List 4 risks and corresponding controls on assets (building, machine etc)

Q: Define breakup value

A: The breakup value is the valuation of the company for liquidation in the market. It is best known as…

Q: Explain common principles and limitations of internalcontrol.

A: Internal Control is a concept which ensures management to to safeguard its assets. Internet control…

Q: Define assets and types of assets.

A: Assets: An asset is a resource controlled by the enterprise as a result of past events and from…

Q: Explain in your own words the key objective of IAS36 – Impairment of assets.

A: An impaired asset is one with a market worth less than the value shown on the balance sheet. When an…

Q: Define the term nonmonetary assets.

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

Q: How to value the assets of property, plant and equipment

A: Property, plant and equipment are regarded as tangible fixed assets and they should be valued…

Q: Illustrate the features of the MAC RS depreciation method?

A: The modified accelerated cost recovery system (MACRS) is an arrangement of depreciation utilized in…

Q: lassification costs

A: A long-term physical piece of property or equipment that a company owns and utilises in its…

Q: Explain relaxed policy (current assets)

A: Relaxed Policy is just something contrary to a restricted approach.

Q: Find the FASB ASC reference that explains how to measure an asset's impairment loss.

A: ASC- 360 provides guidance on accounting for the impairment or disposal of long-lived assets. The…

Q: Define Pledging.

A: When we talk about pledging in terms of accounting, it is to be noted that the word pledging is…

Q: Discuss the rationale of using total assets as a basic in determining materiality.

A: The concept of materiality is fundamental to the entire audit process and is applied by auditor.  1.…

Q: determining the value of the assets?

A: Criteria could be considered:-  1.Which information asset would be the most expensive to project?…

Q: Define a financial asset

A: A contractual financial instrument is classified into financial assets and liabilities. They are an…

Q: Choose one example of an asset, and referring to the characteristics of assets, explain why your…

A: Assets are property of the company which provides economic benefits to the company. A liability…

Q: Define restricted policy (current assets)

A: The assets which are liquidated and converted in cash within a time period of one year and less than…

Q: Explain estimated fixed assets

A: Introduction:- Assets are resources (property) presented in the balance sheet because for it an…

Q: Explain the reporting and possible depreciation of infrastructure assets.

A: Depreciation: Depreciation refers to the reduction in the monetary value of a fixed asset due to…

Q: 2- Why is the fixed asset riskier than current asset?​​​​​​

A: Fixed Assets are the assets invested by the company to be with the firm for more than 12 months.…

Q: Discuss the nature of acquiring fixed assets?

A: Fixed assets are one of the major investments of a company and this covers the huge part of the…

Q: Mention at least 2 reasons that justify the risk measuremen

A: Measurement of risk is very important in business planning and analysis.

Q: describe diff erent types of assets and liabilities and the measurement bases of each

A: Assets are worthy resources that business owns to get future benefits. They are fixed assets which…

Q: how to solve  the supplies in current assets

A: Supplies in the current assets includes the supplies which is still in the hands of the entity and…

Q: Define Security Market Line (SML

A: When the cost of equity obtained from CAPM model is graphically presented, it is known as Security…

Q: why is there a need to re evaluate impairment of assets due to trigger events?

A: The impairment refers to the decrease in the value of assets of the company. This reduction is…