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Please identify what accounting standard is the UK and US using at the moment.Detail describe what is the difference between principle based accounting standard and rules based accounting standard.What is the US current status/objectives on current convergence project between the FASB and the IASB.
Critically assess how the use of principles-based standards will aid effective standard-setting by the IASB, and aid decision-usefulness for stakeholders.(Please provide arguments between rules based & principles based accounting standard. I am looking for an exploration of arguments between rules and principles)
Please use accounting theory examples to back up your arguments.Please consider the perspective of the standard-setters, their worldview, purpose and objectives.Using the Kolb diagram will really help, and consider how which model is (or should be) being applied -- is it normative, positive etc.?
Based on information given above, compute the cost of borrowing by using debt for present company.
Annual net income from this equipment is evaluated at $8,100, $10,300, $17,900, and $19,600 for four years. Must this purchase happen based on accounting rate of return? Why or why not?
You've been hired by an unprofitable firm to determine whether it should shut down its unprofitable operation. Provide a report to management of the firm as to whether or not it should continue to operate at a loss? Be sure to show your work to sup..
Establish a Section 401(k) plan
Schwarzentraub Industries expected free cash flow for year is $500,000 in the future free cash flow is expected to increase at a rate of 9 percent.
Katz is an all equity development company that has 36,000 shares of stock outstanding at a market price of $25 a share. The firm's earnings before interest and taxes are $29,000.
Explain what is the value of the firm and explain what will the value be if Corrado converts to 50% debt?
Coverall Carpets is thinking to borrow $12,000 from the bank. The bank offers the choice of a 12% discount interest loan or a 10.19% add-on, one-year installment loan, payable in four equal quarterly payments.
Explain Meaning of Substantive Audit and Comparison of Audit Procedures and the implementation of internet sales and an extensive advertising campaign
What is the current strategic plan for DaimlerChrysler?
Examine the complexities of derivative markets and how the reporting of derivatives may be deceiving to investors.
A stock that currently trades for $50 per share is expected to pay a year-end dividend of $2 per share. The dividend is expected to grow at a constant rate over time. What is the stock's expected price seven years from today?
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