Explain professional corporation (PC)?

Q: The importance of organizations in general of all kinds

A: An organization is that type of an entity like a company, institution or an association which aims…

Q: Explain in detail and also give example. Business Entity concept

A: Accounting concepts: Accounting concepts laid the foundation for recording all the financial…

Q: External user group, often referred to as financial intermediaries. What does they include in their…

A: A financial Intermediary typically serves as a linkage between the person who has the capital and…

Q: IFRS are relevant to various stakeholders. State the relevance of IFRSs to each of the following…

A: (i)For InvestorsIFRS can furnish clients of financial statements with expanded understandability,…

Q: Briefly explain how regulatory agencies and legalsystems affect corporate governance.

A: Corporate governance is the set of rules and regulations controlling the operations of a company.

Q: discuss the three ways of resolving the agent problem in public company

A: Principal agent problem arise when there is a conflict between interest of principal and agent. This…

Q: Explain The Corporate Organization and its types.

A: Corporation: Corporation is a form of business organization which is created and organized as per…

Q: corporate governance principles

A: Corporate governance is an important aspect in accounting. We can say that corporate governance…

Q: Identify characteristics of corporations and their organization.

A: Corporations: It is one of the common ways an entity is registered. In accounting, a corporation…

Q: Define professional corporation

A: Answer: A corporation is a separate legal entity to be registered under state law from its managers…

Q: Corporate governance is concerned with:

A: Corporate Governance is a set of principles, systems and, processes that make sure that a company is…

Q: model of corporate governance in U.K.?

A: Answer: Corporate Governance is the rules and regulations that are set for the company to follow to…

Q: Setting accounting standards by the private sector is

A: The common law is developed on the basis of the particular case. It represents the development of…

Q: Support for Politicization of rule making for accounting standards

A: The politicization of accounting rulemaking should not be viewed in a narrow sense. As accounting…

Q: Explain the reasons for the need of corporate governance code

A: Corporate governance is the bedrock of any successful company. It refers to the procedures, methods,…

Q: interest

A: Introduction: Stakeholders of the organization would include various parties like customers,…

Q: How corporate governance is defined?

A: Corporate governance can be defined using the following points:

Q: Explain the features ofa corporation

A: Corporation: A corporation is a form of business entity that is incorporated through the state…

Q: What are the stages in organizing a corporation

A: Steps that are involved in organising corporations :- (1) identification and division of…

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: 1. Why should corporate governance be in place?

A: Corporate governance refers to the relations, mechanisms as well as processes collection that is…

Q: What is corporate governance?

A: Corporate Governance is a framework that includes rules, processes, guidelines, laws to govern the…

Q: Should organisations operate in the interest of shareholders or the stakeholders?

A: Stakeholder means those person who use and study the financial statement and make the appropriate…

Q: Define corporate governance

A: It is the basic set of principles and rules using which a corporate organization is governed…

Q: Principles of professional accountancy? Expalin

A: Professional accounting may be defined as an accounting field that would be defined by a statutory…

Q: accounting definition?

A: Accounting means a process of recording , classifying , summarizing , interpreting and communication…

Q: What is the purpose of organizations and why do they exist?

A: The organization  is a process that  involves the people , their strong commitment  and efforts to…

Q: List some common consulting engagements.

A: Consulting engagements: Consulting engagements refer to the agreement between the audit client and…

Q: Evaluate the significance of corporate governance?

A: Corporate governance is the set of rules, procedures, and processes that guide and control a firm.…

Q: 1- In your own words, explain the SEC's relationship to the FASB. 2 -Contrast the role of the…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Who is responsible for overseeing corporate activities?

A: Concept Introduction:   A company holds the money invested by its shareholders and investors; hence…

Q: Differentiate Private from Public Accountants?

A: Accountants are the professionals that are engaged in the work related to accounting and taxation of…

Q: Accountants role in the organization

A: An accountant can be anything from a simple bookkeeper to a strategic adviser, interpreting…

Q: Why do you think that one corporation/company needs to have an organization

A: A corporation seems to be a company that the state recognizes as a legal entity distinct from its…

Q: Describe Corporate Gvernance?

A: Corporate governance is the set of rules, procedures, and processes that guide and control a firm.…

Q: s that influence the adoption of computarised ac

A: Using computerized accounting systems, you may set up revenue and expenditure accounts for things…

Q: Explain the Purpose of Corporate Governance

A: Corporate governance means that the governance that involves the members of the board, governors,…

Q: Define certified public accountants.

A: A certified public accountant is an individual who have met a set of educational requirements to sit…

Q: Micro-business entities can use which basis of accounting

A: Micro business entities have the option to us any of the following basis of accounting in the…

Q: How governance can be used in the Corporate Governance? Give appropriate examples.

A: Governance is the system by which an organisation is controlled and operates. It is mechanism by…

Q: External user group, often referred to as financial intermediaries. What does these users provides?

A: Financial intermediaries: A financial Intermediary typically serves as a linkage between the person…

Q: Explain Model Business Corporation Act.

A: Corporation: A business concern where there is a separate legal entity, and are owned by…

Q: Rights of an accountant

A: An accountant is a person who is in charge of maintaining and analyzing financial records. Whether…

Q: s the view that accounting is a social science

A: Social science refers to the one aspect which examine the relationship among the societies and the…