IFRS WRITING PROJECT

/in /by
Professional Research   [Chap 04] 

Your client took accounting a number of years ago and was unaware of comprehensive income reporting. He is not convinced that any accounting standards exist for comprehensive income.

Instructions

Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now

Access the IFRS authoritative literature at the IASB website ( http://www.iasb.org/  ). (Click on the IFRS tab and then register for free eIFRS access if necessary.) When you have accessed the documents, you can use the search tool in your Internet browser to respond to the following questions. (Provide paragraph citations.)

(a)   What IFRS addresses reporting in the statement of comprehensive income? When was it issued?
(b)   Provide the definition of total comprehensive income.

 

(c)   Explain the rationale for presenting additional line items, headings, and subtotals in the statement of comprehensive income.
(d)   What items of income or expense may be presented either in the statement of comprehensive income or in the notes?

 

Professional Research  [Chap 05]

  In light of the full disclosure principle, investors and creditors need to know the balances for assets, liabilities, and equity, as well as the accounting policies adopted by management to measure the items reported in the statement of financial position. 

Instructions

Access the IFRS authoritative literature at the IASB website ( http://eIFRS.iasb.org/). (If necessary, click on the IFRS tab and then register for eIFRS free access.) When you have accessed the documents, you can use the search tool in your Internet browser to respond to the following questions. (Provide paragraph citations.)

(a)   Identify the literature that addresses the disclosure of accounting policies.
(b)   How are accounting policies defined in the literature?

 

(c)   What are the guidelines concerning consistency in applying accounting policies?
(d)   What are some examples of common disclosures that are required under this statement?
 
Looking for a similar assignment? Our writers will offer you original work free from plagiarism. We follow the assignment instructions to the letter and always deliver on time. Be assured of a quality paper that will raise your grade. Order now and Get a 15% Discount! Use Coupon Code "Newclient"