Analyze the conceptual framework of the pronouncement on equity investments under the international accounting standard IAS No. 39 and 40. Talk specifically about conservatism, comparability, relevance, neutrality, and representational faithfulness.
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Analyze the conceptual framework of the pronouncement on equity investments under the international accounting standard IAS No. 39 and 40.
Talk specifically about conservatism, comparability, relevance, neutrality, and representational faithfulness.
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- A setup in the finance system that ensures clear ownership of responsibilities.A. Macroprudential frameworkB. Institutional arrangementsC. Open market OperationsD. Regulatory FrameworkThe scope of conceptual framework for financial reporting concerned with Which of the following given options? a. Concepts of capital and capital maintenance and the qualitative characteristics of useful financial information b. The objective of general purpose of financial reporting and going concern assumption. c. All the given options d. Elements of financial statements, recognition and measurement of elements of financial statementsWhich fundamental characteristic of GAAP requires that all information useful for decision making is present in the financial statements?
- Discuss the role of GAAP in financial reportingExplain the concept of fair value accounting and its application in financial reporting. Discuss the benefits and criticisms of fair value accounting, particularly in relation to the measurement of financial instruments.Answer two questions please 1. Distinguish between accountability and inter-period equity. 2. What is meant by the phrase, “A fund is a fiscal and an accounting entity”?
- 2. The following statements are correct, except: It is expected that IFRS will be beneficial to investors for this will reduce cost of comparing alternative investments. b. The Conceptual Framework is a set of principle-based international standards stating how particular types of transactions should be reported in the financial statements. The Conceptual Framework is used to set standards, enhance consistency across standards, and provide a benchmark for judgments. C. d. Preparers of financial statements use the Conceptual Framework to develop accounting policies in the absence of specific standard or interpretation.Which are the Important Issues in Accounting and Financial Disclosure: Equity REITs2A situation in which one focuses on individual decisions rather than looking at them in the context of related decisions. Please match the description with the corresponding term below. A.Equity Premium B.Statistically Independent C.Equity Premium Puzzle D.Narrow Framing
- Which of the followings is not one of the components of ROE under the Du Pont analysis/identity? Select one:a. Profitabilityb. Efficiencyc. Liquidityd. Equity multiplierAccording to CF of IASB Determining how an asset or liability should be measured should ideally be linked to: Select one: a. All of above b. the perceived objectives of general purpose financial reporting c. to provide information beneficial to decisions involve buying, selling or holding equity and debt instruments, and providing or settling loans and other forms of credit. d. usefulness to existing and potential investors, lenders and other creditors in making decisions about providing resources to the entityWhat are the NAS and IFRS Conceptual Framework for Financial Reporting's aims, principles, and assumptions?