issued by the GASB

Q: List 6 (SIX) qualitative characteristics of having IFRS

A: IFRS are the International Financial Reporting Standards (IFRS) framed for guiding the accountants.…

Q: 3.When reading the Code, you must look for connecting words that may affect whether you may apply…

A: Section 152 of the IRC provides definition of a dependent. In general, a dependent means a qualified…

Q: 3.What are the conditions for issuing a report modification and give examples

A: A modified opinion is when the auditor issues an opinion which is not unqualified. This is necessary…

Q: APA FORMAT-

A: supply  ordering Supply Order means an order on a contractor to produce against Rate Contract. The…

Q: Outline any 5 Types of agents.

A: answer A  Agent :    associate “agent” may be a person used to try to any activity for an additional…

Q: 2. What indicators does the Codification list that suggest an entity is a principal? Determine the…

A:

Q: 2. Identify the relevance of each of the figures given in the exercise in terms of making the…

A: A special order refers to the special one-time order made by a customer where the management has to…

Q: Define each of the following terms:d. FASB Statement 13; ASU 2016-02

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

Q: What is the Committee of Sponsoring Organizations (COSO)? Briefly describe the original…

A:

Q: Briefly discuss the main provisions of the SOX, and then explain Section 404 in detail.

A: SOX stands for Sarbanes-Oxley Act and it established protocols related to the assessment of internal…

Q: Identify the 3 issues with this General Journal

A: Journal entries are those entries which are recorded on the journal book which is also known as…

Q: Identify the policyholder who transfers the title of the policy.

A: Answer

Q: Give and discuss at least 3 principles of international law.

A: International law (IL) refers to the conceptual guidelines, standards, rules as well as norms which…

Q: tate the disclosure requirements of IFRS 10 and IFRS 3

A: Disclosure requirement states the facts, figures, notes, etc to be specifically disclosed in the…

Q: Provide in full the meaning of these abbreviations and tell briefly how they interface with the…

A: A structured mechanism for gathering data, translating the data into relevant information and…

Q: 2. State three importance general journals

A: The accounting cycle is a series of methods used by businesses to keep track of transactions and…

Q: 5 steps in ASC 606 may be impacted by Covid-19

A: ASC 606 deals with revenue recognition in accounting. Revenue should be recognized upon the right to…

Q: b. Discuss three (3) qualitative factors that the Management of GFA might have to consider before…

A: Decision making is one of the most important activities that have to be performed by the managers of…

Q: 2. Identify six items that under different circumstances could be classified as either current or…

A: Definition: Assets: These are the resources owned and controlled by business and used to produce…

Q: PFRS 15.

A: Definition: PFRS 15 - Philippine Financial Reporting Standards. It includes Philippine Accounting…

Q: 64. According to the pny In upn should prepare which of the follow statements? Statement of Changes

A: The American Institute of Certified Public Accountants (AICPA) is the United States' primary…

Q: Enumerate and explain five (5) powers of the BIR.

A: BIR stands for Bureau of Internal Revenue which is compulsory through law to assess as well as…

Q: Explain four (4) factors that should be considered in using CAATs.

A: CAATs means Computer Assisted Auditing Techniques. These are the aided techniques in which task of…

Q: D6) Describe and explain the matters which the remuneration committee should consider when preparing…

A: Remuneration- Remuneration is the whole amount paid to an employee. It may contain a salary or…

Q: Q3 B : SHARIAH  SUBJECT; SHARIAH AUDIT AND COMPLIANCE PLEASE ANSWER ASAP

A: An issue has been given in the question, the main issue is that  The Shariah Government Policy is…

Q: Question 3.  Define what is Riba & describe two types of Riba with example for each

A: In Islam Riba is a term used to refer excess, increase, or addition to the price in case of lending,…

Q: Discuss FIVE (5) duties of an agent towards his principal.

A: Agents act on behalf of principals and hence agents have certain duties towards their principal.

Q: Discuss four (4) major recommendations you would offer a neigbouring country that is in the process…

A: The 4 recommendations to the countries who are planning to implement VAT. Credit Invoice Technique…

Q: 3. Complete Moab Inc.'s Form 4797 for the year.

A: It is the form used to report gains on sale or exchange of business property. This business property…

Q: Discuss 3 objectives of an exit conference of internal auditor.

A: A company's corporate governance and accounting procedures are all subject to evaluation during an…

Q: The GPFS are prepared at least annually and are directed to both the common and specific information…

A: The financial information is required by both the internal as well as external users of the…

Q: Name and detail 3 types of differences that exist between IFRS and U.S. GAAP.

A: IFRS (International financial reporting standard): These are the set of guidelines and rules which…

Q: Arrange the following according to the correct sequence. 46. IASB Due Process 1. An exposure draft,…

A: Before any IFRS is issued or any changes for the existing IFRS is issued, the International…

Q: 8. Briefly describe the 4 principles of the Code of Conduct for a BAS Agent

A: The professional code of conduct states the principles to regulate the actions and ethical values of…

Q: Explain the three types of Regulations: Proposed, Temporary and Final. At least half page

A: Treasury regulations are created to interpret the IRC (internal revenue code). These regulations are…

Q: Q1 C: SHARIAH AUDIT AND COMPLIANCE  SUBJECT: SHARIAH AUDIT AND COMPLIANCE  PLEASE ANSWER ASAP

A: Here discuss about the details of the non compliance event which are incurred with the Islamic bank…

Q: Identify the 3 issues with this General Journal

A: General journal is the journal book in which all the business transactions are recorded in it. This…

Q: Draft FIVE (5) questions you should make of the management of Kurt that will assist in the…

A: On the basis of the procedure, an audit of financial statements is issued to the management of the…

Q: IAS200

A: IAS 200 refers to International Standard on Auditing 200.

Q: (b) Identify FOUR (4) possible weaknesses in the SESB's procedures. Provide an appropriate of the…

A: Separation of duties (SoD; also known as Segregation of Duties) is the concept of having more than…

Q: QUESTION 11 If an issuer prepares a summary prospectus, how many copies must be filed with the SEC…

A: A company's prospectus is a formal legal document intended to provide information and full details…