All categories

2 years ago

For independent auditors, established criteria essential for effective communication may be found in

Business

1 answer:

Pani-rosa [81]2 years ago

8 0

For independent auditors, established criteria essential for effective communication may be found in GAAP.

GAAP (normally established accounting ideas) is a group of usually followed accounting policies and requirements for economic reporting. The acronym is reported gap. GAAP specifications encompass definitions of principles and ideas, as well as enterprise-precise rules.

How is GAAP utilized in accounting?

GAAP facilitates govern the world of accounting according to standard regulations and pointers. It attempts to standardize and adjust the definitions, assumptions, and strategies utilized in accounting throughout all industries. GAAP covers such topics as revenue reputation, stability sheet classification, and materiality.

What's the GAAP technique?

GAAP includes a common set of accounting regulations, necessities, and practices issued by using the economic Accounting requirements Board (FASB) and the Governmental Accounting requirements Board (GASB). GAAP sets out to standardize the classifications, assumptions and approaches used in accounting in industries across the united states.

Learn more about GAAP here:- brainly.com/question/28345482

#SPJ4

You might be interested in

Which statement best explains why producers conduct market research? Predicting what the government will do helps producers redu

Blababa [14]

Answer:

Knowing what consumers want helps producers make more money.

Explanation:

The statement that best explains why producers conduct market research would be that Knowing what consumers want helps producers make more money. If the producers know exactly what the consumers want and how much then they can easily create those products knowing that they will sell every last one of them. Therefore eliminating most of the risk involved with production and generating more profit.

5 0

4 years ago

What do new trade theorists point to as the reason for gaining a first-mover advantage? Multiple Choice supply conditions govern

kkurt [141]

Answer:

INNOVATION

Explanation:

First Mover Advantage is the gained competitive advantage due to being first entrant in the market & hence occupying significantly powerful place in that market segment.

First Mover advantages can be : Economies of Scale, because of higher demand (strong loyal customer base) & streamlined supply processes (old supply chains & supplier's connections) etc.

Old Trade Theorists suggested Factor Endowments as a reason for acquiring First Mover Advantage. New theorists highlight that 'Innovation' plays the main role in today's Knowledge Economies & endogenous growth approach (focusing on human capital, innovation & knowledge) era. Example : Amazon gained first mover advantage in E Commerce as it was first pioneer of innovative idea of selling goods at online platform.

5 0

4 years ago

Read 2 more answers

What is a contingency plan?

fenix001 [56]

Answer:

Um plano de contingência é um tipo de plano preventivo, preditivo e reactivo.

Apresenta uma estrutura estratégica e operativa que ajudeá a controlar uma situação de emergência e a minimizar as suas consequências negativas.

O plano de contingência propõe uma série de procedimentos alternativos ao funcionamento normal de uma organização, sempre que alguma das suas funções usuais se vê prejudicada por uma contingência interna ou externa.

5 0

3 years ago

Birth certificates, social security cards, and driver's licenses are all examples of _____ that you might need to provide during

klemol [59]

These are examples of D. documentation

Hope this helps!

8 0

3 years ago

Read 2 more answers

Good Investments Company forecasts a $2.44 dividend for 2017, $2.62 dividend for 2018 and a $2.77 dividend for 2019 for Mountain

Ivan

Answer:

c.$29.37

Explanation:

First and foremost, it should be borne in mind that the intrinsic value of Mountain Vacations Corporation is the present value of its future dividends for the forecast period(2017-2019) plus the present value of dividend terminal value beyond the forecast period as shown thus:

Year 1 (2017) dividend $2.44

Year 2 (2018) dividend $2.62

Year 3 (2019) dividend $2.77

the terminal value of dividend=expected dividend per year after 2019/ cost of equity capital

expected dividend per year after 2019= $2.94

cost of equity capital =7%

terminal value=$2.94 /7%=$42.00

PV of future dividend=dividend/(1+cost of equity capital)^n

n is the year in which the future dividend is expected, it is 1 for 2017, 2 for 2018 , 3 for 2019 dividend and the terminal value(since the terminal value is already stated in 2019 terms)

intrinsic value of share=$2.44/(1+7%)^1+$2.62/(1+7%)^2+$2.77/(1+7%)^3+$42.00/(1+7%)^3

the intrinsic value of share=$41.11

It is obvious that the options are not correct

The question's inputs are wrong

2017 dividend should have been $1.74

2018 dividend should have been $1.87

2019 dividend should have been $1.98

dividend beyond 2019 should have been $2.10

terminal value=$2.10/7%=$30.00

intrinsic value of share=$1.74/(1+7%)^1+$1.87/(1+7%)^2+$1.98/(1+7%)^3+$30.00/(1+7%)^3

intrinsic value of share=$29.36(closest to c.$29.37)

6 0

3 years ago