Are the use of non-GAAP financial measures ethical?

Q: How is a financial statement under IFRS different from

A: Solution- In IFRS you need to provide Other Comprehensive Income Statement also in addition to…

Q: What are the quantitative disclosures that must be done by lessee?

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Q: What is the use and purpose of Financial Performance Measures and Non-financial Performance…

A: Although financial indicators are vital for performance evaluation, many businesses utilize a…

Q: What are the factors contributing to the trend toward fair value accounting?

A: Fair value accounting refers to the valuation and accounting of the asset or liabilities based on…

Q: why is there a need to use different financial tools and techniques?

A: Financial statement analysis- It is the process of reviewing and analyzing financial statements to…

Q: Examine some of the limitations of financial statements and suggest ways to overcome them.

A: Financial Statements are organised summaries of detailed information about financial position and…

Q: Which of the following is NOT considered a finance activity?     Operations management assessment…

A: A company or a firm works with the combined efforts of all the departments of a firm. The different…

Q: What is “fair value”? Consider whether it is really helpfulwhen reporting financial results. Give…

A: Fixed assets: These include all the assets that are of tangible nature and have an expected useful…

Q: terms of the function of financial reporting, how do the IASB and FASB conceptual frameworks diffe

A: Financial Accounting Standards Board (FASB) is established with the sole responsibility to formulate…

Q: What are the measurement issues in the standard IFRS16? Which basis of measurement is allowed? Why…

A: (1) In the year 2016, The International Accounting Standards Board (IASB) published a standard on…

Q: What is financial material abuse?

A: Financial Material Abuse - Financial material abuse refers to the abuse of  fraud , theft or making…

Q: What are the benefits of pro forma financial statements?

A: Pro forma financial statement:Pro forma financial statements is a report which are prepared on the…

Q: what are the possible violation of financial reporting protocols ?

A: Financial Statements: Financial statements are formal records of the monetary activities and…

Q: What is the likely limitation of “general-purpose financial statements”?

A: Financial statements: Financial statements are condensed summary of transactions communicated in the…

Q: How is materiality (or immateriality) related to the proper presentation of financial statements?…

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Q: Explain an example of objective of financial reporting.

A: Hi since examples cannot be used to explain the objectives of financial reporting. It is assumed…

Q: What assumption is made regarding the external users of financial statements?

A: Financial Statements: The organization records the financial information related to transactions.…

Q: What are the quantitative disclosures that must be done by lessor?

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Q: What is the quantitative disclosure of lessor?

A: Definition: Lease: Lease is a contractual agreement whereby the right to use an asset for a…

Q: What are some possible financial decisions in which using the Rate formula might be helpful

A: An interest rate, denoted r, is a rate of return that reflects the relationship between differently…

Q: How can we establish the Goal or Objective regarding financial decisions?

A: Answer: Every individual needs to prepare their finances properly to fulfill their priorities and…

Q: Define and explain the agency problem in terms of differences in ability to diversify risk by…

A: Agency problem occurs when there is a conflict of interest when manager is in dilemma to serve the…

Q: Explain the difference between the financial statement approach and the valuation approach. Which…

A: Financial statement approach: Under this approach, the company prepares an income statement, cash…

Q: What are the fundamental elements of an adequate financial planning process. What are the…

A: Answer: Financial planning is nothing but an on-going mechanism for the advancement of the course…

Q: What is meant by the term materiality in financial reporting?

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Q: What are the ethical considerations in making subjective valuations of these complex…

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Q: When it comes to financial instruments, what distinguishes one from another? Please give us a…

A: Introduction: The money market is the market in which buyers and sellers engage to buy and sell…

Q: What are some limitations of financial performance measures?

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Q: Why is the reporting of investments and fair value required? Justify your response.

A: Investment refers to the deposits made in securities to earn a regular income and capital…

Q: Why are disclosures important in financial statement and what are its benefits?

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Q: What are the arguments favoring the regulation of financial reporting?

A: Financial reporting:   Financial reporting is the procedure to communicate the information obtained…

Q: Why is the application of fair value principle in measuring the financial position less objective…

A: the application of fair value principle in measuring the financial position is less objective than…

Q: Is externally reported financial information always preciseand accurate?

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: How do u conclude on how the financial systems could be resolved?

A: A financial system is an ecosystem where financial transactions like lending and borrowing takes…

Q: What can be understood from hedge accounting?

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Q: what does an alternative reformulation of financial information mean?

A: Financial statement A financial statement refers to those which are prepared in order to ascertain a…

Q: Why must financial analysis be related to a specific objective?

A: Financial Analysis: The use of a business entity's financial statements in order to assess its…

Q: Define fungibility, and explain why it matters in financial decisionmaking.

A: Fungibility: Something which is fungible is easily substitutable or exchangeable. Fungibility exists…

Q: What are some steps taken by both the FASB and IASB to move to fair value measurement for financial…

A: International Financial Reporting Standards: IFRS (International Financial Reporting Standards) is a…