Which of the following is not a constraint on the financial statements according to the Conceptual Framework
Question:
Which of the following is not a constraint on the financial statements according to the Conceptual Framework ( 2010 )?
A. Understandability.
B. Benefit versus cost.
C. Balancing of qualitative characteristics.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
The conceptual framework of accounting outlines certain constraints and characteristics that help to ...View the full answer
Answered By
Aun Ali
I am an Associate Member of Cost and Management Accountants of Pakistan with vast experience in the field of accounting and finance, including more than 17 years of teaching experience at university level. I have been teaching at both undergraduate and post graduate levels. My area of specialization is cost and management accounting but I have taught various subjects related to accounting and finance.
5.00+
13+ Reviews
32+ Question Solved
Related Book For
International Financial Statement Analysis CFA Institute Investment Series
ISBN: 9780470287668
1st Edition
Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie
Question Posted:
Students also viewed these Business questions
-
The following questions are adapted from a variety of sources including questions developed by the AICPA Board of Examiners and those used in the Kaplan CPA Review Course to study the environment and...
-
The following questions are used in the Kaplan CPA Review Course to study the environment and theoretical structure of financial accounting while preparing for the CPA examination. Determine the...
-
The audit of Liverpool Ltd had been completed and the audit seniorfor the engagement prepared items for discussion. He argues that the following list of accounting changes violates the consistent...
-
e) Based on your investigation of the data set create two well-formatted tables that illustrate some important features of the data. Your tables should have informative labels and a readable number...
-
Write a paper on Introduction and Methodology Use the appropriate template and only submit the portion of the template that services the assignment. o Introduction - what you plan to accomplish and...
-
A layer of granite 1 m thick is present in a sequence of sedimentary rocks, parallel to the bedding in the sedimentary rocks (Fig. 3.8). Is it a dike, a sill, or a stock?
-
Startups do well in crowded industries under two conditions: (1) they create meaningful value for customers at a fair price and (2) they differentiate themselves from competitors in ways that create...
-
Shenandoah Manufacturing Company has a maximum productive capacity of 210,000 units per year. Normal capacity is 180,000 units per year. Standard variable manufacturing costs are $10 per unit. Fixed...
-
using deal and grove formula, Create a matlab code to show the General relationship for thermal oxidation of silicon using dry oxidation and wet oxidation. The solid line represents the general...
-
The assumption that an entity will continue to operate for the foreseeable future is called: A. accrual basis. B. comparability. C. going concern.
-
According to the Conceptual Framework for Financial Reporting (2010) , which of the following is not an enhancing qualitative characteristic of information in financial statements? A. Accuracy. B....
-
Assume that the Janis Corporation's manufacturing facility actually incurred $2,980,000 of manufacturing overhead for the year. Total fixed manufacturing overhead was budgeted at $3,010,000. Using a...
-
Risk ID 1 2 3 4 5 6 7 8 9 10 Probability (%) GRK628828 40 70 75 50 30 60 90 20 30 10 Impact (ZAR) 83 010 6 484 84 434 86 383 2 246 85 865 16 075 33 430 7444 25 040 5.1 Calculate the Average Impact...
-
A 20N force acts perpendicular to the door 0.8m wide at its edge. Find moment at hinges. Also find moment at hinges if 20N force acts at 60 with the plane of door. i) 20N force acting perpendicular...
-
Many VC firms have adopted culture as a form of competitive success and differentiation. Two of the different types of cultures are the star and the team systems. Which would you be more attracted to...
-
What is the profit under the "best case scenario? According to the scenario manager (output), what is the profit under the "most likely" scenario? According to the one variable DATA TABLE, what is...
-
An electronic manufacturing company needs a new logistics model to be used in the manufacture of a computer that the company is planning to build in China. The metal chassis, small hardware items...
-
The following project is at the end of its sixth week. Find the cost and schedule variances. Also find the CPI, SPI, ETC, and EAC for theproject. Pre- Duration BudgetActual (wks) Cost () Copete...
-
Provide examples of a situations in which environmental disruptions affected consumer attitudes and buying behaviors.
-
Should the law be changed to permit charitable nonprofits to endorse or oppose political candidates and provide financial support to political campaigns? Why or why not?
-
Do you think that nonprofits that receive government funds may feel inhibited from lobbying? If so, do you think such concerns are realistic or not?
-
Read Advocating for Policy Change in Nonprofit Coalitions by Fyall and McGuire. According to the authors, what themes are emerging in the research regarding nonprofit advocacy?
-
1. A mortgage of $300 000 amortized over 35 years at 7.25% compounded monthly. Determine the monthly payment and create an amortization table for the first six payments. Payment =
-
= a and a2 and the 0 and b + 4c 0. It for all integers n 1 2. Consider the sequence a1, a2, a3, ... defined by some initial values a = recurrence relation an = b an1 + c An-2 for n 3 with 60 and c is...
-
X will pay the swap bank annual payments on $10,000,000 with the coupon rate of 9.80%; in exchange the swap bank will pay to company X interest payments on 5,000,000 at a fixed rate of 10.5%. Y will...
Study smarter with the SolutionInn App