Some individuals have indicated that the FASB must be cognizant of the economic consequences of its pronouncements. What is meant by “economic consequences”? What dangers exist if politics play too much of a role in the development of GAAP?

Q: A challenge facing U. S. companies adopting IFRS is ______________________________. a.certain areas…

A: Some companies earlier following US GAAP have adopted IFRS for accounting and reporting purposes.

Q: Greater role assumed by government in bailing out financial intermediaries – too big to fail…

A: Financial intermediary is referred as the institution or an individual, which act as a middleman…

Q: Boseman is also considering making the entry into the international market by engaging in foreign…

A: Financial markets are the places at which the financial assets and securities and issued by…

Q: How does Poland's culture impact the ethical reasoning of its people? Describe how the country's…

A: In a variety of ethical situations, the ability to assess, identify and develop ethical arguments.…

Q: The best public policy solutions typically do not involve protectionism, but instead involve finding…

A: When the trading occurs beyond the geographical boundaries it is considered international trade.…

Q: 1.Which of the following situations could be evidence that the investor lacks the capacity to…

A: Answer: To exercise significance control over the other company the investor is required to hold…

Q: Unlike other investors, you believe the Fed is going to loosen monetary policy. What would be your…

A: Look if I feel that FED is going to loosen monetary policy then it means FED going to cut rate and…

Q: Which of the following types of reporting does the Triple Bottom Line not incorporate? management…

A: Triple Bottom Line theory says, there should be three bottom line profit, people and the planet.

Q: What in non trading concerns and what are the advantage

A: Non Trading Concerns or Not-for-profit organizations are those which exist for the betterment of…

Q: Change is always good for some participants and bad for others. Which types of financial…

A: Investment banks, underwriters, brokerage companies, and deposit-taking institutions such as trusts,…

Q: (a) Who are the stakeholders in this situation? (b) Are the president's motives and actions ethical?…

A: Ethics:   Ethics in business is a much debated yet less followed topic. Every business has to…

Q: Is information a public good? What market failures exist that justify government intervention?

A: Public good  The utilization of things is available for the public that can be utilized without…

Q: Why securitisation may be very beneficial for both institutions and investors ?

A: explanation Securitization is beneficial because it provides possibilities for investors while also…

Q: Which of the following factors has not influenced the development of accounting practices in various…

A: Accounting practices are the different methods, procedures, standards that are adopted consistently…

Q: do you think that the collaboration between Central Banks and Government creates challenges for…

A: If a country's economy were a human body, the central bank would be its heart. And, just as the…

Q: How can Goodwill Industries capitalize on their strengths and how can they improve in their…

A: Goodwill is the brand reputation of a business. Goodwill help the business in operating the business…

Q: What are two monetary policies that could be implemented by the central bank which would have the…

A: Federal bank achieve of economic growth by monetary policy by increasing or decreasing money supply.

Q: reduce political risk

A: Political risk refers to those risk that arises due to the change in government body of a country.…

Q: One party in Congress seems to believe that financial institutions are too highly regulated, and…

A: The regulations which are formed to regulate the activities of banks, investment firms and other…

Q: What is the main source of the US fiscal imbalance and what are the painful choices we must face?

A: Income Taxes- Federal, state, and local governments levy taxes on the gross income of individuals…

Q: Which of the following is not represented in the balancedscorecard?a. A learning and growth…

A: Balanced scorecard: It can be defined as a performance metric that is used by the business for…

Q: (a) Why is education and training rarely provided by firms? What government policies would encourage…

A: Educated employees earn more and have more opportunities than the person without a degree or…

Q: How do you relate development of global value chains in global economy and the causes of 2008…

A: The question is based on the concept global value chain and its role in crisis of 2008-09.

Q: Question 19 means accountability to those existing and potential resource providers and others…

A: The question is fill in the blanks.

Q: National Income measures are not good measures of development." What are your opinions about this…

A: There are certain limitations that is associated with measurement of National income as National…

Q: discuss some of the issues that some U.S. accountants have with IFRS.  There are some fundamental…

A: IFRS stands for International Financial Reporting Standards. GAAP stands for Generally Accepted…

Q: The U.S. government has at times offered temporaryfinancial support to struggling companies that…

A: A government help is a monetary reward made by a federal, state, or municipal government entity for…

Q: what if your company is being targeted by a SPAC would that be a good thing or a bad thing?  What…

A: Here discuss about the importance of the Special Purpose Acqusition company (SPAC) which are…

Q: One goal of the regulatory reforms that followed the 2007-2009 financial crisis was to address the…

A: The too big to problem was a problem associated with regulatory institutions who did not allow the…

Q: Which of the following is not an example of a mitigating factor that reduces the risk that the going…

A: As per AS 2415: Consideration of an entity's ability to continue as a going concern, if auditor find…

Q: and disadvantages of special interest groups within the democratic system of government? Should…

A: An interest group is a group of people working together through an organization and advocating on…

Q: a. Do you think it is the same to act in your own self-interest as it is to act in a selfish way?…

A:

Q: When you reward the talents of society values, does it govern social and economic inequalities

A: there is no concept exist like talent because every individual have the unique quality and they have…

Q: Give two examples of where the government involvement is excessive in a free market system? And two…

A: The free market is a supply-and-demand business mechanism with little to no government interference.

Q: What are some arguments in favor of continuing government support of Citigroup? Discuss who would be…

A: Citigroup is an American-based investment banking company founded in 1998 by the merger of Citicorp…

Q: ing.” In light of this statement, critically evaluate why MNCs still engage in transfer pricing.=

A: The cost of labor and products that are traded between organizations under normal management is…

Q: Prepare a two page executive briefing on the question of whether capital generated in the…

A: An economy is a vast network of interrelated production, consumption, and trade activities that help…

Q: Issues about stability of a government, laws and restrictions on business and economic activities…

A: Business exist in very complex environment which include the creditor , debtor , government ,…

Q: It has been argued that shareholder wealth maximization is not a realistic normative goal for the…

A: Shareholder wealth maximisation or value maximisation means maximisation of the share's market…

Q: How can you describe how America's ethical reasoning might disrupt global business?

A: Answer:-  Ethical reasoning meaning:- "Ethical reasoning can be defined as the ability to recognize,…

Corporate Ethics

Ethics refers to the moral values and principles that guide an individual. Corporate ethics refers to the moral behavior of a company and its employees while conducting business. Business ethics is another name for corporate ethics. Business ethics reflects the purpose of doing the business. Business ethics is the distinction between what is right and wrong in the workplace and the selection of the right set of actions. Every corporate entity follows business ethics to a large extent in order to survive and compete successfully in the market. Corporate entities that strictly adhere to business ethics gain the trust of their stakeholders and thus gain more customers. An organization follows compliance, i.e., following certain business policies, rules, procedures, and practices to deal with the problem arising from the business environment. Business ethics also ensures that they meet compliance requirements as it was connected with the activities of an organization.