Which among the following form of reporting is best suited for comparison? a. Narrative form b. Tabular form c. Graphical form d. Descriptive form

Q: List and explain two important criteria that must be satisfied in order for information to be…

A: Relevant information:   Decision making process requires an understanding of a grasp of illegal…

Q: Which among the following is a time-related attribute of good information? a. Order b. Brevity c.…

A: Introduction:- The following characteristics of quality information as follows:- Accuracy Relevance…

Q: identify characteristics of a coherent fi nancial reporting framework and the barriers to creating…

A: Introduction: The structure for the financial reports specifies the collection of standards and…

Q: hoose the letter of answer  Inventories are usually written down to net realizable value a. Item…

A: Inventory is valued at lower of cost or net realisable value. Net realisable value is computed by…

Q: Which methods are for setting standards? Choose as many   a)analysis of historical data b)task…

A: Standard costing involves setting-up predetermined cost or expenses estimates. Such predetermined…

Q: Information that has the ability to make a difference in the decision-making process is known to…

A: Lets understand the basics. For decision making, information should posses following…

Q: Describe direct and indirect mehods of reporting.

A: Statement of cash flows: Statement of cash flow is a financial statement that shows the cash and…

Q: Descriptive statistics consists of methods for organizing, displaying, and describing data by using…

A: A data set in original form usually very large, consequently such data is not very helpful in…

Q: All of the following are essential requirement of good report writing except one. O a. Cost…

A: A report is a written document that shows information in an organized way using a specific format…

Q: Explain why there is a trade-off between information accuracy and information timeliness. Give an…

A: Report: The formal document used for providing information to the managers is called a report. The…

Q: grity of information. policies, plans, procedures, law ssets. efficiency of onerations

A: Segregation of duties is an internal control measure. It refers to the division of duties among more…

Q: ) Which among the following form of reporting is best suited for comparison? a. Descriptive form b.…

A: In accounting, report refers to the statement which presents the data of a company or financial…

Q: Neutrality of information in the fi nancial statements most closely contributes to which qualitative…

A: The qualitative characteristic of the financial information refers to that attribute of the…

Q: What are two objectives that enable reports to be considered useful?

A: Report: It can be defined as the document that assists the users and the management in providing…

Q: Identifying the condition of the data is part of which task?   A. Performing a data audit B.…

A: Identifying the data means you are in a search of some information that is useful for you.

Q: Example where information is relevant and faithfully represented

A: Relevance is the primary characteristic of financial information which says that the information…

Q: This focuses on what happens. a. Technical analysis b. Fundamental analysis c. Both fundamental and…

A: Technical analysis focus on the movement of the stock price and use that data to predict the future…

Q: Discuss and differentiate fundamental, technical and quantitative analysis.

A: Financial analysis is referred as the process of evaluating the businesses, budgets, and projects,…

Q: explain the roles of integrated reporting in the following aspects: a. Providing information that is…

A: Integrated reporting is conducted by organization to communicate strategy, plan, Governance or…

Q: Compare and explain the data presented

A: Solution Working note Presentation in tabular form   2019 2020 Total assets 1141044000…

Q: Does differential analysis require journal entries? Why or why not?

A: When choosing between multiple possible actions, differential analysis implies that we take into…

Q: What are some pros and cons of the CERES CSR reporting framework i.e. the measure tools, reporting…

A: CERES CSR defines the corporate social responsibility of companies and their resultant action…

Q: Which of the following is typically NOT part of an ERP’s OLAP applications? a. decision support…

A: ERPs OLAP Application:   OLAP stands for Online Analytical Processing which helps in analyzing…

Q: Briefiy explain (in one or two sentences) what the meaning is of the calculated AS/SFR ask

A: Step 1: A cross exchange rate is the rate of exchange between two currencies that are inferred by…

Q: Subsequent events – meaning, types, and auditors responsibility on treating each type?

A: An independent auditor's report is generally issued which is connected to historical financial…

Q: What is meant by each of the following potential characteristics of information: relevant, accurate,…

A:

Q: Which qualitative characteristic is an ingredient of relevance? O understandability O materiality O…

A: Answer

Q: The objectives of the data collection activity of the general model for Accounting Information…

A: The correct option is d i.e. efficient and relevant.

Q: Differentiate between letters, memo and report?

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: ability of the given information to provide a meaningful and useful result.

A: Second option is wrong because objectivity means the ability of the information to be impartial.…

Q: Which qualitative characteristic is an ingredient of relevance? a. Verifiability b. Timeliness c.…

A: As per general accounting principal, financial statements of an entity should be true and fair. In…

Q: Distinguish between technical analysis and fundamental analysis, highlighting assumption in each…

A: Technical analysis is a widely used concept in finance. It uses various charts and graphs to analyze…

Q: Which methods are for setting standards?         analysis of historical data         task analysis…

A: The question is multiple choice question.The standards are always set by keeping in view the past…

Q: What information is provided by this statement?  Describe the steps to create the statement - choose…

A: In this question, the name of the statement is not given, It is assumed as statement of cash flows…

Q: The underlying theme of the conceptual framework is: a. decision usefulness.  b. understandability.…

A: CONCEPTUAL FRAMEWORK DESCRIBE HOW THE INFORMATION SHOULD BE PRESENTED AND DISCLOSED IN FINANCIAL…

Q: Which information is presented by an organization chart?

A: organisation chart is basically the information bulletin of all the functional departments in an…

Q: Distinguish between managerial and financial accounting on

A: Basis Financial Accounting Managerial Accounting User and decision maker Outsiders like investors,…

Q: Which of the following sets of application characteristics of an accounting application might…

A: The question is multiple choice question. Required  Choose the Correct Option.