The IASB assumes that financial information that helps investors and other users of general purpose financial reporting make their investment decisions is useful for all other information users. Do you agree?
The IASB assumes that financial information that helps
investors and other users of general purpose financial reporting
make their investment decisions is useful for all other information
users. Do you agree? Discuss.
Do you think the financial statements provides ALL the necessary
information to external users to make better decision? Mention any
information that should be known by external users and not included
in the financial statements?
Q2: From a personal perspective, why do accountants have to
divide the life of the entity into periods?
a) Do you agree with a ‘one size fits all’ approach to financial
reporting, that is, that all countries should adopt the same
accounting standards and conceptual framework?
Required:
Explain your answer by discussing the arguments in favour of and
against the harmonisation
of accounting standards.
a) Do you agree with a ‘one size fits all’ approach to financial
reporting, that is, that all countries should adopt the same
accounting standards and conceptual framework?
Required:
Explain your answer by discussing the arguments in favour of and
against the harmonisation
of accounting standards.
Unfortunately, auditing is not necessary for effective
financial reporting. Do you agree with this statement? In 300
words, defend your position with reputable sources.
Q1 :Do you think the financial statements provides ALL the
necessary information to external users to make better decision?
Mention any information that should be known by external users and
not included in the financial statements?
Q2: From a personal perspective, why do accountants have to divide
the life of the entity into periods?
answer both Questions
no hand writing or pics
Why do internal users need financial data. 1. to make business
decisions and compare business performance with previous years 2.
to invest in the business stocks 3. to invest in stocks and make
business decisions 4. to analyze the risk involved in lending money
to the business 5. to understand the risk involved in lending
resources to the business
2. As an investment manager, you frequently make decisions about
investing in stocks versus other types of investments, and about
types of stocks to purchase.
You have noticed that investors tend to invest more heavily in
stocks after interest rates have declined. You are considering this
strategy as well. Is it rational to invest more heavily in stocks
once interest rates have declined? 3 marks
Assume that you are about to select a specific stock that will
perform well...
Explain how airlines will have to strategically watch other
competitors to make decisions. How do you think this will impact
both consumers and firms? Why do you think firms in this market
structure will advertise to be able to create more opportunities to
gain business?