Questions from Financial Accounting


Q: In which European countries have the standards of the IASB had the

In which European countries have the standards of the IASB had the greatest influence?

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Q: The above information has been taken from the company´s books

The above information has been taken from the company´s books as at 31 December 20X1, but the following have not yet been allowed for. (a) Rent owing but not yet paid amounting to â...

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Q: Discuss the advantages and disadvantages of the income statement formats allowed by

Discuss the advantages and disadvantages of the income statement formats allowed by the EU Directive, namely by function and by nature.

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Q: Is there a danger of having too much data in published financial

Is there a danger of having too much data in published financial statements?

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Q: Which presentation formats are usually used in your own jurisdiction? Why

Which presentation formats are usually used in your own jurisdiction? Why is this so?

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Q: If you live in, or work in connection with, a

If you live in, or work in connection with, a member country of the EU, investigate the progress in that country toward replacing national regulation to be in line with the 2013 Directive.

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Q: The following information has been extracted from the recently published statements of

The following information has been extracted from the recently published statements of company D, as set out in Figure 7.11. The ratios set out in Table 7.8 are those calculated for D based on its pu...

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Q: Business A and Business B are both engaged in retailing but seem

Business A and Business B are both engaged in retailing but seem to take a different approach to this trade according to the information available. The information consists of a table of ratios, shown...

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Q: Figure 7.12 presents, in summarized form, the financial

Figure 7.12 presents, in summarized form, the financial statements of Non Co. for the years 20X1 and 20X2. Six months after each of the two year-ends, a dividend of €20,000 is paid i...

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Q: Why is it necessary to define an expense in terms of changes

Why is it necessary to define an expense in terms of changes in an asset (or vice versa) rather than defining the terms independently?

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