User Account

All Pages

Historical cost or fair value accounting treatment

Assignment Help Cost Accounting
Reference no: EM13338670

An interesting research paper on fair value accounting of PP&E under IFRS which allows either historical cost or fair value accounting treatment. According to the research, the authors find that only 3% of the firms use fair value accounting for at least one asset class following the IFRS adoption. Also, companies in the sample are equally likely to use historical cost and fair value accounting (Christensen & Nikolaev, 2012). The study asserts that, at this point in time, companies most often chose historical cost over fair value accounting when given the choice. Why? Possibly, companies believe the process is too costly, time-consuming, provides inconsistent/incomparable financial statements from year-to-year, etc.

Reference no: EM13338670

Questions Cloud

What portion of individual income tax : What portion(s) of individual income tax brought this theme/principle/concept to light?
Write a program that reads two coordinates : Write a program that reads two coordinates (x1, y1) and (x2, y2), and prints the slope of the line passing through these two points.
What is the similarity theorem of fourier transforms : What is the similarity theorem of Fourier Transforms. Make up an example based on the boxcar function. Sketch your example and write the mathematical formulas for that example.
Major theoretical perspective of psychology : Need outline and rough draft on one of major theoretical perspective of psychology. The draft of your report should be complete enough for constructive feedback to be meaningful.
Historical cost or fair value accounting treatment : An interesting research paper on fair value accounting of PP&E under IFRS which allows either historical cost or fair value accounting treatment.
Two-dimensional word puzzle : Write a python function called find_words that finds and prints the list of valid words in a two-dimensional word puzzle
How many bits must the mar register have : Assume you have 512MB of main memory. How many bits must the MAR register have? Show your work.
How to go about designing and applying the filter : If you needed to eliminate some noise from some seismic data and you want to use a bandpass filter to do so, how would you go about designing and applying the filter
What the cutoff wavelength is for the experiment : In a photoelectric experiment, light with a wavelength of 250 nm hits a certain material. When a negative potential of 0.48 volt is applied there is no more current while a saturation current Is is recorded at positive voltages.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Determine the basic and diluted earnings per share

Determine the basic and diluted earnings per share values for year ending 31 st December, 2011. Austin has compiled the information given below.

  Compute the eva for each company for a cost of capital

investment strategy is to purchase the stock of the company that has a low price/earnings ratio but appears to be in good shape financially. Assume that you analyzed all other factors and your decision depends in the results of the ratio analysis ..

  Cost recovery deductions for tax purposes

Principal business activity is plumbing installation and repair and its business code number is 238220. It files its income tax returns on this calendar-year basis.The partnership requires maximizing its cost recovery deductions for tax purposes

  Write the journal entries using the equity method

Write the journal entries for 20X2 on BID's books related to its investment In TIC Corporation, using the equity method.

  How much after tax cash will have if sell norses assets

Geoffery and Sue are equal owners of Norse Corporation. They are considering a sale of the business. How much after tax cash will they have if they sell Norse's assets. How much if they sell the stock. Geoffery and Sue are equal partners of Norse L..

  Understand the accounting for research and development

Understand the accounting for research and development

  What is the unit product cost for the month

Hadlock Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price

  Establish control limits for sample means

Design an R- and an 1-chart for this process and the results from the last 5 samples of 10 packets are

  Should claire be considered an employee of the company

Claire uses her own small tools, however the compan supplies a riding lawn mower for her use. Her contract at the company is the Facilities Manager who signs her monthly invoices for processing by Accounts Payable.

  Acceptance of the special order affect net income

Method of evaluating financial data that change under different courses of action - how would the acceptance of the special order affect net income?

  Evaluate the maximum depreciation expense

Evaluate the maximum depreciation expense

  Determine the equivalent units of production

Determine the equivalent units of production for each cost element in the Creation Dep. for the month just ended and evaluate the average cost per equivalent unit for every cost element.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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