Explain challenging face by the malaysian government in order the transitions from cash accouting to accrual accounting to be successful during covid-19 pandemic ..with explaination and examples
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Explain challenging face by the malaysian government in order the transitions from cash accouting to accrual accounting to be successful during covid-19 pandemic ..with explaination and examples
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- Explain the transitions from ( modified ) cash accouting to accrual accounting on malaysian public sector ... with examplesExplain the procedures of accounting for the cash by Central Governments in theCaribbean using the cash basis of accounts as guided by the IPSASs and the PrivateSector companies in the Caribbean using the accrual basis of accounts as guided by theIFRSs and the IASs.Differentiate between Riba-al-Nasia and Riba-al-Fadl with examples of each. What is the role of Market Practice in Riba? During COVID-19, following economic relief packages were delivered by different states. Ehsaas Emergency Cash program has been launched by the Prime Minister of Pakistan on April 1, 2020. United States issued $1200 checks to Americans. The UK government committed £30 billion to saving jobs and helping the young find work in an economy ravaged by the corona virus pandemic. Do you find any type of Riba involved in any of these packages? If yes, which one? How? (you can explore the details of these packages).
- Which of the following assets are not included in “cash equivalents” in a typical balance sheet?a. Foreign government securitiesb. Certain very low-risk equity securitiesc. U.S. government securitiesd. Time depositse. All of the above might be included in“cash equivalents.”Which of the following is a matured money market instrument widely used in the USA, Europe and Asia where both cash and securities are the motivators? a. Commercial Papers b. Treasury Bills c. Repurchase Agreements d. Certificate of DepositsThe U.S. financial system is composed of (1) policy makers, (2) amonetary system, (3) fi nancial institutions, and (4) financial markets.Indicate which of these components is associated with each of thefollowing roles. a. Accumulate and lend or invest savingsb. Create and transfer moneyc. Pass laws and set fi scal and monetary policiesd. Market and facilitate transfer of financial assets
- The President of ghana launched a COVID-19 business alleviation program in collaboration with national board for small scale industries, trade associations and some selected banks. under the program the government is giving funds without interest to sellected financial institutions for onward lending to businesses at at a 3% interest. The program is aimed at helping beneficiaries to sustain their bunisesses during the pandemic. Use the following information to answer the questions a. explain the monetary policy tool being used b. if the government pegged interest rates at the monetary policy rate will this have been a better way of setting the rate? explain the advantages and disadvantages. c. explain the impact of a low interest rate program on Gross domestic product (GDP), articulating possible pathways.For each of the following monetary policy tools:A. The BSP buys securities in the open market.B. The BSP sells foreign exchange currentC. The BSP increases the reserve requirement ratio.D. The BSP applies its moral suasion ability requesting commercial banks to lowerdown interest rates.E. The government decided to deposit funds at the BSP.1. Determine whether the monetary tool imposed by the BSP is an expansionary or acontractionary policy.Ghana continues to face challenges with the Cedi depreciation and chronic current account deficits, you as an accomplished international financial manager of your company have been retained to provide medium-term recommendations to solve this age-old international economic problem. Required;Use the balance of payment- BOP- FRAMEWORK MODEL as a background in your policy paper. Your policy paper should be addressed to the Governor of the Bank of Ghana.
- Which of the following statements is correct? Please select the right answer. US Standards are considered to be more principles-based than IFRS Accounting Standards The requirements of Ind AS are identical to IAS 7 in resepct of the preparation of the statement of cash flows There are no differences between IAS 1 Presentation of Financial Statements and its US equivalent standard IFRS 15 Revenue from Contracts with Customers is an example of a recent IFRS Accounting Standard that that the IASB and FASB have developed jointly Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Which of the following is not a function of a Central Bank? Question 19Answer a. To regulate the issue, supply and availability of money. b. To manage the foreign exchange reserves. c. To advise government on monetary and fiscal matters. d. To manage the public and private debt in the country.Explain the International Standards Governing Cash and Accrual Accounting (First-Time Adoption)