Please give an example of the accounting concept "Periodicity" being applied to a company's financial statement...
Please give an example of the accounting concept "Periodicity" being applied to a company's financial statement or notes.
Homework Answers
Periodicity in accounting means that the accountant assumes company is complex and ongoing activities can be divided up and reported in certain period like week , month , quarter and year
Generally accounting periodicity is yearly
Add Answer to:
Please give an example of the accounting concept "Periodicity"
being applied to a company's financial statement...
When would the accounting principle of Materiality be applied in a company's financial statements or notes?...
When would the accounting principle of Materiality be applied in a company's financial statements or notes? Please give an example of its application.
Please give an example of the application of the Measurement principle in accounting. The example needs...
Please give an example of the application of the Measurement principle in accounting. The example needs to be from a company's financial statements or its notes.
Explain the concept of rational chemotherapy and give an example of how it is applied in...
Explain the concept of rational chemotherapy and give an example of how it is applied in treatment of parasitic diseases.
Explain what financial accounting is and give example Explain what management accounting is and give example...
Explain what financial accounting is and give example Explain what management accounting is and give example Write not less than 350 words
Which accounting concept is being applied when goods taken by an owner for own use are...
Which accounting concept is being applied when goods taken by an owner for own use are treated as drawings? A B C D business entity materiality realisation substance over form 2 Why is an expense for depreciation included in the financial statements? A B to charge the wear and tear on non-current assets against profits to make cash available to replace non-current assets C to set cash aside for future repairs of non-current assets D to show the current market...
Explain the concept of an international financial crisis give either a real or hypothetical example
Explain the concept of an international financial crisis give either a real or hypothetical example
The accounting concept that requires financial statement information such as revenue and expenses to be recorded...
The accounting concept that requires financial statement information such as revenue and expenses to be recorded in the same time period Monetary unit assumption Going-concern assumption Matching Objectivity
What are the differences between the financial and managerial accounting? Discuss. Financial accounting is a language...
What are the differences between the financial and managerial accounting? Discuss. Financial accounting is a language used for communicating financial information that helps users make better economic decision. Discuss. What is meant by the accrual basis of accounting? Discuss. What are the differences between sole proprietorship, partnership, and corporations? Financial accounting information should have some characteristics in order to enhance the decision making. Discuss. Discuss how the choice of depreciation method can be used as a tool to increase reported...
The concept of true and fair pervades the financial accounting and reporting process. It influences the...
The concept of true and fair pervades the financial accounting and reporting process. It influences the decisions regarding the collection, classification, measurement, and summarization of data concerning the results of an enterprise’s economic activities. It also bears on decisions concerning the presentation of that data and the related disclosures in financial statements. As applied by preparers and auditors, the concept of true and fare is generally understood ultimately to involve determination of the importance of a matter for financial reporting...
Explain the concept of mental accounting and how it impacts financial decisions. Explain the Availability Bias....
Explain the concept of mental accounting and how it impacts financial decisions. Explain the Availability Bias. Explain the example using CNBC I spoke of in the slides. Explain the concept of mental accounting and how it impacts financial decisions. Explain the Availability Bias.
Which accounting concept is being applied when goods taken by an owner for own use are treated as drawings? A B C D business entity materiality realisation substance over form 2 Why is an expense for depreciation included in the financial statements? A B to charge the wear and tear on non-current assets against profits to make cash available to replace non-current assets C to set cash aside for future repairs of non-current assets D to show the current market...
Most questions answered within 3 hours.
-
Mr. and Mrs. Brown report taxable income of $130,000 in 2018. In
addition, they report the...
asked 37 minutes ago -
You capture data by having 8 people fill in 30 small dots on a
piece of...
asked 4 hours ago -
What are the z-values such that 70% of the area lies in the
middle of the...
asked 6 hours ago -
You borrow $29,500 to purchase a brand new car. The interest
rate is 6%, and the...
asked 5 hours ago -
The amount of time it takes an asteroid, whose average distance
from the Sun is 4.70...
asked 6 hours ago -
A 0.289 kg mass slides on a frictionless floor with a speed of
1.34 m/s. The...
asked 6 hours ago -
15.A box contains five red balls, three green balls, and two
yellow balls. Suppose you select...
asked 9 hours ago -
Assume you are given the following for Stackelberg industries:
Return on Assets (ROA) = 8%
Debt...
asked 7 hours ago -
an engineer proposes to use mmWave in 5G network to
increase data rate.
What are the...
asked 7 hours ago -
Explain the idea behind using SEMIJOIN in distributed
query processing.
asked 7 hours ago -
why
is context important in selecting and applying guidelines and
principles for interface design?
illustrate your...
asked 7 hours ago -
In a certain board game, a player rolls two fair six-sided dice
until the player rolls...
asked 8 hours ago