Define the term conservatism concept.

Q: What does the term “attainable set” mean?

A: The art of deciding the investment mix and policy, making the investments equivalent to its…

Q: Define the Base Case and the Proposed Alternatives?

A: The base case is the output expected from the basic assumption made by the project team. The basic…

Q: Describe the approaches for Comparing Defender and Challenger?

A: The following are the approaches for comparing defender and challenger: Cash flow approach: Treat…

Q: What are the important guidelines for Selecting a MARR?

A: It places a base gainfulness prerequisite on the discount rate, or MARR, which a venture or…

Q: what does fichacuristic mean?

A: NOTE: The word "fichacuristic" is a spelling/typo error of the word "futuristic" in Step 2 first…

Q: Which alternative should be selected? Choose the correct answer below.

A: Net Present Worth: It is the present worth of the annual cash inflows and annual cash outflows…

Q: “As a practical matter, planning and control mean exactly the same thing.” Do you agree? Explain.

A: Introduction:   Planning and controlling are two sides of the coin. Planning is the first step of…

Q: Define the term PW criterion?

A: Present worth is a systematic identicalness technique where cash flows of a task are limited at…

Q: Define in your own words the term diversity.

A: Accounting diversity refers to variances in the recording and use of financial data; American firms…

Q: What is decision-making? What are the factors that influence individual decision-making?

A: Decision making: The ability to make a decision regarding a project, employee, and organizations it…

Q: difference morality and ethics?

A: Ethics are principles that regulate the behavior of employees while conducting any activity. It is…

Q: key parties who can influence, or will be affected by, your decision?

A: All items that may be material to affect the true state of affairs of the financial statements…

Q: Define the concept of going concern?

A: Going concern Concept: The basic principle of this concept is that business is assumed to exist for…

Q: ) Explain what an eth where individuals w project.

A: Ethical dilemma refers to the concept when an individual has faced with a dilemma to make the…

Q: What are the arguments for and against 'Stakeholder Theory'? Examine several arguments for and…

A: Stakeholder Theory is an idea about how business really works. According to it, for any business to…

Q: Why is professional judgment important in accouting?

A: Professional judgement means the experience gained by a professional through training and continuous…

Q: Determine whether an investment is visible, which factors should be considered?

A: In terms of finance, the term feasibility of a project means to check if the project is economically…

Q: Think of two [ of your ] real life examples about concervatism principle

A: Define Conservatism principle as follow

Q: egarded as a primary to nning? Discuss within

A: A business needs funds to run its operations. It needs money to run its day-to-day operations and to…

Q: form of opinion you would consider the most appropriate

A: The entity has made proper disclosure regarding the takeover of other company and expected increase…

Q: Explain the concept of contribution, its limiting factors and how it can effectively be used in…

A: INTRODUCTION: Decision-making is the process or act of determining anything using logic, intuition,…

Q: Define the Make-or-Buy Decision?

A: A make or buy decision is to choose whether to manufacture the produce in-house or purchase it from…

Q: Define the following terms: Input risks, financial risks, property risks, personal risks

A: Input risks refers to the input price risk or commodity price risk. The risk arises for either of…

Q: the conceptual framework includes which constraint a.prudence b. conservatism c. cost d all of…

A: IASB is the accounting standard body which is known as International Accounting Standards Board.…

Q: What is Agency theory ?

A: Agency theory Agency theory explains the connection between the principal and agent. concerned…

Q: Distinguish between responsibility, authority, and accountability. Which flow upward and which flow…

A: Responsibility: When a sub-ordinate is obligated to perform the duties assigned to him, it becomes…

Q: Define Ethics.

A: Ethics are a set of moral principles they affect how people in a society make decisions and how…

Q: Differentiate between private and public markets.

A: There are two types of markets for dealing with securities like stocks & bonds. They are public…

Q: Discuss the importance of group norms?

A: Group norms are rules and boundaries that enables a group to perform efficiently and hinder the…

Q: mples) through w

A: The Agency systemThe Agency device may be very popular in the modern-day commercial enterprise…

Q: Explain Prudence concept and provide example.

A: Following accounting concepts & principles are used in accounting:     Business entity principle…

Q: Give an example of each of the following: a quantitative basis for making a decision and a…

A: Solution- Decision making in Excel can be both Quantitative and Qualitative based. But It can be…

Q: Describe the term Legitimized disagreement and skepticism?

A: Disagreement means not giving the consent or objecting to something such as a proposal or people's…

Q: Distinguish between participating or nonparticipating?

A:

Q: Identify the following terms: PV, E

A: PV (Planned value) : This can be understood as the first step in managing gained value. The accepted…

Q: Explain the Abstract and Opinion Method?

A: Abstract and Opinion method is an approach of assuring of property’s title. Abstract and Opinion…

Q: Define Conservatism.

A: Conservatism: Conservatism is an accounting assumption, it is as an approach used by the accountants…

Q: What is meant by the do-nothing alternative?

A: Do-nothing alternative means that there will not be sufficient facilities created to solve the…

Q: - form of opinion you would consider the most appropriate

A: The client has made appropriate disclosures regarding the intention to discontinue the manufacturing…