Define specific identification

Q: Define special purpose entity (SPE)

A: A special purpose entity is a legally separate enterprise that bears liability to an organization.…

Q: determine the initial recognition, initial measurement, and subsequent measurement ofbonds;

A: The face value of a bond is the fixed maturity value and the coupon is the fixed periodic amount…

Q: Explain the characteristics

A:

Q: Define Assigning.

A: Assigning is a process of assignment. Assignment means a transfer of a right to receive a…

Q: Explain external event with example.

A: Accounting events: Accounting event refers to the business event that creates an impact in the…

Q: Describe the functions and powers of ASIC

A: Australian securities and investment commission is a commission made in 1998 of Australian…

Q: Differentiate between essential and nonessential activities.

A: Production: Production activity consist use of fixed and variable resources to produce final…

Q: Define Reconciliation method

A: Bank reconciliation: Bank statement is prepared by bank. The company maintains its own records from…

Q: Define tangible.

A: Tangible means anything that can be touched and  seen.

Q: How to calculate Specification identification

A: Inventory is considered as the items that kept in a business for production or sale or production.…

Q: Define covenant

A: Answer: Covenant is a way to regulate the usage of property. This is an agreement made in the…

Q: Define rights offering

A: A rights offering is an offer made by a Company to issue additional stock to the existing…

Q: Define association.

A: Accounting Information System (AIS):   The system which helps to gather, store and process the…

Q: Define Recognition.

A:

Q: Explain Matching concept and provide example.

A: In order to record revenue and expense for a company, it should consider the matching concept while…

Q: explain the specific identification approach

A: Introduction:   Inventory valuation is an accounting practice used by businesses to determine the…

Q: Define Contingencies.

A: Uncertain events refer to uncertainty regarding the occurrence of an event or the data values…

Q: Define attainable set

A: Attainable SetA set of all the portfolios that are possible to be formed by the group of the number…

Q: Define the term realization principle.

A: Accounting: Accounting refers to the information system, where the economic activities of a…

Q: Define Pooling of interests method

A: The pooling of interest is a technique used for the M&A between two companies. In this method,…

Q: Explain the relationship between cardinality and association.

A:

Q: Explain FLSA and its purpose.

A: FLSA stands for fair Labor Standards Act. It is an act that aims at protecting the interest of…

Q: Distinguish between association and cardinality.

A: Definition: Database management: Database management refers to the management of databases held…

Q: Define the term Net method.

A: As per the net method, the company records the amount of purchase by deducting any potential…

Q: Define classified boards

A: In classified board structure, certain board of directors are classified depending on time length of…

Q: Explain discretionary access privileges.

A: In discretionary access privilege, the proprietor of the item indicates which subjects can get to…

Q: Prepare an inc

A: In this problem we need to calculate operating income from the given…

Q: Define charter

A: Introduction: Charters are legalized documents that lawfully set up corporate companies. Only…

Q: Define Physical location exchange

A: Exchange relates to a platform where the asking and bidding of various securities of different…

Q: Define best efforts arrangement

A: Introduction: There are two techniques utilized by the corporations to vend their stocks that is…

Q: what is Reference control ?

A: I assumed as a question, as what is meant by the reference  to cost control?

Q: Define FIFO method

A: FIFO stands for , First in first out method , is an asset management and valuation method in which…

Q: audit

A: Not likely to a violation     as auditor can show his work to any outsider if required by law

Q: inform Label

A: Gross Income of any individual refers all types of taxable…

Q: Define the term assurance.

A: Assurance: Assurance is a financial coverage that delivers payment for an occurrence that is sure to…

Q: Define vesting

A: The process by which a secured the right of present or future deployment is given to the holder…

Q: Define call provision

A: The bonds refer to the debt securities that allow the issuer to raise capital from external sources,…

Q: Recommend wl decisions.

A: Profitability index is a calculation that divides the current value of expected anticipated cash…

Q: Define Direct method

A: The Direct Method is Described Below -

Q: Define Prepayments.

A: Step 1 The outflow of money to reduce the liabilities occurred in the current accounting period…

Q: Define anchoring

A: ANCHORING- ''Anchoring is that the use of extraneous info, like the acquisition worth of a security,…

Q: Define transaction

A: A transaction is an instance of buying or selling something.

Q: Distinguish between conceptual and physical systems.

A: Accounting Information System: The system which helps to gather, store and process the accounting…

Q: Explain an example of external events.

A: Accounting event is a transaction that is recorded in the books of accounts of the company. There…

Q: Define specific identification method

A: Define specific identification method?