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Ugo [173]
2 years ago
12

Why do they say Accounting Equation is the basis for the preparation of statement of financial position in accordance to IFRS fi

nancial statement presentation ?​
Business
1 answer:
Luda [366]2 years ago
3 0

Answer:

The Statement of Financial Position (SFP) or Balance Sheet, shows the assets of the company on one side and then the way the funding that enabled these assets to be acquired on the other.

This is the basis of the Accounting equation which is:

Assets = Equity + Liability

One one side of the (SFP), you have the assets shown. These assets are added up to find the Net Total Assets.

The other side of the (SFP) will have the Equity and the liabilities listed. These are then added up too and they are to be equivalent to the amount of Assets.

This would therefore prove the equation that when you add up Equity and Liabilities, you get Assets.

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A NASDAQ security is bid at $42 and offered at $42.25. An over-the-counter trader effects a trade at $42.25 and charges a commis
ella [17]
$42.25
- trade prices that are shown on the tape DO NOT include commission.
4 0
3 years ago
Consider a corporate bond with a $1000 face value, 8% coupon with semiannual coupon payments, 7 years until maturity, and a YTM
serious [3.7K]

Answer:

$961.42

Explanation:

firstly, we calculate the clean clean price below:

FV= 1,000

PMT= 40 (80 / 2)

I= 4.5 (9 / 2)

N= 14 (7 × 2)

Thus, PV= 948.89

Accrued Interest = coupon × (days since last payment/days in current coupon period)= 40 × (57 / 182) = 12.53

conclusively, dirty price = 948.89 + 12.53 = 961.42

3 0
3 years ago
Well over 50% of all projects fail. Research and discuss how the planning process plays an important role in the success or fail
BigorU [14]

Answer:

Project planning plays an essential role in helping guide stakeholders, sponsors, teams, and the project manager through other project phases. Planning is needed to identify desired goals, reduce risks, avoid missed deadlines, and ultimately deliver the agreed product, service or result.

Explanation: The key in planning is to look at each of the knowledge areas below and make sure you and your team will address each of these areas in ways that will help reach all the end goals.

Communications

Costs

Human resources

Procurement

Quality of deliverables

Business requirements

Risks

Schedules

Project scope

Stakeholders

The key to a successful project is in the planning. Creating a project plan is the first thing you should do when undertaking any project.

Often project planning is ignored in favor of getting on with the work. However, many people fail to realize the value of a project plan for saving time, money and many problems.

7 0
3 years ago
The following information is related to Dickinson Company for 2017.
MakcuM [25]

The answer & explanation for this question is given in the attachment below.

3 0
3 years ago
A cube has a side length (s) of 5 centimeters. The expression 6s2 gives the surface area of the cube and the expression s3 gives
Anastaziya [24]

Answer:

The volume and surface area of the cube is 125 cm³ and 150 cm² respectively.

Explanation:

The expression for the surface area of the cube :

A = 6s²

s is the side of the cube

The expression for the volume of the cube is :

V = s³

We need to find the volume and surface area of the cube.

For surface area : S = 6(5)² = 150 cm²

For volume : V = (5)³ = 125 cm³

Hence, the volume and surface area of the cube is 125 cm³ and 150 cm² respectively.

5 0
2 years ago
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