What is meant by the term “underlying” as it relates toderivative financial instruments?

Q: How is a financial statement under IFRS different from

A: Solution- In IFRS you need to provide Other Comprehensive Income Statement also in addition to…

Q: What type of financial institutions may offer the services for reception and transmission of orders…

A: Order receipt and transmission refer to receiving a purchase or sale order from a customer and…

Q: What are the different risks associated in the accounting of investments?

A: Answer: There is always risk while auditing and accounting.

Q: What is Financial Industry Regulatory Authority (FINRA)?

A: Answer: FINRA refers to Financial Industry Regulator Authority. It is an independent US securities…

Q: Who Governs The Financial Reporting Standard?

A: Accounting controls: These are the internal controls which ensure continuous reliability of…

Q: What is meant by the statement that the financial statementsarticulate ?

A: The statement “financial statements are articulated" means that measurements in the balance sheet…

Q: capital market?

A: Introduction: Financial market is a market where buyers & sellers engage in the activity of…

Q: is XBRL Taxonomy? How do you as a preparer of financial statement use the XBRL Taxonomy in locating…

A: XBRL is a global not-for-profit collaboration that governs an open international standard for…

Q: what are the classification of financial market ? Explain its different components?

A: A financial market is an essential part of the financial system. It is defined as a marketplace for…

Q: What role do marketable securities play in current asset management?

A: Answer: The management of current assets has acquired a distinctive positive for marketable…

Q: What is the objective of general purpose financial reporting?

A: Financial statement: Financial statements are condensed summary of transactions communicated in the…

Q: Which of the following is a characteristic of a money market financial instrument?

A: Money market financial instruments are those instruments which have short maturity period of up to a…

Q: What assumption is made regarding the external users of financial statements?

A: Financial Statements: The organization records the financial information related to transactions.…

Q: What does the Relevance in the context of financial reporting means?

A: Introduction Financial Reporting is communicating accurate information along with the financial…

Q: Who does the Financial Markets Authority have oversight over

A: Financial Markets Authority- It is a New Zealand government's agency founded in 2011. It is set up…

Q: What part of a firm's balance sheet can be used as collateral?

A: The financial position of the company can be arrived from the income statement prepared by the…

Q: Give the complete distinguishing features of a money market instrument. Explain.

A: Money market instrument : Money market instrument are those financial securities that have maturity…

Q: The fundamental & enhancing qualitative characteristics of financial information?

A: Characteristics of Financial Information: It refers to those characteristics which financial…

Q: Define the term a statement of financial position?

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

Q: Establish a compensatory equilibrium. In financial statements, how are compensating balances…

A: Here is the Answer

Q: fundament

A: Answer The fundamental accounting equation, conjointly known as the record equation, represents the…

Q: Explain liquid asset management as it relates to a financial institution

A: A liquid asset is an asset which can be converted into cash and marketable securities easily.…

Q: What are elements of financial reporting as per conceptual framework? Explain with example

A: The release of financial statements, which contain the income statement, balance sheet, and…

Q: What does the term "financial market" refer to exactly? Explanation of how it works

A: Introduction: Financial markets are very important to economic progress and national development.

Q: What is meant by the term materiality in financial reporting?

A:

Q: When it comes to financial instruments, what distinguishes one from another? Please give us a…

A: Introduction: The money market is the market in which buyers and sellers engage to buy and sell…

Q: Which of the following is the not the function of the financial markets?

A: Option Explanation 1 Financial market helps in creating habits of small savings 2 It helps in…

Q: What are the arguments favoring the regulation of financial reporting?

A: Financial reporting:   Financial reporting is the procedure to communicate the information obtained…

Q: What are the most commonly used techniques in the analysis and interpretation of financial…

A: The term financial statements represent financial reports prepared by companies in order to convey…

Q: What are the types of Financial Market? Define each type.

A:

Q: What is the importance of Statement of Financial Position?

A: A statement of financial position also known as a balance sheet, is a part of the financial…

Q: How are financial reporting and capital markets related

A: Financial reporting and capital markets are concepts that need to be understood. Generally,…

Q: What are the functions of Financial Market

A: Financial market:-  A market in which financial assets can be bought and sold when they facilitate…

Q: Describe financial instruments and investment derivatives,

A: Financial instrument: A financial instrument is a monetary agreement among two parties, which can be…

Q: What are financial securities?

A: Financial security can be defined as-“An instrument issued by companies, financial institutions and…

Q: Is externally reported financial information always preciseand accurate?

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: financial assets and tradable securities

A: This question tells about financial assets and tradable securities

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…

Q: What are the main distinctions between a traditional financialinstrument and a derivative financial…

A:

Q: Explain the term “Financial Instruments” and give relevant examples.

A: Financial Instruments: Its a monetary contract between parties. A financial Instrument may be…