What was the date of transition

Assignment Help Accounting Basics
Reference no: EM132497524

Determine the year in which the company transitioned to IFRS by referring to the accounting policies note in the financial statements (usually the first note). An overview of IFRS adoption should be mentioned. Based on that information, answer the following:

Question i. What was the first year the company adopted IFRS?

Question ii. What was the date of transition, as defined in IFRS 1?

Question iii. What was the previous GAAP that the company used before IFRS?

Question iv. What exemptions did they utilize?

Question v. Were there any special IFRS considerations?

Reference no: EM132497524

Questions Cloud

Create comprehensive work programs for the acquisition : Discuss the specific risks and nature from auditing Proctor & Gamble and create comprehensive work programs for the Acquisition and Payment accounts
Describe the sexuality and reproductive changes : Describe in detail at least one physical, one cognitive, and one psychosocial milestone/concept/theory ranging from ages 40-death, supported by references from.
Describe what training materials would use : What program methods and techniques (including the appropriate use of technology) would be used? Provide your rationale for your selections.
Describe step-by-step description of both interventions : Create one 7-10-slide PowerPoint presentation outlining two interventions for the case study you selected. One of the interventions must include Critical.
What was the date of transition : What was the previous GAAP that the company used before IFRS? What was the date of transition, as defined in IFRS 1? What exemptions did they utilize?
What was the first year the company adopted ifrs : Determine the year in which the company transitioned to IFRS by referring to the accounting policies note in the financial statements (usually the first note)
Determine how would respond : If a former employee whose work was subpar asked you for a reference, how would you respond? Frame your answer as though you're sending
Analyze benefit of recalculating cost of pickle production : Analyze the benefit of recalculating the cost of pickle production. Explain why some production costs are variable and some are fixed
Did the subject matter being studied change in transition : Discuss how and why a change from one to the other came about. How did the principles and values of psychologists change because of the transition?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the amount of gain to be recognized by ben

At the time of the transfer, the stock had a fair market value of $35,000. What is the amount of gain to be recognized by Ben

  Explain how to obtain expected value of perfect information

Explain how to obtain the "expected value of perfect information" for any payoff table

  Calculate the wiemers 2014 income statement

Wiemers's 2014 income statement included net sales of $100,000, cost of goods sold of $60,000, and net income of $15,000.

  Evaluate the appropriateness of the techniques used

From the e-Activity, evaluate the appropriateness of the techniques used and the common issues pursued by the IRS in corporate liquidations and dissolutions.

  What are the two methods of accounting for treasury stock

In January, 2015, Mordica repurchased 25,000 shares at $30 per share. What are the two methods of accounting for treasury stock

  Preble company manufactures one product its variable

preble company manufactures one product. its variable manufacturing overhead is applied to production based on direct

  Determine the amount of projected population misstatement

Determine the amount of projected population misstatement based on your sample. Identify the audit objectives that are accomplished by this test

  Prepare and present the journal entry or entries to record

Prepare and present the journal entry or entries to record the exchange. You need present only those entries that relate to Pittsburgh Company's accounting.

  Determine who should be held liable for any breaches

Determine who should be held liable for any breaches that occur, and indicate the course(s) of action that should be taken.

  How current liabilities related to companys operating cycle

How are current liabilities related by definition to current assets? How are current liabilities related to a company's operating cycle?

  The following costs are included in recent summary of data

the following costs are included in a recent summary of data for a company advertising expense 85000 depreciation

  Compute the cost of goods purchased and sold

1. Compute the cost of goods purchased and the cost of goods sold 2. Prepare the income statement for 2011

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