Refer to Exhibit 3.6 in this chapter and note the countries that do not permit domestic listed
Question:
Required:
Identify three countries from this group that are likely to have different reasons for not permitting the use of IFRS by domestic listed companies. Describe those reasons.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (13 reviews)
Examples of countries that might have their own different reasons for not permitting the use of IFRS ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Today several countries still do not permit domestic-listed companies to use IFRS. Required: Identify three countries from this group that is likely to have different reasons for not permitting the...
-
What are three countries that do not allow domestic publicly traded companies to use IFRS to prepare consolidated financial statements?
-
The International Accounting Standards Board (IASB.org) is a London-based independent organization that develops and interprets International Financial Reporting Standards (IFRS). The mission of the...
-
Trent Marcus has 3 major suppliers: Parker is in the same business as Trent and offers a 5 % trade disc Scott offers a trade disc of 6 % on amounts in excess of $ 200 ( trade disc does not apply to...
-
The Shoprite grocery store places orders each week for an entertainment magazine that it stocks on the shelves next to the cashiers. The newsstand price for the magazine is $ 5 and the cost per...
-
Determine the gross pay for each employee listed below. a. Clay Jones is paid time- and- a- half for all hours over 40. He worked 45 hours during the week. His regular pay rate is $ 25 per hour. b....
-
Explain why the reference line in Figure 2.12 uses the first and third quartiles from the Unif $[0,1]$, and ordered sample. Data from Figure 2.12 2+ X (Sample Quantiles) N GO Unif[0,1] sample N(0,1)...
-
To the right is a list of domestic output and national income figures for a certain year. All figures are in billions. The questions that follow ask you to determine the major national income...
-
Custom Furniture Company Contribution Income Statement For the Month of June Total Per Unit Sales (500 chairs) $ 250,000 $ 500 Less: Variable expenses 150,000 300 Contribution margin 100,000 $ 200...
-
Statement Of cash flows (direct method) : Refer to Kazaam Company's financial statements and related information in Problem 12-1A Required: Prepare a complete statement of cash flows; report its...
-
Assume that you have been invited to advise the newly established accounting oversight body in one of the former Eastern European countries that became a member of the EU in May 2004. The accounting...
-
The professional accounting bodies in many countries have taken, or are taking, steps to adopt IFRS. Required: Go to the Web site of a professional accounting body of your choice and outline the...
-
Why are goods and services counted in GDP at market value? Are there any disadvantages or problems in using market values to measure production?
-
A pole light is mounted 4.8m above a walkway. The light source uniformly emits 8055 Lumens. (a) Calculate the light level on the pathway directly underneath the light fixture (b) Calculate the light...
-
ypes (s) You are designing a rudimentary pinball machine, and you want your targets to activate whenever the ball pushes the spring back. The target naturally rests at So 1.37 m. Your targets have a...
-
The Chani Company had the following sales forecast: January 440 February 500 March 380 April 300 The company buys products for $320 each and then resells them for $430 each and pays for operating...
-
A small boat is anchored in a lake, and waves are passing by, causing the boat to bob up and down. You observe that when the wave frequency increases, the boat's vertical motion changes. Calculate...
-
A resistor with color code yellow, brown, black, gold measures 42.6 2 on the multimeter. What is the coded resistance? What is the tolerance range? Is this resistor within tolerance? (6 pts.) Rm=...
-
Given a two-dimensional vector field F and a smooth oriented curve C, what is the meaning of the flux of F across C?
-
Controls can be identified based on their function. The functions are preventive, detective, and corrective. A. True B. False
-
As more and more companies span the globe in terms of their operating, financing, and investing activities, they will increasingly turn to international financial reporting standards when...
-
Briefly describe the historical-cost-constant purchasing power and current-cost models. How are they similar? How do they differ?
-
As a potential investor in the shares of multinational enterprises, which inflation method, restate-translate or translate-restate, would give you consolidated information most relevant to your...
-
Of what use are government and business budgets to reporters and where would an agency or business hide spending that it wasn't especially interested in sharing with the public? (Please keep in mind...
-
Mom and Dad owned a house as tenants by the entirety until Dads death last year. Mom then transferred the house to herself as life tenant, with the remainder to her son Sonny as remainderman. Just...
-
Write a brief story of your life and career to date. Why and how have you become who you are today? What are your strengths and weaknesses? Now write your story again through the eyes of people who...
Study smarter with the SolutionInn App