How its GAAP and IFRS is suitable for corporate entities?

Q: How does the SEC generate revenues?

A:

Q: What is corporation and example

A: A corporation is a legal body consisting of a group of individuals or a firm that has been permitted…

Q: What is DOCTRINE OF CORPORATE OPPORTUNITY? Discuss.

A: A legal theory prohibiting a company's director or agent from redirecting a business possibility…

Q: Define closely held corporation

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

Q: Discuss the nature and classes of corporation

A: Corporations are the entities that are formed by the group of organizations or people which are…

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: 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: What are some of the advantages of holding companies? Identify adisadvantage.

A: The advantages of holding company: Risk reduction: Large companies favor a structure of holding…

Q: State the differences between private sector and public sector accounting.

A: Private Sector The private sector refers to: organizations that are not government-owned, and the…

Q: Discuss the primary differences between U.S. GAAP and IFRS with respect to accounting for…

A: Generally Accepted Accounting Principles:   GAAP (Generally Accepted Accounting Principles) is a…

Q: How corporate governance is defined?

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

Q: Define corporation and explain the effects of the continuous inoperation of a corporation.

A: Corporation: A corporation is a legal entity that exists independently of its owners and has its own…

Q: Define shareholder rights provision

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

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: 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: 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: What are variable interests in an entity and how might they provide financial control over an…

A: Variable interest is referred as the interest rate on loan or security that differ over the period…

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: Define Corporations?

A: A corporation is a legal entity that is separate and distinct from its owners. Corporations enjoy…

Q: Describe advantages of corporation.

A:

Q: How were UBI's shareholders' funds and capital sensitive to various regulatory norms?

A: Regulatory Standards lay down all the laws, norms, and regulatory authority who regulates financial…

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: What are the types of corporations?

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

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 are the advantages and disadvantages of a ‘comply or explain’ model of corporate governance?

A: "Comply or explain" model of corporate governance - The purpose of 'comply or explain' model is to…

Q: What are the risks in the corporation Equinix?

A: The ERM (Enterprise Risk Management) programme at an Equinix corporation is actually designed to…

Q: Explain the Steps in the Creation of a Corporation?

A: Corporation: It refers to a business form which is established as a separate legal entity.…

Q: Describe Corporate Gvernance?

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

Q: List and explain shareholder rights

A: Shareholder's rights refers to the mix of rights which a shareholder in lieu to total number of…

Q: What are the steps that would be needed for a company to transition from GAAP to IFRS?

A: GAAP refers to Generally Accepted Accounting Principles which is followed by US companies. IFRS is…

Q: Who are external users in a publicly-traded company? Give examples?

A: External users: External users are individuals those who are not involved in management or…

Q: Explain what is the corporate charter?

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

Q: Explain the Purpose of Corporate Governance

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

Q: What requirments are imposed on publicly traded corporations by the Sarbanes-Oxley Act?

A: Fraud: It is the intentional misrepresentation of facts or information for the motive of personal or…

Q: What role does a corporation audited financial statements Play in determining it's taxable income?

A: Whatever financial statement that has already been audited by a certified public accountant (CPA) is…

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: 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: What is block ownership? How does it affect corporate governance?

A: BLOCK OWNERSHIP-     Block ownership is once outside capitalist owns great amount of company's…

Q: What areadvantges and disadvantages of the corporate form of business organazations?

A: Business organization: The organization which is established with the motive of earning profit is…