Why there is a need of Accounting Standards? Minimum 3 points
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A: Variable Cost :— It is the cost that changes with change in activity of cost driver. Variable cost…
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A: Contribution margin per unit = Selling price per unit - variable cost per unit
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Why there is a need of Accounting Standards? Minimum 3 points.
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- What is the 3 basic activities for the accounting? and describe them briefly.How does the accounting conceptual framework apply to the following IAS? Or how does the conceptual framework relate to the following accounting standards? 1. IAS 1 2. IAS 21 3. IAS 8 Any explanation will be highly appreciated. Thank you!: What is the 2 standard-setting bodies of the accounting
- D3) Describe the advantages and disadvantages of these two approaches to accounting standards setting, and tell how these advantages and disadvantages vary across different groups of financial statement users.classify 3 activities of accountingFor each transaction a through f, identify its impact on the accounting equation (select from 1 through 5 below).