Direction: Give at least three (3) differences of IFRS for SMEs and Full IFRS EXPLAIN

Q: In general terms, how does IFRS for SMEs differ from full IFRS?

A: International Financial Reporting Standards:   IFRS (International Financial Reporting Standards) is…

Q: Define three forms of EMH

A: Following are the three forms of EMH: Weak Form EMH: Recommends estimating all prior knowledge is…

Q: 4. Discuss the evaluation of the two divisions, using the performance determined in parts (1), (2),…

A:

Q: Briefly describe the connection and the difference between CAPM and Single Index Model (SIM).

A: Capital Asset Pricing Model or CAPM referred to as the relationship between the systematic risk and…

Q: Explain all differences between GAAP and IFRS

A: Generally accepted accounting principle (GAAP) It is the common set of procedures, principles, and…

Q: Describe in detail about the 3 measurement attributes employed in GAAP.

A: There are three measurement attributes employed in GAAP: Historical Cost Net Realisable Value…

Q: Contrast and compare four qualitative characteristics identified by the IASB and qualitative…

A: The qualities that make financial statement information useful to users are referred to as…

Q: xplain the general similarities AND differences between GAAP and IFRS.

A: Discussion of general similarity and difference between GAAP and IFRS are as follows

Q: Explain

A: LCNRV method means Lower of cost and net realizable value method.

Q: Identify the three components of the upper limit on misstatements. How is each component calculated?

A:

Q: Indicate whether the below statement is True or False. The physical flow schedule prepared using the…

A: First In, First Out (FIFO): First in, first-out (also known as FIFO) is an asset-management and…

Q: Describe the three groups of units that must be accounted for when using the FIFO method.

A:

Q: Explain the politics in standard setting.

A: Financial accounting standards board (FASB): This is the organization which creates, develops, and…

Q: Which of the two alternatives should be selected? Show all calculations.

A: Incremental analysis A technique that helps in taking decisions by a business to find out the…

Q: mation would be considered

A: The extremely sensitive output can be defined as the information or output that must be guarded from…

Q: Discuss the degree to which existing empirical evidence confirm each of the 3 forms of emh

A: As per the efficient market hypothesis (EMH), stock prices exchange at a market price that…

Q: What are the differences among the three forms of the EMH?

A: EMH refers to efficient market hypothesis.  The differences among the three forms of the EMH are:

Q: What are the 3 main sections of the CAFR?

A: CAFR is a set of financial statements for a state or other government entity that must conform with…

Q: Explain the purpose of IFRS for SMEs and how it differs from full IFRS.

A: IFRS or International Financial Reporting Standards are the guidelines of accounting given by the…

Q: Explain the following terms.(a) LIFO layer.(b) LIFO reserve.(c) LIFO effect

A: (a) LIFO Layer: LIFO Layer refers to a portion of cost in an inventory costing system that follows…

Q: a.Determine two-sigma control limits using the above data. (F

A: A c-chart helps to monitor the defects that occurred in the process. It helps companies to determine…

Q: Identify three activities measures calculated by FCI.

A: Activity measures: Activity measures initially focus on how efficiently the assets are used. For…

Q: Explain the differences between IFRS and GAAP

A: GAAP is a common set of accepted accounting principles, standards, and procedures that companies and…

Q: Does the IRR analysis yield the results consistent with PW and other equivalence methods?

A: Yes, the IRR analysis gives the results consistent with PW analysis and Equivalence methods.

Q: Describe the steps required to apply the APV approach.

A: Adjusted present value is used for estimating the value of projects and the worth of the firms. It…

Q: Name three benefits and two costs of decentralization.

A: Decentralization: The decentralization means that the lower levels of an organization are given…

Q: Controls are classified as general as well as application. Discuss, using appropriate examples, any…

A: Internal Controls: Internal controls are the safeguards put in place within an organization to…

Q: solvency ratio

A: The solvency ratio is the ratio that tells about the company's ability to pay its liabilities or…

Q: How to determine the appropriate signs (i.e., + or -) for the values of PV, FV, and PMT when…

A: Present Value is the value of an investment in present terms i.e. value today. Future Value is the…

Q: Identify the differences of Full PFRS from SMEs PFRS. Explain

A: Financial Reporting Standard can be defined as the standards being incorporated by the business…

Q: How does the computation of equivalent units under the FIFO method differ from thecomputation of…

A: Equivalents units for production: The activity of a processing department in terms of fully…

Q: What is the difference between the CML and the SML?

A: The term CML refers to capital market line. Whereas the term SML refers to security market line.

Q: What is the primary difference between the APT and the CAPM?

A: APT is an abbreviation used for arbitrage Pricing Theory whereas CAPM is an acronyms used for…

Q: 3. Explain the different Sources of Data?

A: Data are of 2 types: Primary data  Secondary data

Q: Briefly explain the assumptions in each of the following analysis 1)Tecnical anslysis…

A: Technical analysis is a security analysis which assists traders to make an objective decision on…

Q: Determine the IRR

A: IRR is the discount rate where NPV of the cashflows calculated using IRR will be Zeera, which means…

Q: In your opinion what are the three most important areas to use when benchmarking?

A: Benchmarking is the technique to compare the business's product, practices, and services of the…

Q: Describe the two basic differences between the weighted average and the FIFO method.

A: Inventory: Inventory refers to the stock of goods purchased, utilized and maintained by the company…

Q: Evaluate two (2) major differences between GAAP and IFRS with respect to the statement of

A: The cash flow statement, also known as the statement of cash flows, is a financial statement that…

Q: Need complete solution of part (a),(b) and (d)

A: Given information : Basic cost = $180,000 Additional costing = $20,000 Cost basis for depreciation =…

Q: iscuss the differences in the two systems and what the IASB and FASB are doing to continue to…

A: Difference between IASB amd FASB  IASB and FASB  are two different companies or organization. Both…

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