Companies must follow generally accepted accounting principles (gaap) for international financial reporting standards accounting reports
<h3><u>What are international financial reporting standards ?</u></h3>
- The International Financial Reporting Standards (IFRS) are a group of accounting guidelines that specify which kinds of transactions and events must be disclosed in financial statements.
- The International Accounting Standards Board created and maintains them (IASB).
- The IASB wants the rules to be implemented consistently across the world so that investors and other users of financial statements may compare the financial performance of publicly traded firms with that of their worldwide peers on an equal footing.
- More than 100 nations, including the European Union and more than two-thirds of the G20, currently utilize IFRS.
- International Accounting Standards (IAS), which were more traditional standards that IFRS superseded in 2000, are occasionally mistaken with IFRS.
To view more about GAAP refer to:
brainly.com/question/14957399
#SPJ4
Savings, scholarships and state aid are good preparations steps for one to take before applying for federal financial aid because They help one to
save enough money to be able to pay for college and also prevent serious debt after graduating.
Financial intelligence is a vital and indispensable virtue one must cultivate,just like the question stated, before going high as to seek federal aid,it is imperative to start from savings, scholarships and state aid because those can help you after graduating and not put you through serious debt after graduating.
If you must apply for federal aid,that implies that you have tried other better, easier means and all proved abortive and the only option that is left is the federal aid.
And while on federal aid,plans must be made on the means to pay back all sorts of financial issues so that once graduated,the financial burden will be minimal.
Answer:
=> Automated Signature Verification System.
=> Tracking of workers' appointment by the personnel department.
Explanation:
Forgery is a kind of fraud in which one changes name, signature or anything pertaining to another person in order to deceive other people. Forgery is a fraud and it is a criminal offence that should be stop in the society. Just as it is in the question above the supervisor is forging Leon’s name in order to be able to collect the money of someone that is no more working.
The two control techniques to prevent or detect this fraud scheme are given below:
=> Automated Signature Verification System : the company should have Automated Signature Verification System for their employees and customers so that with it they can easily detect forgery fraud and the person affected can be able to recover his or her losses.
=> Tracking of workers' appointment by the personnel department: the personnel department should track the appointment of each of their employees in any organization.
Other ways are to Install biometric time cards and make sure payroll record are verified and updated before payment.
Bride wealth or bride price
Answer:
the safe steps of the MBO process are Define organizational goals Define employees are objectives continuous monitoring performance and progress perform evaluation providing feedback performance appraisal. Define organizational goals goals are critical accused organizational Effectiveness and they served a number of purposes organizations can also have several different kinds of gold all of much would be appropriately managed and a number of different kinds of managers must be involved in setting goals the goals set by their superiors are preliminary based on an analysis and judgment as to what can and what should be accomplished by the organization within a certain period. Define employees objectives after making sure the employees managers have informed a pertinent General objectives strategies and planning premises the manager can then proceed to work with employees and setting their objectives asked what goals the employees believe they can accomplish and what time. And with what resources they will then discuss some preliminary thoughts about what go seem feasible for the company or Department. continuous monitoring performance and progress MBO process is not only essential for making line managers and business organization more effective but also equally important for monitoring the performance and progress of employees for monitoring the performance and progress the following are required identifying and effective programs by comparing performance with preestablished objectives using zero based budgeting applying Bo concept for measuring individual and plans preparing long and short-range objectives and plants installing effective controls and designing a sound organizational structure with clear responsibilities and decision-making Authority at the appropriate level. performance evaluation under the NBA process performance review is made by the precipitation of concern managers. providing feedback the filial ingredients in an MBO program and continuous feedback on performance and goals that allow individuals to Monitor and correct their own actions base continues feedback is supplemented by periodic formal appraisal meetings in which superiors and subordinates can review progress toward goals weight sled to further feedback. performance appraisal. performance appraisals are irregular view of employee performance with an organization it is down at the last stage of the MBO process.
hope this helps
