Before the arrival of compulsory IFRS, why was segment reporting more highly developed in the United Kingdom
Question:
Before the arrival of compulsory IFRS, why was segment reporting more highly developed in the United Kingdom than in France?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
International Financial Reporting Standards IFRS set common rules so that financial statements can be consistent transparent and comparable around the world IFRS are issued by the International Accoun...View the full answer
Answered By
Rohail Amjad
Experienced Finance Guru have a full grip on various sectors, i.e Media, Insurance, Automobile, Rice and other Financial Services.
Have also served in Business Development Department as a Data Anlayst
4.70+
32+ Reviews
83+ Question Solved
Related Book For
Comparative international accounting
ISBN: 978-0273703570
9th Edition
Authors: Christopher nobes, Robert parker
Question Posted:
Students also viewed these Accounting questions
-
The United Kingdom still has its own currency, the pound. The pounds interest rate has historically been higher than the euros interest rate. The United Kingdom has considered adopting the euro as...
-
Why would a Canadian company reporting under IFRS choose to follow the traditional current then non-current approach for its balance sheet presentation rather than a non-current then current approach?
-
Why is managerial accounting more suitable for internal reporting than financial accounting?
-
Suppose that we are at time 0 and the interest rate is 10% (d) What is the PV of an asset that pays 20 installments of $5 a year starting today?
-
You're trying to determine whether or not to expand your business by building a new manufacturing plant. The plant has an installation cost of $12.5 million, which will be depreciated straight-line...
-
Why is continuous improvement critical to the success of any business operating in a competitive environment?
-
What is a physical interface?
-
Net realizable value method Convad Company is one of the worlds leading corn refiners. It produces two joint productscorn syrup and corn starchusing a common production process. In July 2009, Convad...
-
Davis Depot invested $12,600 in a savings account paying 4% interest on January 1, 2025, to accumulate funds to buy a new forklift on January 1, 2030. What amount will be in the savings account as of...
-
Compare the circular-wait scheme with the various deadlock-avoidance schemes (like the banker's algorithm) with respect to the following issues: a. Runtime overheads b. System throughput
-
Discuss the effect of the temporal method on ratio analysis.
-
How could one demonstrate that the benefits of segment reporting outweigh the costs?
-
Find the total area of the region between the graph of and the x-axis. (x) = x 2 - 4x + 3, 0 x 3
-
Why do you think Arizona has become such a hotspot for immigration?
-
DETERMINING NET CASH FLOW FROM INVESTING ACTIVITIES The ABC Corporation reported the following information: January 1 December 31 Equipment $68,000 $114,500 Accumulated depreciation 19,500 21,800...
-
Why do you believe it took five years for the p-card abuser to be caught? How might this abuse of a p-card have been detected earlier, or possibly even prevented from occurring? What strategic damage...
-
Make sure if you are going to observe a group of people, say at a meeting, that you have permission to observe, especially with children. What is the importance of this statement when it comes to...
-
Explain the "Hypothetical Monopolist Test" also called SSNIP, what it is and how it is used.
-
After deducting capital allowances for the year to 31 December 2019, the tax written down values of a company's plant and machinery were as follows: Calculate the capital allowances available for the...
-
Draw two scatterplots, one for which r = 1 and a second for which r = 21.
-
What benefits accrue to a firm as it evolves from reporting data to using data to prescribe appropriate future actions?
-
Refer to Practice 19-1 and Practice 19-2. What would be the impact on the companys total cash payment in Year 2 if the pay-fixed, receive-variable interest rate swap had been based on a loan amount...
-
Refer to Practice 19-3 and Practice 19-4. What would be the impact on the golf course developers total cash payment to purchase trees in Year 2 if the forward contract had been for just 1,500 trees...
-
On December 1 of Year 1, the company made a $100,000 investment in a highly risky Internet stock. The investment is classified as a trading security. Part of the investment agreement prevents the...
-
ACMY currently operates in a market that has been estimated to have about 10 mill. customers and it is estimate that it has a market share of 8%. The average customer purchase is of $150 per year....
-
This is a collation of the Drop Shipping (eCommerce) project you have been working on through the previous weeks. You are required to provide a pitch presentation with the sufficient information in a...
-
Agent Johnny Utah the former Motocross and Extreme athlete is now with the FBI Bank Robbery Task Force and investigating Bank robberies committed by the Ex-Presidents. Utah and his partner , Angelo...
Study smarter with the SolutionInn App