1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alexxx [7]
3 years ago
7

Which of the following are in accordance with IFRS? Cash basis accounting Both accrual basis and cash basis accounting Neither a

ccrual basis nor cash basis accounting Accrual basis accounting
Business
1 answer:
Anton [14]3 years ago
7 0

Answer:

Accrual basis accounting

Explanation:

Under Accrual basis of accounting, income is recognized when it is earned and not when actual cash is paid or received.

Under cash basis of accounting, income is only recognized when actual cash is received.

Accrual basis of accounting ensures transactions pertaining to a period are recorded in that period and  it depicts more accurate financial picture unlike in cash accounting wherein income for a period might be overstated or understated.

Following cash basis of accounting is not in accord with both US GAAPs (generally accepted accounting principles) and IFRS.

You might be interested in
The process of identifying other organizations that are best at some facet of your operations and then modeling your organizatio
TiliK225 [7]

Answer:

The correct answer is letter "E": benchmarking.

Explanation:

Benchmarking refers to a study a company makes of the best performers of its industry in an attempt to identify their strategies so they can be compared to the ones of the firm conducting the research. The comparison aims to spot improvement areas and to adapt the good practices according to the business operations. Benchmarking should be conducted periodically by institutions that attempt to keep up to the pace of leading competitors.

5 0
3 years ago
The following differences enter into the reconciliation of financial income and taxable income of Abbott Company for the year en
adoni [48]

Answer:

Abbot makes a savings of $74,000 in the current year.

Review full presentation of answers in the attaches

Explanation:

4 0
3 years ago
Read 2 more answers
The purpose on<br> objectives<br> Of competition policy<br> in South Africa.
Afina-wow [57]

Explanation: !!!

Der Onkel meines Vaters ist Hitler und saugt gerne an kahlen Köpfen zum Abendessen. Er liebt auch Kniescheiben zum Mittagessen. Er liest auch seinen Namaz

6 0
2 years ago
Which of the following is a feature of a good budget?
kiruha [24]

B and C, are bad feautures. A makes more sense, than D, so A should be your answer.

4 0
3 years ago
Read 2 more answers
What MIGHT be a solution to unequal development applied by ASEAN, according to Vision 2020? A) free trade B) democratic election
Fittoniya [83]

Answer:

The correct answer is letter "A": free trade.

Explanation:

Free trade allows countries to share their goods and services without boundaries. The most important factor possible thanks to free trade is the access to knowledge and information that could boost economies with low innovation to gather ideas of what actions can be taken to improve their situations.

4 0
3 years ago
Read 2 more answers
Other questions:
  • Even when a manager is not able to grant employees' requests or suggestions, employees are much more likely to accept the decisi
    15·1 answer
  • The lock box department at Bank 21 handles the processing of monthly loan payments to the bank, monthly and quarterly premium pa
    10·2 answers
  • Cavy Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the bas
    10·1 answer
  • If you have a question regarding a compliance concern, or you suspect illegal or unethical documentation or business procedures
    11·1 answer
  • The following information for "2019" pertains to Bartley Corporation: Capital contributions by shareholders $50,000 Realized los
    8·1 answer
  • Almost all financial theory and decision models assume that the financial markets are efficient. The informational efficiency of
    5·1 answer
  • When people engage in a collaborative process of identifying values, assumptions, and goals from which support for change will n
    12·1 answer
  • 1. Rosa Green estimates the cost of future projects for a large contracting firm. Rosa uses precisely the same techniques to est
    13·1 answer
  • THIS IS A RANDOM QUESTION can someone spill some tea bc im bored
    15·2 answers
  • The marketing manager of Easy Peasy Vegetables is working on the package for a new line of self-steaming microwaveable vegetable
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!