balance sheet Furniture is given @ rs.1200000. and an adjustment tells that half of the building is used for residential purpose... then what is treatment in accounts?
Your client, Hope, of Hope's Country Corner, is curious about two events will influence both taxable and financial income. The first event involves the purchase of pottery-making e
Q. Explain about Freight collect? Freight collect indicates the buyer should initially pay the freight bill on the arrival of the goods. To demonstrate the use of these terms s
Is the interest on a note receivables recorded if paid prior to the due date? A. Debit to interest expense B. debit to interest payable C. Credit to interest receivable D. Credit
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd