Answer:
I know what is the difference between financcial statement and financial reporting : Financial statements": balance sheet, income statement, statement of cash flows, and statement of changes in owners' or stockholders' equity. "Financial reporting": includes the basic financial statements and any other means of communicating financial and economic data to interested external parties.
what is some major challenge facing the accounting profession ?
Answer:
Cash Flow. Cash flow has always been a concern for accountants, but it is becoming a top priority. ...
Staff Bandwidth. ...
Financial Reporting. ...
Lack of Automation. ...
Tax Law Changes. ...
Big-Budget Team. ...
Regulatory Changes. ...
New Accounting Standards.
Explanation:
How is a ratio table used to graph equivalent ratios?
A. Find the value of each ratio as a fraction and plot the fractions on a number line.
B. Find the differences of the values in the ratio table and plot the differences on a number line.
c. Use the values in the ratio table to write coordinate pairs for the points on the graph.
D. Use the equivalent ratio in lowest terms to plot the numerator on the x-axis and the denominator on the y-axis, then connect the two points
C. Use the values in the ratio table to write coordinate pairs for the points on the graph.
what are the basic financial statement as per the IFRS?
A statement of financial position, a statement of profit or loss and other comprehensive income, a statement of changes in equity and a statement of cash flows. [tex][/tex]
Stephanie notices that it is starting to get windy outside. The wind is moving from the north to the south. What is the cause of the wind? (2 points)
a
There is high air pressure in the south and low air pressure in the north.
b
The air pressure is low.
c
The temperature of the air is above zero.
d
There is high air pressure in the north and low air pressure in the south.
Answer:
D. I believe would be the answer
describe the major constraint inherent in the presentation of accounting information
Explanation:
The major constraints on the presentation of accounting information (AI) are: The principle of materiality says that only relevant items should be disclosed in the financial statements (FS), but the complete disclosure principle says to disclose all the material items in the FS.
Use GSS file for this spss problem. Calculate the 95% confindence interval for the following variables, comparing lower, working, middle, and upper classes, (CLASS) in the GSS sample. Use the explore procedure using class as your factor variable
A confidence interval is the mean of the estimate plus and minus the variation that is in that estimate.
What is a confidence interval?Your information is incomplete as the data is not given. Therefore, an overview will be given. A confidence interval is the range of values you expect your estimate to fall between when you redo your test, within a certain level of confidence.
A 95% confidence interval means that we are to take 100 different samples and compute a 95% confidence interval for each sample, then 95 of the 100 confidence intervals will contain the true mean value.
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Find the critical value z alpha/2 that corresponds to the given confidence level 84%
Answer:
c20
Explanation:
which type of mental function would be the strongest & most obvious
Answer:
the functionalist approach to society.
Explanation:
7. According to the passage, during Peru's World Cup
qualifying match against Brazil, the narrator's family's
emotions turned from:
A. excitement into sadness.
B. resentment into reconciliation.
C. gloom into anger.
D. pity into embarrassment.
Answer:
I think it's c
Explanation:
I searched it up and that is the only one that's I feel is right
why is reproduction necessary?
Answer:
reproduction is necessary to continue the existence of their races on the earth and balance in the eco system
briefly describe the two fundamental qualities of useful accounting information ?
Explanation:
Relevance and reliability are the two primary qualities that make accounting information useful for decision making.
Relevance: Relevant information is capable of making changes or differences in decision making by helping in forming predictions about the results of past, present, and upcoming events for correct expectations.
Accuracy: It depends on whether the information, numbers, and descriptions match what happened earlier and what exactly existed.
Identify and correct the misconception about fractions in the following situations.if you cannot insert fractions in your explanations,then write the fractions in words,eg.three eighths. Tommy writes the fraction of the shaded part of the shape below as 3/5
[tex] \frac{3}{5} [/tex]
Answer:
Explanation:
Tommy's misconception in the problem below, is that his expression of the shaded area is the shaded area / non-shaded area, when the fraction for the shaded area should be the shaded area / total area
what is digital wellbeing?
Answer:
Digital well being is a term used to describe the impact of technologies and digital services on people's mental, physical, social and emotional health.
what is the objective of financial report
Answer:
The objective of financial reporting is to track, analyse and report your business income. The purpose of these reports is to examine resource usage, cash flow, business performance and the financial health of the business. This helps you and your investors make informed decisions about how to manage the business.
what occurs if the suns rays are spread over a greater surface area and must travel through more of the atmosphere before reaching the earth
As incoming rays move further away from the equator, solar intensity decreases. This is due to decreasing incoming sunlight angles that result in the Sun's rays being spread out over a greater surface area of the Earth. Latitudes near the poles always receive the Sun's rays at lower angles, therefore creating a colder climate.
Answer:
A. The temperature in this hemisphere is much colder due to the weak intensity of radiation.
Explanation:
explain the role of IFRS interpretation committee ?
Answer:
International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board.
Explanation:
The IFRS Interpretations Committee endeavours to reach a consensus on appropriate accounting treatment and provides authoritative guidance on the issue concerned. The interpretations issued by the committee are referred to as IFRIC Interpretations, taking their name from the previous name given to the committee, the International Financial Reporting Interpretations Committee (IFRIC).
:-befrank
what is mission of the IASB?
Answer: According to the Foundation, their mission statement is to "develop IFRS Standards that bring transparency, accountability and efficiency to financial markets around the world. Our work serves the public interest by fostering trust, growth, and long-term financial stability in the global economy."
Explanation: hope it helped! :)
for each item below ,indicate to which category of elements of financial statement it belong ...................section break (continues..............."(a) retained earning ,(b) depreciation (c),dividends ,(d),sales ,(e) loss on sale of equipment ,(f) gain on sale of investment (g),share premium ,(h) interest paybale (i), issuance of ordinary shares .
Answer:
collage right
Explanation:
what is meant by the term qualitative characteristics accounting information ?
Explanation:
Qualitative characteristics are the tributes that make the information provided in financial statements useful to users. Accounting information that is reported to facilitate economic decisions should possess certain characteristics or normative standards.
what is conceptual fraemwork? why is a conceptual fraemwork necessary in financial accounting
Answer:
A conceptual framework is an analytical tool with several variations and contexts. It can be applied in different categories of work where an overall picture is needed. It is used to make conceptual distinctions and organize ideas.
If scores on a police officer entrance exam are normally distributed with a mean of 50 x
= 50) and standard deviation of 10 (s = 10), what standardized score (z-score) represents
a person with an exam score of 60 (x = 60)?
The standardized score or z-score that represents a person with an exam score of 60 will be z= 0.
What is a standardized score?It should be noted that z score simply means the number of standard deviation by which the value of a raw score is either above or below the mean value.
In this case, the standardized score or z-score that represents a person with an exam score of 60 will be z = 0. This means that it's on the mean.
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if a difference between two variables is statistically significant, which of the following can be concluded
Answer:
To determine whether the difference between two means is statistically significant, analysts often compare the confidence intervals for those groups. If those intervals overlap, they conclude that the difference between groups is not statistically significant. If there is no overlap, the difference is significant.
Explanation: