Student resources
Students resources
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What is a temporary difference in deferred tax calculation?
Deferred tax calculation Temporary differences between accounting profit and taxable profit arise when revenues and expenses are recognized in different…
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What Is A Constructive Obligation And A Present Obligation?
Constructive obligation One of the essential characteristics of a liability is that there must be a present obligation arising from…
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How is Present Value Related to the Concept of a Liability?
Concept of a liability IAS 37 (para.42) requires that, the risks and uncertainties surrounding the events and circumstances should be…
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A Comparison of the revenue recognition criteria for the sale of goods with those for the rendering of services.
Revenue recognition criteria set out in the Objective paragraph of IAS 18. Revenue from the sale of goods can be…
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What is the asset or liability model for the definition and recognition of income?
The asset or liability model for the definition and recognition of income: The definition of income as encompassing both revenue…
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Why a company make an appropriation of retained earnings?
Appropriation of retained earnings are made for: –Â Â Â Â Â Â dividends, cash or shares –Â Â Â Â Â Â transfer to other reserves May also like…
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Advantages And Disadvantages Of Private Placement Of Shares
What is Private Placement of Shares : Private placement of shares is – where a company places the shares with…
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Difference between a renounceable and non-renounceable rights issue
A rights issue is an issue of shares with the terms of issue giving existing shareholders the right to an…
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Income Recognition Principle: Fair Value Of Land
Income Recognition Principle: Do You Think The Fair Value Of The Land Is Income To The Company?  The fair value…
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Characteristics Of A Liability As Per Conceptual Framework
Essential characteristics of a liability : A liability is defined in the current Conceptual Framework as ‘a present obligation of…
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