Demerits of IFRSs
Write down the demerits of IFRSs.
Expert
Demerits of IFRSs:
• It is hard to concur on the global accounting language and whether it must be based upon principles or rules. It will mean which national models of best practice might be lost.
• There will be preliminary training costs for preparers, auditors as well as enforcers.
• Fair value accounting leads to volatility and might reflect estimation managerial manipulation or noise.
• Although some regulatory co-ordination, economic forces and political will lead to inconsistency in the implementation.
What is the meaning of the term Resonate? Explain in short.
Briefly describe payment through results system of remuneration. And also write down its sub-methods?
Write down the differences in material receipt?
Illustrate the place where the primary field of the MVG stored?
Write down the characteristic of cost accounting?
Give a brief introduction of the term ‘Gross Profit’?
Write down the consequence of depreciation of assets on profits received by owners?
Write down the requirement of depreciation account?
Give a brief introduction of the term Revenue Expenditure?
What does reconciliation of time booked and time attended tell us?
18,76,764
1951757 Asked
3,689
Active Tutors
1427840
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!