what measures should company take to overcome overapplied foh in future

Q: to refer to the degree of uncertainty that the future economic benefits associated with the item…

A: Probability refers to the possibility of a uncertain event take place in the future. Generally, an…

Q: For which of the following does IFRS for SMEs not provide a simplification of full IFRS?a.…

A: IFRS for SMEs: The majority of companies are non-traded company. These private companies are called…

Q: Do you think a company like Target would have significant research anddevelopment costs or…

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Q: Explain how current assets’ investment policies affect the firm’s risk and return trade-offs.

A: Current assets for a company are all those assets that are readily available for the conversion into…

Q: Choose the correct.For which of the following does IFRS for SMEs not provide a simplification of…

A:

Q: Explain what Return on Assets (ROA) measures? Will two firms with the same EBIT have the same ROA?

A: Return on assets is a measure used by companies to analyse how effectively assets of the business…

Q: The assumption indicates that a company will not be sold or liquidated in the near future. а.…

A: The going concern assumption indicates that a company will not be sold or liquidated in the near…

Q: When must a company recognize an asset retirementobligation?

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Q: When calculating a company’s WACC, should book value, market value, or targetweights be used?…

A: A company often raises money from various sources such that it has to provide a return in the form…

Q: According to the principle of conservatism, when faced with uncertainty about the value of an item,…

A: In bookkeeping, the principle of conservatism, otherwise called the doctrine of prudence, is an…

Q: Define reinvestment rate risk

A: Reinvestment means investing without withdrawing the benefits (or) interest from the fund so that it…

Q: standard setters?

A: Earnings management for contracting causes would be an interest in standard setters because of the…

Q: Explain oF preparing what are the costs the Financiad inform

A: Financial reporting is the transmission of a commercial enterprise's published financial statements…

Q: Purchase commitments A. Are obligations of the company to acquire certain goods at a fixed price…

A: Purchase commitment means where we agree to buy particular goods at particular price in future what…

Q: How might you mitigate the risks that are mentioned? Market, Liquidity, and Operational.

A: Businesses face various types of risks that affect survival and growth of the company. Risks that a…

Q: For a given firm, why does WACC change over time?Can the firm control the factors that lead to…

A: WACC is the weighted cost of funds to the firm. It represents the proportion of the different…

Q: When is a company justified in inventorying scrap?

A: Scrap:   Scrap is basically the residual material that is left after the manufacturing of a product.…

Q: Why is it needed to reclassify financial asset when changing business model?

A: The question is related IFRS-9 "Financial Instruments". As per IFRS 9, reclassification is allowed…

Q: Which of the following is correct about "Cost", "Expense", and "Loss" concepts? Select one: a.…

A: Income statement is one of the significant financial statements and the two components of this…

Q: What company is better in short term investment?

A: Answer:-  Investment meaning:- An asset or object purchased with the intention of generating income…

Q: Implications of the business risk approach?

A: Business risk is the exposure a company or organization has to factor(s) that will lower its profits…

Q: Answer of the following question related to these characteristics and constraints. Allied…

A: Accounting Principle:   They are the general rules and guidelines to be followed by companies in…

Q: Under IFRS, the initial revaluation of equipment when book value exceeds fair value results in a. An…

A: As per International Financial Reporting Standards (IFRS), the company values the property, plant…

Q: Explain the accounting for loss carrybacks.

A: Loss carryback is an accounting situation where the net operating loss of current year can be set…

Q: What is the financial advantage (disadvantage) of further processing the intermediateproduct?

A: Further Processing means carrying the production of goods to another level and shifting its…

Q: What are some of the possible costs that could result from a revision of an accounting standard?

A: Financial Accounting Standards Board (FASB):   It is a private, non-profit organization which is a…

Q: Define underinvestment problem

A: Underinvestment refers to the situation where company or firm has insufficient investment or can…

Q: What should businesses consider when it comes to the expense side of the BPM equation?

A: Business process management is a technique which is used to plan, analyze, improve, and automate…

Q: Why do somew companies report "Non-GAAP" measures?

A: Non GAAP measures are the measures opted by the companies to show some aspects outside the financial…

Q: ___________ is the possible loss of revenue resulting mainly from a decline in the revenue base.…

A: There are various risks

Q: Which of the following indicators of impairment is considered an internal source of information? a.…

A: Impairment is considered as the company dealing with the assets in the market and it reduces its'…

Q: Which of the following is not true when a company allocates a transaction price to separate…

A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…

Q: ) How could rates of technological change affect a company’s decision about whether to buy or lease…

A: Rate of technology plays a crucial role in the decisions made by companies. If the technology is…

Q: Why is the reporting of segment information required and who requires it? Why is the reporting of…

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Q: .    In determining the amount of a provision, a company using IFRS should generally measure: a.…

A: An economic obligation created and maintained to cover the future liability is termed as provisions.…