How are Forward Contracts used in the business world? Name a business that might use such contract and give an example.

Q: A legal obligation is an obligation that derives from: O a. Ordinary course of action. O b. Business…

A: This is related to IAS 37 Provisions, contingent liabilities and Continent assets.

Q: What are some accounting-related professions?

A: Definition: Accounting: Accounting is a system, or a process of collecting and organizing economic…

Q: b. What are stakcholders? Explain the environment in which a business exists.

A: Stakeholders are the persons who have interest in the organisation and are affected or can affect…

Q: Discuss the motives for business combinations.

A: A business combination is a combination of two independent firms in which one business acquires…

Q: What is a contract ? How do contracts help us to do business with others ? Use an example to explain…

A: Contract are legally binding business promises between two or more parties which they have agreed…

Q: Explain how a business finances its operations and expansion.

A: On the basis of forecast of the volume of business operations and fund requirement and of the…

Q: What is matching concept? Why should a business concern follow this concept? Discuss.

A: Matching concept: According to this principle, the expense should be recognized when it is actually…

Q: Who is responsible for enforcing compliance with laws and regulations in the business?

A: Compliance Audit: Compliance audit refers to the encyclopaedic review of entities adherence with…

Q: What are some of the uses that management may make of accounting information about individual…

A: In a company, generally, various divisions have been made according to the type and flow of work.…

Q: Under what conditions must an enterprise provide information about products and services?

A: If operating segments of an enterprise have not been determined based on Differences in products and…

Q: What are the uses of a business plan?

A: The business plan is the policy, directions, and instruction that help in achieving the objective of…

Q: What is the purpose of determining the BEP? How does a company use this in its daily activities?…

A: Breakeven point analysis is a tool used to determine when a business will be able to cover all its…

Q: HOW IS THE ACCOUNTANCY PROFESSION BEING REGULATED? EXPLAIN

A: An accounting career consists of getting ready monetary statements, auditing organization…

Q: The documents which sets out basic rules for how a company is to run?

A: A company's constitution is a written text that lays down the laws that regulate it. It also…

Q: What is the concept of apparent authority? Give an example of how it might crop up in the business…

A: Meaning of Apparent Authority :- Apparent authority arises when someone reasonably believes a person…

Q: Identify the usual changes that a company must make when it adopts a customer orientation.

A:

Q: Explain in your own words the Iron Law of Responsibility and the social contract. Give an example of…

A: Introduction: Iron law of responsibility says that whenever an organization grips power but does not…

Q: What is going concern principle and give the example of business situation of it

A: Going concern principle in accounting refers to the concept which implies  that a business  is…

Q: definition of business ethics?

A: Answer: Concept: Business ethics is also known as professional ethics.

Q: What are source documents? Provide examples of source documents that a business might use.

A:

Q: How does the company compare with other companies in the industry?

A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and…

Q: t is business law

A: Business Law: Business law is also referred to as mercantile law or the commercial law. It refers to…

Q: Explain how businesses can use smart contracts tofacilitate transactions.

A: A smart contract is a computer program that facilitates the automatic execution of legally relevant…

Q: Explain the relevance of contract law to accountants. Include any ethical factors that might need to…

A: Answer: The basic principles of contract law embrace mutual assent, thought, capacity and legality…

Q: What does the going concern assumption mean for a business?

A: Going concern assumption: Going concern concept assumes that the business will remain in operation…

Q: What is the role of businesses?

A: The process by which financial transactions of the business are recorded and communicated with the…

Q: Describe Contract View of Business Firm's Duties to Custómer. What is the moral duty to consumers…

A: Contract view of the obligation of the company to their customer: The view that the partnership…

Q: Why are we studying IT controls, functions, and job responsibilities in an accounting course?

A: Auditors are independent accounting professionals, that check whether the accounting information…

Q: the specific parts of a business plan will vary, depending on the goods or services the firm is…

A: A business plan is a document in writing that elaborates how a start-up company derives its…

Q: Why is managerial accounting relevant to business majors and their future careers?

A: Accounting has its two branches; managerial accounting and financial accounting. Managerial…

Q: Differentiate between selling price,cost of sales and labour costs in informal and formal business.

A: Registered (or unregistered), organized (or unorganized), and supervised (or unregulated) companies…

Q: Why is it important to understand the economic systemunder which a company operates before entering…

A:

Q: what are the accounting standards codification and how companies apply them to their activities?

A: Accounting standard: It is a set of basic rules and principles which is set by the Financial…

Q: What does GAAP mean? Why should businesses adhere to GAAP when reporting to external stakeholders?

A: The accounting is a process to identify, classify and record the transactions of the business and to…

Q: How does Accounting System Analysis help a Business?

A: The process by which financial transactions of the business are recorded and communicated with the…

Q: What is the role of ethics in accounting and business?

A: Ethics means the principles that govern a person's behavior and activities. These are the morals…

Q: What is business law about and how does it help us?

A: Business laws is also known as commercial law or mercantile law... In doing business the company has…

Q: Discuss what forms of relevant information are applicable for business decisions related to Make or…

A: Decision making model: A general approach to tactical decision making includes : Define the…

Q: what are the different form of business organization. Explain and write down there advantages and…

A: By different form of business organization, it means the different structure of business ownership,…

Real Estate

Real estate means ownership of land along with the assets and natural resources that exist on the land. These properties are in real/physical form which is tangible. Real estate simply means land or addition made to land permanently like constructing a residence or different buildings. People invest in real estate to either reside or for wealth creation. Many people investing in real estate further lend the place for occupation or businesses in return for a monthly payment.