Question

In: Accounting

1.what is entry financial performance and position? 2.what is IFRS presentation financial statements required:the answer for...

1.what is entry financial performance and position?
2.what is IFRS presentation financial statements

required:the answer for each question must be just 3
 Sentences.

Solutions

Expert Solution

Answer:-

1.what is entry financial performance and position?

  • Money related explanations speak to a formal record of the budgetary exercises of a substance.
  • These are composed reports that amount the money related quality, execution and liquidity of an organization.
  • Monetary proclamation mirror the budgetary impacts of business exchanges and occasions on the element.
  • Four kinds of budgetary explanations,

( a ) . Statement of money related position

( b ) . Income explanation

( c ) . Cash stream explanation

( d ). Explanation of progress in value

2.what is IFRS presentation financial statements

required:the answer for each question must be just 3 :-

  • The utilization of IFRS remains, with extra indulgence when essential, is attempted to result in money related articulations that accomplish a reasonable presentation,also manages going concern issues, balancing and change in introduction or characterization.

Related Solutions

1.what is entry financial performance and position? 2.what is IFRS presentation financial statements required:the answer for...
1.what is entry financial performance and position? 2.what is IFRS presentation financial statements required:the answer for each question must be just 3  Sentences.
1. what is entry financial performance and position? 2.what is IFRS presentation financial statements?
1. what is entry financial performance and position? 2.what is IFRS presentation financial statements?
1.what is entry financial performance and position? 2.what is IFRS presentation financial statements regarding to SOCI...
1.what is entry financial performance and position? 2.what is IFRS presentation financial statements regarding to SOCI SOFB SOCF required:the answer for each question must be just 3  Sentences.
1.what is entry financial performance and position? 2.what is IFRS presentation financial statements regarding to SOCI...
1.what is entry financial performance and position? 2.what is IFRS presentation financial statements regarding to SOCI SOFB SOCF required:the answer for each question must be just 3  Sentences.
IPSAS Description IAS/IFRS Description 1 Presentation of Financial Statements 2 Cash Flow Statements 12 Inventories 17...
IPSAS Description IAS/IFRS Description 1 Presentation of Financial Statements 2 Cash Flow Statements 12 Inventories 17 Property, Plant & Equipment 33 First-time adoption of Accrual Basis IPSASs’ Identify/find the corresponding IAS/IFRSs’ for the IPSASs’ listed in the table above, then write on at least 3 similarities and 3 differences between the respective standards.
Financial statements provide information about the financial position, performance and changes in the financial position of...
Financial statements provide information about the financial position, performance and changes in the financial position of the organization. As a healthcare manager, would accounts receivable affect the bottom line and how would you prevent loss of income?
“Financial statements are a structured representation of the financial position and financial performance of an entity....
“Financial statements are a structured representation of the financial position and financial performance of an entity. The objective of financial statements is to provide information about the financial position, financial performance and cash flows of an entity that is useful to a wide range of users in making economic decisions.” AASB 101 Presentation of Financial Statements Question: In your own words, define the various elements of financial statements and discuss how they contribute to the objective of providing information for...
STANDARDS IPSAS vs IAS IPSAS Description IAS/IFRS Description 1 Presentation of Financial Statements 2 Cash Flow...
STANDARDS IPSAS vs IAS IPSAS Description IAS/IFRS Description 1 Presentation of Financial Statements 2 Cash Flow Statements 12 Inventories 17 Property, Plant & Equipment 33 First Time Adoption of Accrual Basis IPSASs Identify/find the corresponding IAS/IFRSs’ for the IPSASs’ listed in the table above, then write on at least 3 similarities and 3 differences between the respective standards JOURNAL ENTRIES Cash vs Accrual Accounting Entries Company X is located in the commercial sector of Trinidad and Tobago and has been...
IFRS financial statements
Required:Prepare the statement of cash flows assuming that Bluebonnet prepares its financial statements according to International Financial Reporting Standards. Where IFRS allows flexibility, use the classification used most often in IFRS financial statements. E 4–13. 
The objective of IAS 1 Presentation of Financial Statements is to prescribe the basis for presentation...
The objective of IAS 1 Presentation of Financial Statements is to prescribe the basis for presentation of general purpose financial statements, in order to ensure comparability both with the enterprise’s own financial statements of previous periods and with the financial statements of other enterprises. Discuss how far the objectives of IAS 1 are relevant in today’s environment. (Approx 1300 words). Support your answer with examples.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT