0% Plagiarism Guaranteed & Custom Written

What are the main goals/objectives of IASC

24 / 01 / 2019 Assignments

This paper circulates around the core theme of What are the main goals/objectives of IASC together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 79. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

What are the main goals/objectives of IASC

Section 1: Answer the following questions (Each question is worth 5 points)What are the main goals/objectives of IASC?What are the four major topical areas that FASB Accounting Standard Codification Research System (the codification) divides related guidance into?Distinguish between priori and posteriori research. Which research is used more for planning work?Section 2: Answer the following questions (Each question is worth 10 points)Explain the three conditions that the US-SEC offered for accepting international accounting standards.What are the advantages and disadvantages of rule based versus principle based accounting standards.What constitute GAAP? Give examples of authoritative and nonauthoritative GAAP.What is a liability? When should a liability be first reported? When should reporting of a liability cease?Section 3: Codifications (Each question is worth 2.5 points)Use the codification to identify the accounting authority governing each of the following:Accounting for prepaid advertisementAccounting for goodwillAccounting for accounts receivableAccounting for accelerated depreciationAccounting for start-up costs.What does the following codification discuss:835-30450-20-25-1; 450-20-30-1270-10-05Section 4: Cases (Each question is worth 10 points)Case 1: The Bootsie Holding Company has sales exceeding $10 billion and each of its three, wholly-owned subsidiaries has sales exceeding $2 billion. Three years ago, the subsidiaries had “complex” capital structures—until Bootsie acquired them. Bootsie’s annual report shows its consolidated income and individual income statement accounts of each subsidiary company. Should Bootsie also report separate earnings-per-share balances for the three subsidiary companies?Case 2: Macy offers customers purchasing its appliances separately priced (extended) warranties. Macy services these extended warranties. Its customers can receive no refunds for not using these warranties, and, of course, Macy must honor these contracts—regardless of any future costs in doing so. It also “tracks” the profits and losses these types of warranties generate by appliance category—in order to help maintain a competitive price and costing structures. How should Macy recognize the revenues and expenses of such extended warranties?

100% Plagiarism Free & Custom Written

International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

Company # 11483120


We've produced some samples of what you can expect from our Academic Writing Service - these are created by our writers to show you the kind of high-quality work you'll receive. Take a look for yourself!

View Our Samples

Benefits You Get

  • Free Turnitin Report
  • Unlimited Revisions
  • Installment Plan
  • 24/7 Customer Support
  • Plagiarism Free Guarantee
  • 100% Confidentiality
  • 100% Satisfaction Guarantee
  • 100% Money-Back Guarantee
  • On-Time Delivery Guarantee
FLAT 25% OFF ON EVERY ORDER. Use "FLAT25" as your promo code during checkout