Explain the difference between the expense basis, the expenditure basis, and the disbursements basis of reporting.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
The disbursement basis reports only outlays of cash cash basis of reporting the e...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
Question Posted:
Students also viewed these Accounting questions
-
Explain the difference between financial reporting and financial statements.
-
Explain the difference between two-stage allocation with departmental overhead rates and activity-based costing. Which approach generally results in more accurate product costs?
-
Explain the difference between a contract that is performed illegally and an illegal contract.
-
At t = 0, a particle is traveling parallel to very large insulating plate at a 0.360 m distance with a speed of 980 m/s. Consider that the insulating plate has uniform surface charge density 2.34. x...
-
Gloria has just made her ninth annual $2000 contribution to her RRSP. She now plans to make semiannual contributions of $2000. The first contribution will be made six months from now. How much will...
-
From past experience it is known that a machine is set up correctly on 90% of occasions. If the machine is set up correctly then the conditional probability of a good part is 95%, but if the machine...
-
When two gases A and B are forced to diffuse through a third gas C, there is a tendency of A and \(\mathrm{B}\) to separate because of the difference in their diffusivities in gas \(\mathrm{C}\)....
-
Bart and Elizabeth Forrest, both age 47, are married and have no dependents. They have asked you to advise them whether they should file jointly or separately in 2016. They present you with the...
-
Please read the following summary of a news article regarding Unmanned Aerial Systems (UAVs) and provide a thoughtful response and whether you agree or disagree. "For this edition of current events...
-
Norm and Sheila consume only meat pies and beer. Meat pies used to cost $2 each and beer was $1 per can. Their gross income used to be $60 per week, but they had to pay an income tax of $10. Use red...
-
If the emphasis in accounting for many not-for-profit organizations is on the control of cash flows, why is the accrual basis recommended?
-
What alternative approaches are there to accounting for capital assets in not-for-profit organizations?
-
The Windshield division of Jaguar Co. makes windshields for use in its Assembly division. The Windshield division incurs variable costs of $200 per windshield and has capacity to make 500,000...
-
New UK Prime Minister Liz Truss is reportedly weighing up scrapping the Soft Drinks Industry Levy (more commonly known as the sugar tax), in a move that could have knock-on effects for fizzy drinks...
-
What, in your opinion, are the three main problems, which could be studied through management sciences and entrepreneurship, and which the company faces, has faced or will face?
-
Explain financial options and how they are applied in corporate finance. ( with references )
-
Describe each step of the Database System Life Cycle and describe how they work together. Explain how the cycle can use in another context. For example, how can these steps be used when buying a car...
-
What are the two steps in the marketing process? Compare and contrast the product development process with the customer development process. What is the difference between the two and what are their...
-
Pags Industrial Systems Company (PISC) is trying to decide between two different conveyor belt systems. System A costs $405,000, has a three-year life, and requires $105,000 in pretax annual...
-
The senior management at Davis Watercraft would like to determine if it is possible to improve firm profitability by changing their existing product mix. Currently, the product mix is determined by...
-
Portsmouth Hospitals NHS Trust promotes equality with due regard to the protected characteristics of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity,...
-
Essex Company issued common shares with a par value of $50,000 and a market value of $165,000 in exchange for 30 percent ownership of Tolliver Corporation on January 1, 20X2. Tolliver reported the...
-
Essex Company issued common shares with a par value of $50,000 and a market value of $165,000 in exchange for 30 percent ownership of Tolliver Corporation on January 1, 20X2. Tolliver reported the...
-
On January 1, 20X0, Hunter Corporation issued 6,000 of its $10 par value shares to acquire 45 percent of the shares of Arrow Manufacturing. Arrow Manufacturings balance sheet immediately before the...
-
Use Pohlig-Hellman algorithm to compute log2 (19) modulo 37. Compute xi's directly, by computing sufficiently many powers of gi.
-
A shoe seller sold shoes worth 1 6 0 TL on the first day, 1 9 2 TL on the second day and 1 4 4 TL on the third day at the some price . At was t how many shoes were sold by the seller in 3 days?
-
The Financial Services is one of the important industries when KPMG operates in. What's the market structure of the Financial Services?. In addition, what's the level of concentration and barriers to...
Study smarter with the SolutionInn App