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.
Briefly describe the term Expenses?
Describe briefly the term ‘time rate system of remuneration’?
Give a brief explanation of the term accounting standard.
Give a small introduction of the term ‘Gnatt Task Bonus System’?
What are the roles of collections?
Give a brief introduction of the term Zero coupon bonds?
Briefly describe the term ‘Stock market indices’? Write down the name of major stock market indices?
Give a brief introduction of the term capital budgeting? And also describe its significance?
Give a brief introduction of the term Minimum level of inventory levels?
Describe distinguish between the term Financial Accounting and Management Accounting?
18,76,764
1941743 Asked
3,689
Active Tutors
1456019
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!