Answer of the following question related to these characteristics and constraints. A company should disclose information only if the perceived benefits of the disclosure exceed the costs of providing the information. Which constraint does this statement describe?

Q: Explain how the move towards greater use of fair value accountingmight increase information risk

A: Introduction: Information risk: Information Risk is the risk that the information based on which…

Q: Companies that use OSD can deduct the cost of sales or the cost of services. Is it true or false

A: Business activities in every country are governed by certain Business laws that have direct…

Q: The Question is: True or False & Why?: Comparability across companies will be enhanced since ASC…

A: ASC606 is the new guideline set up by IASB and FASB together to overcome the disparity in revenue…

Q: Describe a nonmanufacturing business that could benefit from the use of standards. Also, explain how…

A:

Q: Answer the following: In detail, what's the benefit of accounting harmonization?

A: “Since you have asked multiple questions, we will solve the first question for you.  If you want a…

Q: why there is material uncertainty in the company?

A: There are several problems which are faced by the companies for both internal sources and external…

Q: The value chain is all the activities associated with providing a product or service. True or False?

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Which of the following is NOT an internal consideration in analyzing the decision environment?…

A: In financial management, managers have to take various business decisions by considering the…

Q: 1. What is the purpose of an EDP audit?

A: Dear student, I am answering only the first question, because we can answer an only a single…

Q: auditor’s written management representation

A: Option A is wrong because written representations are not made for cost-benefit justification.…

Q: What is meant by GAAP? Why should all companies follow GAAP in reporting to external users?

A: Generally Accepted Accounting Principles (GAAP): Generally Accepted Accounting Principles are the…

Q: What is meant by the nature of the company, and why is it important to inherent risk assessment?

A:

Q: If so many companies find non-GAAP calculationsuseful when communicating with their stakeholders,…

A: GAAP is a set of rules for efficiently capturing and interpreting accounting data. GAAP standards…

Q: Identify the party below that is not external to the firm. A vendor B government agencies C)…

A: External party is an entity, individual or organization that is outsider of firm.

Q: the difference in the performance of various firms within an industry limit the usefulness of…

A: The aim of conducting Industry analysis is to identify opportunities in which the investor can put…

Q: Identify examples of economic and transaction exposure, and discuss how MNCS mitigate these risks.

A: Exchange rate volatility affects small and medium-sized firms, including those that only operate in…

Q: Explain how hazards will help reduce the impact of loss in a company?

A: Loss is referred to as the decrease in net income in an financial terms, which is outside the normal…

Q: How can a business owner identify risk exposure?

A: Introduction: Risk can be characterised in terms of the uncertainty of future consequences resulting…

Q: What is the authoritative status of the Conceptual Framework? The Framework applies when FRSC…

A: The Conceptual Framework's main goals are to help users of financial reports comprehend the data in…

Q: To determine if a performance obligation exists,   A. none of the alternatives are correct.   B.…

A: Introduction: Performance obligation: Rendering service or delivering the goods are pending , its a…

Q: Why is it important for a company to operate cross-functionally?

A: Solution- Importance of cross-functional:  1-It is important for a company to operate…

Q: define contingent liability and give an example. How would you management of a company distort a…

A: Solution Concept Contingent liability               Contingent liability means the liability which…

Q: Evaluate three cost/benefit ratios for most companies that are required to comply with SOX. Indicate…

A: Sarbanes-Oxley or SOX is an act passed by the government of U.S. in 2002 with the prime objective of…

Q: What are the key points of the ‘‘Issuer and Management Disclosure’’ of the Sarbanes-Oxley Act?

A:

Q: D costs. b. Under IFRS, the product development portion of R&D is capitalized. c. U.S. standard…

A: R&D costs refer to the research and development costs refer expenses involves while a company…

Q: Regulators may impose political costs on firms. However, there are ways that some firms practice to…

A: During the past few years, it has been observed that the size of the company and the level of…

Q: Information is neutral if it: a.  provides benefits which are at least equal to the costs of its…

A: Information is neutral if it: As neutral as per this question means when the particular information…

Q: Reporting financial information imposes costs and obviously these costs should be justified by the…

A: Financial information means information related with the financial statements like Income Statement,…

Q: Discuss the concept of exposure and explain why firms may tolerate some exposure.

A:

Q: Cite a specific example of non-value added activity that can be eliminated in a particular industry.…

A: NVA activities are tasks that do not add to the shape or function of the market. Filing, copying,…

Q: Describe Contract View of Business Firm's Duties to Custómer. What is the moral duty to consumers…

A: Contract view of the obligation of the company to their customer: The view that the partnership…

Q: Question 19 means accountability to those existing and potential resource providers and others…

A: The question is fill in the blanks.

Q: What is a reasonably foreseeable use of a productand why is it important to companies?

A:

Q: What are the segment reporting rules under the FASB, and how do they differ from the IFRS? How are t

A: Segment reporting rules under the FASB Business segment reporting breaks out a company's financial…

Q: Describe a nonmanufacturing business that could benefit from the use of standards. Additionally,…

A: Standard is nothing but a parameter for any process which is used to compare actual results with…

Q: What is meant by fundamental analysis? What type of information is disclosed in fundamental analysis…

A: Fundamental analysis is the establishment of the fair market value of the company's stock. This is…

Q: Discuss the characteristics of the firms and sectors which have cut or fully withdrawn guidance on…

A: Please find the answer to the above question below:

Q: Why is it important to understand the economic systemunder which a company operates before entering…

A:

Q: What does GAAP mean? Why should businesses adhere to GAAP when reporting to external stakeholders?

A: The accounting is a process to identify, classify and record the transactions of the business and to…

Q: In applying the revenue recognition​ principle, which of the following statements regarding multiple…

A: Explanation: For an example  If an entity has signed a contract that has to perform more than one…

Q: Should public companies be allowed to publish any non-GAAP performancemetrics? Why or why not?

A: Non-GAAP reports the norm and cause changed on a case by case basis to additional precisely reflect…

Q: Which of the following does not accurately describe a requirement that a company must fulfill when…

A: IFRS 1 First-time Adoption of International Financial Reporting Standards sets out the procedures…