Define Disclosure notes.

Q: Describe rules-based accounting standards.

A: Financial accounting is the process of recording, summarizing, and reporting all the transactions in…

Q: What information is each type of document supposed to provide?

A: Answer: There are different types of documents which provide various information.

Q: Reporting Standards (PFRS) purpose financial statements, elements, recognition an presentation and…

A: PFRS: Philippine financial reporting statement These are the set of accounting rules as per GAAP…

Q: Define declaration date

A: Answer: Declaration data is nothing a date the dividends are declared. This is usually done first…

Q: Describe about the full disclosure principle. Also tell the different ways in which information is…

A: Full disclosure principle: According to the principle of full disclosure, all the events occurred in…

Q: The document which sets out basic rules for how a compay is to run?

A: Every company operating as a limited liabilities corporation, partnership firm, or public company…

Q: What is a wraparound filing?

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

Q: Define the term auditor fees.

A: Audit fee is the economic remuneration for auditors who provide audit services, which are an agency…

Q: What can be understood from Integrated disclosure system.

A: Integrated disclosure system: It is an update in the security exchange commission’s guidelines to…

Q: Explain in detail Full disclosure principle with example.

A: The full disclosure concept or norm is an idea that allows a company to disclose all basic facts…

Q: Review the full disclosure principle and describe how it is implemented

A: While preparing the financial statements of company, some genera rules & guidelines have to be…

Q: Explain an example of auditor’s report.

A: A written letter which contains the opinion of the financial statements of the company by an auditor…

Q: Define bylaws

A: An organization's Bylaws are the core values the association works under.

Q: Define Full-disclosure principle.

A: Accounting:   It refers to the process of recording the transactions of the business in a systematic…

Q: Define rights offering

A: A rights offering is an offer made by a Company to issue additional stock to the existing…

Q: Explain the format of classified balance sheet.

A: Definition:   Classified balance sheet: The main elements of balance sheet assets, liabilities, and…

Q: Define bill-and-hold arrangement with example.

A: Bill on hold: Bill on hold transaction specifies that shipping of the product is not done by the…

Q: ng information?

A: Concept: Information contains in the financial statements is said as free from bias. It reflects a…

Q: What is non-posted interest on statements? Please explain.

A: The answer is stated below:

Q: What is the importance of date of declaration, date of record, and date of payment?

A: Following are the importance of declaration date, record date and payment date in accordance with…

Q: Explain the concept of adequate disclosure.

A: Definition: Adequate Disclosures: In accounting, there is a need for adequate disclosures as these…

Q: Describe how options, rights, and warrants are incorporated in the calculation of EPS.

A:

Q: Discuss regulatory disclosure requirements

A: Rules that must be abided by in disclosure statements provided to clients or customers. These…

Q: Define charter

A: Introduction: Charters are legalized documents that lawfully set up corporate companies. Only…

Q: In addition to EPS numbers themselves, what additional disclosures should be provided concerning the…

A: Earning per share (EPS) refers to the measure of earnings that are available to each share in a…

Q: Define accounting

A: One of the most important factor any business is accounting. An accountant is the one who handles…

Q: Characterize accrued liabilities and liabilities from advance collection and describe when and how…

A: The liabilities are the amount of money which a company has to pay to others. It includes accrued…

Q: explain the relationship of fi nancial statement elements and accounts, and classify accounts into…

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

Q: Explain Bill-and-hold concept.

A:

Q: What major types of items are reported in the retainedearnings statement?

A:

Q: Define Accounts.

A: An account is a summary of the record of all the transactions relating to a person, asset , expense…

Q: Describe the term certificate of compliance?

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: Prepare the journal entries in relation to the provision liability

A: Liability can be defined as present obligation arising due to past events resulting into outflow of…

Q: Determine which balance sheet information requires supplemental disclosure.

A: Balance Sheet: Balance Sheet is one of the financial statements which summarize the assets, the…

Q: Define structured note

A: A structured note is a debt obliged derivative that helps portfolio managers to provide their…

Q: Define Source documents.

A:

Q: What documents constitute the AP packet? Whatevidence does each document provide?

A: An organization should record a liability in its books of accounts based on the invoice amount after…

Q: Define security instrument (or trust receipt)

A: A trust receipt is a notification of the release of goods from a bank to a purchaser, with the bank…

Q: Prepare the SFP in Account Form

A: SFP is statement of financial position, which is one of the financial statement that is being made…

Q: What can be interpreted from Accounting Standards Codification (ASC), of FASB?

A:

Q: What is the full disclosure principle?

A: Principles are followed by the business for preparing financial reports.

Q: What is disclosure? Write down about disclosure notes.

A: Disclosure means disclose the information properly for the users. Disclosure should be complete and…