How it's GAAP and IFRS is suitable for Corporate Entities ?

Q: What does the corporate charter describes?

A: Corporate Charter:   A corporate charter is a legal document that establish the existence of a…

Q: Analyse the potential conflict of interest in modern corporations due to agency conflicts and their…

A: Conflict between shareholder and managers are called the agency conflict. This conflict occur…

Q: Define closely held corporation

A: A closely held company is the public limited company which has a limited number of shareholders. The…

Q: Could a privately held company benefit from usingGAAP accounting, e

A: The Financial Accounting Standards Board publishes generally accepted accounting principles (GAAP),…

Q: Which characteristics distinguish a corporation's shareholders from the characteristics of its…

A: Characteristics distinguish a corporation's shareholders from the characteristics of its partners:

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: Explain the reasons for preparing and providing a shareholder agreement.

A: The shareholder agreement is the agreement between the shareholders and the board of the company. In…

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: hat is the difference between internal corporate governance to external corporate governance in…

A: Internal corporate governance: Internal corporate governance controls monitor activities and then…

Q: Compare the potential for agency problems in sole proprietorships, partnerships, and corporations.…

A: An agency issue is a contradiction of interest that exists in every connection in which one person…

Q: Explain publicly owned corporation

A: Publicly owned corporation: A publicly owned corporation is a corporation whose proprietorship is…

Q: Which of the following information should Starting Right Corporation present on its financial…

A: Answer: Introduction: Financial statements are the documents that any company prepares to show the…

Q: What type of organization primarily offers tax compliance auditing and consulting service A.…

A: It’s a business that provides accounting expertise, such as auditing and tax services, to…

Q: Evaluate the similarities and differences between trusts and corporations. In an attempt to protect…

A: A legal entity acting as an agent of the individual or entity just to manage the assets and transfer…

Q: ibe how agency conflicts in multinational corporation can be addres

A: Agency problem exist in the corporation due to conflict of interest between the managers and…

Q: Define shareholder rights provision

A: Answer: Usually, a shareholder right means a set of rights acquired by a shareholder by way of…

Q: Recommend actions for corporation companies on how to maintain or perhaps improve more their o

A: Answer: Corporate companies are those companies which are into the dealing with services and direct…

Q: Reasons for the need for corporate governance codes

A: Introduction: Good corporate governance guarantees that the board of administrators meets on an…

Q: Identify if statements are true for the corporate form of organization. It is a separate legal…

A: Corporation: The form of business entity ,which is incorporated by state law into a separate legal…

Q: Which of the following describes a corporation?

A: Corporation: A corporation is a business entity that is established through a process of law, i.e.,…

Q: Describe the basic characteristics of a corporation.

A: Corporation: It can be defined as a legal organization that has a separate entity from its owners…

Q: Explain Limited Liability Companies?

A: INTRODUCTION:- A limited liability company (LLC) is a business structure for private companies in…

Q: What is a corporation?

A: Forms of business organization:A business can be started in any form of business organization. The…

Q: What is a corporate charter and what does it permit?

A: A corporate charter is a legal document establishing the existence of a corporation. Once the…

Q: What is corporate governance? List five corporategovernance provisions that are internal to a…

A: Corporate governance: It is the framework of laws, strategies, and forms that direct and controls a…

Q: Explain the difference between a privately owned and  a publicily owned company?

A: The difference between a public and a private company are as follows:

Q: financial legislation and statutory requirements relating to taxable transactions and reporting…

A: Annual financial statements ought to be organized with the aid of using all entities besides small…

Q: What is meant by agency problem in the context of a public limited company

A: Public limited company is a kind of company that have a legal existence other than its owners and…

Q: What type of organization primarily offers tax compliance, auditing, and consulting services?A.…

A: There are various forms of business organisation. These are sole proprietorship, partnership and…

Q: How did the Sarbanes–Oxley Act impact corporations’ financial reports?

A: The sarbanes Oxley act had a significant impact on the corporate governance of the us corporations,…

Q: How its GAAP and IFRS is suitable for corporate entities?

A: GAAP: The full form for GAAP is generally accepted accounting principles. It refers to the…

Q: What would be the advantages of having companies formed at the federal level? Do you think these…

A: The confusion with the rising business is to weather go with the federal level registration or state…

Q: Describe Corporate Gvernance?

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

Q: 1. What is the most important difference between a corporation and all other organization forms?

A: There are various different organizational forms such as sole proprietorship, partnership, Hindu…

Q: Which activities changes equity but does not affect a corporation's assets and liabilities?

A: Changes in equity: The amount of equity changes due to increase or decrease in the business…

Q: Explain what is the corporate charter?

A: A corporate charter is a legal document establishing the existence of a corporation. Once the…

Q: Whether a corporation adopts IFRS or ASPE accounting rules affects the accounting cycle. True…

A: This question deals with Whether a corporation adopts IFRS or ASPE accounting rules affects the…

Q: Explain an agency problem for a corporation with examples, and identify means by which the firm can…

A: An agency problem is a common problem existing in firms which arises when a conflict of interest…

Q: What is corporation and explain please

A: The individual will start a business to earn the profits. The profits will be determined by…

Q: Who should set accounting standards? A government agency or private body such as the FASB?

A: Accounting standards are the rules and provisions that guide the manner in which accounting reports…

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: Define what a corporation is, the types that exist and their characteristics.

A: