Why do somew companies report "Non-GAAP" measures?

Q: Are there circumstances in which the cost method is required under U.S. GAAP but not under IFRS?…

A: IFRS: International Financial Reporting Standard is abbreviated as IFRS. The IFRS is set up to bring…

Q: to refer to the degree of uncertainty that the future economic benefits associated with the item…

A: Probability refers to the possibility of a uncertain event take place in the future. Generally, an…

Q: Which one of the following is other indicator or events or conditions that may cast significant…

A: ‘’Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What's the difference between IFRS and US GAAP when it comes to the word "contingent liability"?

A: Contingencies - Existing Condition involving uncertainty that may result in possible gain (gain…

Q: What would happen if both GAAP and IFRS adopted fiar value accounting? Consider both consoldiation…

A: GAAP GAAP, or usually Accepted Accounting Principles, could be a commonly recognized set of rules…

Q: Describe any differences in segment disclosure requirements between U.S. GAAP and IFRS.

A: International Financial Reporting Standards IFRS is a set of global accounting standards issued by…

Q: With regard to the correction of accounting errors, what is the difference between U.S. GAAP and…

A: Generally Accepted Accounting Principles:   GAAP (Generally Accepted Accounting Principles) is a…

Q: Which of the following is NOT included in the cost of an acquired company? (applying section 19 of…

A: Answer:Finders fee for arranging the combinantion

Q: What minimum information must an enterprise provide in an interim report?

A: The following minimum information enterprise must provide in an interim report: A condensed…

Q: Which of the following is not an element of control? A. Ability to affect return B. Exposure, or…

A: Implementation of proper control in the business for successful operations is a very crucial role of…

Q: How do the non-GAAP measures differ from related official GAAP measures?

A: Generally Accepted Accounting Principles  or GAAP  provides an uniform set of rules and formats…

Q: What is 'fair value',and why is it relevant to consolidation accounting?

A:

Q: When must a company recognize an asset retirementobligation?

A:

Q: What controversy relates to the accounting for net operatingloss carryforwards?

A:

Q: What are the different risks associated in the accounting of inventories?

A: Answer: Inventories are the current assets of the company which are realizable within 12 months from…

Q: what are some fundamental challenges in accounting and reporting for a noncontrolling interest?

A: In deliberations prior to issuance of SFAS 160 "Non controlling interest in consolidated financial…

Q: Is a sole trader required to register for GST? – if no, why not; if yes, when.

A: GST is Goods and Services Tax. This tax is applicable from 1st July 2017 in India.  GST is…

Q: Which of the following does not require disclosure in the financial statements?   choices: There is…

A: Disclosure in Financial statement Disclosure in the financial statement which is described as…

Q: How does IFRS differ from current U.S. GAAP with respect to accounting for impairments?

A: When the asset value reduces due to market or technological factors which it turn fall below its…

Q: What is non-trading concern? Explain the important features of non trading organisation.

A: Non-trading concerns or Non-profit making organisations are those organisations which exist for the…

Q: nstrument is used by the exporter and nporter to fulfill their short term nancial requirement?

A: Banks provide credit to the business for import and export.

Q: A company should disclose information only if the perceived benefits of the disclosure exceed the…

A: Given statement is: A company should disclose information only if the perceived benefits of the…

Q: Why is it needed to reclassify financial asset when changing business model?

A: The question is related IFRS-9 "Financial Instruments". As per IFRS 9, reclassification is allowed…

Q: What is a Liability? Describe different types of Liability a company can have with examples.

A: A liability is a responsibility of a company happen due to a past incident done by the company. For…

Q: Which of the following does not require disclosure in the financial statements?     There is a…

A: Contingent Liability is a possible obligation that depends on future uncertain events, or is a…

Q: Is the threshold for recognizing a provision under IFRS different than it is under U.S.GAAP?…

A:

Q: How does IFRS differ from U.S. GAAP with respect to using the equity method?

A: Equity method:

Q: al entries for elimination of intragroup sales?

A: In this example S ltd is partially owned subsidiary company and S ltd sold goods to its parent…

Q: Answer of the following question related to these characteristics and constraints. Allied…

A: Accounting Principle:   They are the general rules and guidelines to be followed by companies in…

Q: Which of the following is / are external indicator/s of impairment loss? Impact of legal environment…

A: The reduction or decline in the carrying worth of any asset due to its fair value can be referred to…

Q: Which organization is responsible for promulgating U.S.​ GAAP?

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

Q: Identify special reporting issues related to derivative financial instruments that cause unique…

A:

Q: **Please provide new ans***   Why would a company choose to classify a security as “trading”…

A: In business, securities are regarded as the financial instruments which are handled to raise fund…

Q: Why is the reporting of segment information required and who requires it? Why is the reporting of…

A:

Q: what is the impact if there is. any material misstatement in the goodwill valuation that is on whom…

A: Definition:

Q: What indexes does Target use to measure the LIFO provision?

A: Inventory:   Inventory for a business refers to stock in hand, work in process, raw materials,…

Q: Explain how the closing process is different between accounting under IFRS versus U.S. GAAP

A:

Q: What are some steps taken by both the FASB and IASB to move to fair value measurement for financial…

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