Is a company’s PBO reported in the balance sheet? Its plan assets? Explain.

Q: hich of the following elements of financial statements is most closely related to company…

A: Financial statements are important reports that provide financial data about a firm at a certain…

Q: What is the notes to financial statement? Describe its content.

A: Financial statements  consists of profit or loss account, balance sheet,cash flow statement  and…

Q: What is the purpose of pro forma financial statements

A: Pro forma financial statements are financial reports issued by an entity, using assumptions or…

Q: listing the assets in order of liquidity ( balance sheet)?

A: Balance sheet is the financial statement which shows financial position of the business by showing…

Q: which of the anwsers are operating activities, financing activities, and investing activites for the…

A: In the cash flow statement there are main three segment are there.  The details are given below…

Q: Where would each of the following items most likely be reported in a company's financial statements?…

A: Revenues and expenses, Gains and losses are recorded in the Income statement, while unrealized gains…

Q: When rearranging financial statements, which of the following items is included in financial…

A: Financial activities  refers to  those  activities  through  which  we raise money  for achieving…

Q: What are the basic financial statements? Explain in detail.

A: Fiscal summaries ar put down accounts that pass on the business exercises & thusly an…

Q: What are the functions of the financial balance sheet in assisting in management's decision-making…

A: The question is based on the usage of balance sheet in financial decision making  by managers.

Q: describe the elements of the balance sheet: assets, liabilities, and equity

A: Balance sheet is an important financial statement. It contains three elements. Those are assets,…

Q: How are organization expenses reported?

A: Expense: It can be defined as the cost of running a company's operations to generate or earn…

Q: What are the financial statements?

A: Financial statements:Financial statements are a written record which convey the financial…

Q: what is a balance sheet?  what is the function of the balance sheet in forecast the company's…

A: The balance sheet is the financial statement that shows the asset and liabilities of the company. It…

Q: When are financial statements considered authorized for issue?

A: The monetary record date is the urgent date at which the monetary situation of a substance is…

Q: What are the benefits of pro forma financial statements?

A: Pro forma financial statement:Pro forma financial statements is a report which are prepared on the…

Q: Name the Sub-headings under which Non-Current Liabilities shall be classifie a Company's Balance…

A: The financial statements of a business organization broadly consist of the following 2 statements:…

Q: Describe the purpose of financial statements.

A: Definition:   Financial statements: Financial statements are condensed summary of transactions…

Q: Describe the conceptual framework of financial accounting.

A: Conceptual Framework: A conceptual framework is a logical presentation of interrelated objectives…

Q: Explain which transactions are reported as operating activities, investing activities and financing…

A: Statement of cash flows:  The statement of cash flows indicates the amount of cash earned and spent…

Q: What document are financial statements prepared from?

A: Financial statements are prepared from the records of accounting equation, Journal entries, general…

Q: WHAT IS THE PURPOSE OF FINANCIAL STATEMENT?

A: Financial statement - are prepared by the management  of a company to convey the performance of the…

Q: Define the term a statement of financial position?

A: International Financial Reporting Standards:   IFRS (International Financial Reporting Standards) is…

Q: Define preparation of financial statements

A: Introduction: Financial statements apply to those statements which at the end of accounting period…

Q: Why would companies perform a set-off of assets and liabilities?

A: Assets are the resources which help in generating profits. The assets can be controlled and used by…

Q: What does the balance sheet report?

A: A balance sheet is a financial statements which reports Assets, Liabilities and shareholders equity…

Q: Describe the function and primary focus of financial accounting.

A:

Q: Differentiate between operating activities, investing activities,and financing activities.

A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…

Q: How are operating items projected on financial statements?

A: Solution:- Operating expenses are indirect expenses which includes selling, distribution, admin…

Q: What is the relationship among the financial statements?

A: Financial Statements: These are records of the activities relating to finance and business. The…

Q: Why are disclosures important in financial statement and what are its benefits?

A:

Q: WHAT ARE THE TYPES OF FINANCIAL STATEMENTS?

A: Financial statements Financial statements are referred to as written records that are used in…

Q: Is internal accounting information primarily historical orfuture-oriented? How does that compare…

A:

Q: e information, in its current state, be included in the current financial statements

A: The items are disclosed in the financial statements to increase the awareness of the users.

Q: What Are Financial Statements? Name The Major Financial Statements?

A: Financial Statements are very important documentation of an organisation's financial matters and…

Q: What do the financial statements include?

A: Financial statements are basic as they give significant insights concerning the money related…

Q: Provide a data analysis of the liability part of the financial statement.

A: Introduction: A financial statement is a compilation of your company's financial information.…

Q: What is the Financial Statement Analysis?

A: solution concept The given are the indicators of the liquidity ratio These ratio explains how liquid…

Q: which items are disclosed on a balance sheet

A: Balance sheet means where all assets , liabilities and equity are shown in proper format

Q: Definition of Financial Accounting

A: Solution:- Definition of financial accounting as follows under:-

Q: What are the conceptual issues related to financial reporting and financial disclosures?

A: Introduction: Financial reporting is a common accounting technique in which financial statements…