Write an essay of about 2,000 words in length critically discussing the issues concerning the new IFRS 15 Revenue from Contracts with Customers standard for both - preparers and users of financial information.
For your essay:
• You must utilise the relevant literature to demonstrate your understanding related to revenue recognition accounting standard.
• Your essay must provide a good synthesis as well as critical analysis.
• Wherever possible, demonstrate your point(s) with brief, but relevant examples

Answers

Answer 1

The central principle of IFRS 15 is revenue is recognized when the goods or services are transferred to the consumer at the contract price.

What do you mean by Revenue?

Revenue is the money earned by the organization from business operations.

To write an essay on issues concerning the new IFRS 15 Revenue from Contracts with Customers standard for both - preparers and users of financial information.

1. First think about the topic given.

2. Outline some primary ideas for your essay.

3. Research the topic.

4. Write an introduction to the topic.

5. Start writing the main body by keeping the outline in mind.

6. Write a conclusion.

Therefore, By this method, you can write an essay.

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Related Questions

Encouraging a customer to buy a product related to the one they were already planning to buy is known as

cross-selling
networking
referring
upselling

Answers

Answer:

Encouraging a customer to buy a product related to the one they were already planning to buy is known as cross-selling

A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
Those are your only choices

Answers

Answer:

A. An interest-bearing IOU

Explanation:

Select each of the phases in the project-management lifecycle.


project definition

project initiation

project closure

project monitoring

project execution

project planning

Answers

Answer:

PROJECT PLANNING IS YOUR ANSWER

HOPE IT HELPS

MARK AS BRAINLIEST

How to do a conclusion for The Hedge Fund Battle over Herbalife’s Direct Selling Business Model report by recognizing essential lessons from the case study.

Answers

Answer:

The Hedge Fund Battle over Herbalife’s Direct Selling Business Model report provides essential lessons for investors, corporations, and regulators. It is important to recognize that the battle between hedge funds and Herbalife was a complex and multifaceted one. Investors should be aware of the potential risks and rewards associated with investing in a company that is heavily reliant on direct selling. Corporations should consider the potential implications of their business model on the stock market and the potential legal and regulatory issues that may arise. Regulators should be vigilant in monitoring business practices and ensure that they are in compliance with applicable laws and regulations. By recognizing these essential lessons, investors, corporations, and regulators can be better prepared to navigate the complex world of investing.

Explanation:

One half of 1% converted to a decimal is

Answers

To convert one half of 1% to a decimal, you can divide the percentage by 100. One percent is equal to 0.01, so one half of 1% is equal to 0.01/2 = 0.005

Antonia is a nonresident of California who is under 50 years of age. During the year, she worked temporarily in California. Her California compensation is $1,000, which she reported on Schedule CA (540NR), column E. Her Federal compensation is $10,000. Her allowable IRA deduction on her Federal return is $5,000. Antonia’s allowable California IRA deduction that she reports on Schedule CA (540NR), Part II, line 19, column E, is what amount?

Answers

Antonia’s allowable California IRA deduction that she reports on Schedule CA (540NR), column E is B. $1,000.

What is tax deduction?

An option to lower taxable income is a tax deduction. A standard deduction is a single, predetermined deduction. Higher-income taxpayers frequently have significant deductible expenses, such as state and local taxes paid, mortgage interest, and charitable contributions, which is why itemized deductions are popular.

The amount of the California deduction for IRA is the same as the federal deduction. However, the California deduction may be limited by California compensation or by California self-employment income.

Therefore her deduction would be $1000.

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Antonia is a nonresident of California who is under 50 years of age. During the year, she worked temporarily in California. Her California compensation is $1,000, which she reported on Schedule CA (540NR), column E. Her Federal compensation is $10,000. Her allowable IRA deduction on her Federal return is $5,000. Antonia’s allowable California IRA deduction that she reports on Schedule CA (540NR), column E, is what amount? a) $0 b) $1,000 c) $2,000 d) $4,000

Answer: B

Explanation: As a NR She is able to claim the amount of her CA earned income.

The United Nations has never focused on the international rights of consumer
True or false

Answers

Answer:

true they have never focused on rights of consumers

Explanation:

hope this helps!

Mr X offers Mango for sale to Y at a price of Tk8500 per ton. Initially, Mr. Y accepts X’s offer. But with certain changes in the market situation Mr.Y wants to revocation of the offer and acceptance. Explain how Mr. Y revoked this offer

Answers

Mr. Y can revoke an offer by communicating to Mr. X that he no longer wishes to proceed with the sale of mangoes at the agreed-upon price of Tk8500 per ton, which can be done in person, over the phone, or in writing.

What is the definition of revoking an offer?

Revocation of an offer occurs when the offeror withdraws the offer before the offeree accepts it. Thus, even if the offeror has already promised to keep the offer open, he can revoke it. The only time this will not occur is if the offeror received compensation to keep the offer open.

It should be noted that an offer can only be withdrawn before it has been accepted. Once an acceptance is communicated, the offer is considered binding and cannot be withdrawn. As a result, it is critical that Mr. Y communicates his rejection of the offer before Mr. X accepts it.

It is also worth noting that even if an offer has not yet been accepted, it can be terminated or become void in certain circumstances. For example, if the offer specifies a time limit for acceptance that expires, the offer is no longer valid. Similarly, if the offer's subject matter is destroyed or becomes unavailable, the offer may be terminated.

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Cultural differences that might influence the guest service experience include all of the following except

diet
greetings
humor
marriage

Answers

Answer: marriage

Explanation: You are correct! Diet, greetings, humor, and marriage are all cultural differences that can influence the guest service experience. However, marriage is not a cultural difference and therefore would not be included in this list.

Do you think ethics is become more or less important in business? Explain it. What is the difference between Ethical Relativism and Ethical absolutism. Explain it by your own words with example

Answers

hics has always been an important aspect of business, but in recent years, its significance has been further highlighted by a growing number of high-profile corporate scandals and increased public scrutiny of corporate behavior. As such, many businesses and organizations are placing a greater emphasis on ethical practices and decision-making.

One of the key reasons for this increased emphasis on ethics is the recognition that ethical behavior is not only the right thing to do, but it also has a positive impact on a company's bottom line. Ethical practices can lead to improved employee morale and productivity, increased customer loyalty, and a better reputation in the community. Additionally, businesses that prioritize ethics are less likely to face legal or financial penalties for unethical behavior.

On the other hand, ethical absolutism and ethical relativism are two theories that help to explain the perspective of ethics.

Ethical absolutism is the belief that there are certain moral rules that are universally and always right or wrong, regardless of the situation or the person's culture. For example, an ethical absolutist would say that it is always wrong to lie, cheat, or steal. This theory holds that there is an objective, universal standard of morality that applies to everyone.

On the other hand, Ethical relativism holds that morality is relative to the individual or the culture, and what is considered right or wrong can vary from person to person or culture to culture. The ethical relativist would argue that lying, cheating, or stealing could be morally acceptable in certain situations or cultures. For example, a relativist would say that something that is considered right in one culture may not be right in another culture.

In conclusion, businesses and organizations are increasingly recognizing the importance of ethics, both from a moral and a business perspective. Ethical absolutism and ethical relativism are theories that help to explain different perspectives on ethics, with the former holding that there are objective moral standards that apply to everyone and the latter believing that morality is relative to individual or culture.

A simple interest calculation provides a useful estimate of what compound interest will be if ___________. a. the dollar amount is small, b. the dollar amount is large, c. the term is long, d. the term is short
The answer: c. the term is long is the wrong answer

Answers

D is your answer

Hope this helps have an excellent day!

Would the date of the duplicate payments usually be the same or different?

Answers

The identical document date will frequently appear on the duplicate invoice. When it's not, though, the difference probably won't be greater than double your usual payment periods.

What does a duplicate payment mean?

An additional sum has already been paid to the service provider. When the accounts payable systems fail to identify earlier payments, such transactions are performed. The error suggests that a transaction request was sent shortly after an earlier attempt with identical data.

By comparing the information included with the transaction, Authorize.net may spot duplicate transactions. The "Duplicate Window" setting in RaiseDonors has to be changed. If a consumer reloads your checkout page or repeatedly hits your buy button, double transactions may result.

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How does a decrease in the price level affect the quantity of real GDP supplied in the long run?

A. Changes in the price level do not affect the level of GDP in the long run.
B. In the long run, a decrease in the price level increases inflation, which will decrease real GDP.
C. In the long run, a decrease in the price level will increase real GDP.
D. In the long run, a decrease in the price level decreases inflation, which will decrease real GDP

Answers

The answer is C. A decrease in the price level will increase real gdp

Explain right to be heard with examples

Answers

The right to be heard means that, depending on their age and maturity, children can be involved in decisions and issues that affect them.

What is the right to be heard?The right to be heard (including the participation of children) is a principle of child rights as defined in the United Nations Convention on the Rights of the Child. According to article 12 of the Convention, children have the right to express their views on all matters that affect them, and their views must be given due weight according to their age and maturity. This right applies equally to children's participation in social and political affairs, and to judicial and administrative proceedings. As a general principle, children's right to be heard should be addressed not only as vulnerable individuals with special protection needs, but also as informed decision makers, rights holders and active members of society. It reflects the child's notion of 'agency', The right to a hearing in article 12 is closely related to other articles of the Convention, which together form the so-called 'participation rights' of children and the recognition of children as citizens with rights holders. Emphasis on understanding.

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5. When are government intervention or government regulations beneficial to consumers?
O when they impose regulations on businesses that limit profits
O when they limit consumer choices by regulating goods sold by private firms
O when they limit the number of businesses permitted to open and sell goods to consumers
O when they impose safety regulations that determine how bicycle helmets are manufactured

Answers

They impose regulations on businesses that limit profits as the government intervention or government regulations beneficial to consumers. Thus, option (a) is correct.

What is government?

The term “government” refers to the legal authority of the country. The government manages to control, command, and handle the country. The government's first priority is to ensure citizens are safe in the country.

According to the rule of the government was the based on the share the profit to the government as per the taxes. The business was the developed to pay the tax to the government to the set as limit of the profit.

As a result, the regulation as the limit of the profit as the set. Therefore, option (a) is correct.

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Which of the following best defines the term "cost per hire?"
A. The amount it costs to attract, evaluate, and hire a job candidate
B. The cost of internal versus external recruitment sources
OC. The average cost of advertising a job posting
D. The cost of training a new employee

Answers

D is your answer

This answer to me would be the most logical because if I were to hire someone I would consider the “cost per hire” to be the cost of training the person I just hired.

Hope this helps have an excellent day!

When will the U.S. armed forces provide financial aid?
A. during and after your service
B. before, during, and after your service
C. After you have served two years
D. Before and after your service
PLS ANSWER QUICKLY

Answers

C that’s ur answer :))))))

What is usually the best way to display date if you have more than 10 results? a. bar graph, b. pie chart, c. line graph, d. none of the above

Answers

BAR GRAPH

The best way to display data if you have more than 10 results is usually a bar graph (a).

A bar graph is a chart that uses horizontal or vertical bars to show comparisons among categories. It is a useful tool for visualizing data and comparing values across different categories.

For example, if you have data on the number of people who prefer different types of music, you could use a bar graph to show the relative popularity of each type of music. The bars in the graph would represent the number of people who prefer each type of music, and the height of the bars would correspond to the number of people.

Bar graphs are effective for displaying data when you have more than 10 results because they allow you to easily compare the values of different categories at a glance. They are also easy to read and understand, making them a popular choice for presenting data.

Option b, pie chart, is not usually the best way to display data if you have more than 10 results because pie charts can become cluttered and difficult to read when there are too many slices.

Option c, line graph, is not usually the best choice for displaying data with more than 10 results because line graphs are better suited for showing trends over time rather than comparing values across different categories.

Hope This Helps You!

How can the member countries of wto appreciate the fta

Answers

Free trade agreements (FTAs) are agreements between two or more countries to reduce or eliminate tariffs and other trade barriers on a wide range of goods and services. The World Trade Organization (WTO) is an international organization that promotes trade and helps to resolve disputes between countries.

There are several ways in which member countries of the WTO can appreciate the benefits of FTAs:

1- Increased trade: FTAs can help to increase trade between member countries by reducing or eliminating tariffs and other trade barriers. This can lead to increased exports and imports, which can benefit businesses and consumers in both countries.
2- Economic growth: FTAs can help to stimulate economic growth by increasing the flow of goods and services between countries. This can lead to increased production, employment, and income in member countries.
3-Improved competitiveness: FTAs can help member countries to become more competitive in global markets by reducing the costs of importing and exporting goods and services. This can make it easier for businesses in member countries to enter new markets and expand their operations.
4-Consumer benefits: FTAs can benefit consumers in member countries by providing them with a wider range of goods and services at lower prices. This can be especially beneficial for consumers in developing countries, who may have limited access to certain products due to high tariffs.
5-Political benefits: FTAs can also have political benefits, as they can help to strengthen relationships between member countries and promote cooperation and stability in the region.

What is an important premise of Adam Smith’s conclusion about economic prosperity

Answers

An important premise of Adam Smith's conclusion on economic prosperity is that individual freedom is necessary for a society to prosper.

What is Adam Smith's thesis?

The philosopher developed ideals about economic liberalism, that is, the reduction of state intervention in the economy, generating the least control over freedom of thought, work and private property.

For the author, the more individuals are motivated and encouraged to exercise their individual freedom, the more benefits society will have from the innovation and creativity of each citizen.

Therefore, economic liberalism is a similar approach to the free market, an issue that is so much discussed in an increasingly globalized society.

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how much you proposed in marketing budget in your cherry mobile brands

Answers

Answer:

If part of your marketing strategy was to release a mobile app, you will also need to budget for prototype testing. This is important to ensure that your mobile app is user friendly and that you can fix any issues that may arise. The average app marketing budget is estimated to be between $1,000 and $5,000.

Explanation:

A simple interest calculation provides a useful estimate of what compound interest will be if________. a. the dollar amount is small, b. the dollar amount is large, c. the term is long, d. the term is short
Answer c. the term is long is the wrong answer

Answers

A simple interest calculation provides a useful estimate of what compound interest will be if the term is short (option d).

What is simple interest and compound interest?

Simple interest is when the amount invested grows at a linear rate. When an amount earns a compound interest, the amount invested grows at an exponential rate. Thus, an account that earns a compound interest grows at a faster rate than an account that earns a simple interest.

The formula that can be used to determine the future value of an account when there is a simple interest is:

Future value = amount invested + interest earned

Interest earned = amount invested x time x interest rate

The formula that can be used to determine the future value of an account when there is a compound interest is:

FV = P(1 + r)^n

Where:

P = amount invested r = interest rate n = number of years

It is only in the first year that an account that earns a simple interest and an account that earns a compound interest would have the same value.

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< Manny signs a variable lease. • He pays $10/square foot. ● His index is 2. His utilities will cost $350. If his index goes up to 2.5 next year, how much will Manny pay in rent? $8/square foot $25/square foot $12.50/square foot $50/square foot ​

Answers

Manny will pay option C. $12.50/square foot in rent.

How do we determine the amount of rent?

A variable lease is a type of lease where the rent is based on a specific index or formula, rather than a fixed amount.

In this scenario, Manny is paying $10/square foot and his index is 2, and the utilities cost $350. If the index goes up to 2.5 next year, Manny's rent will increase.

To calculate the increase in rent, we can use the following formula:

Rent = Base rent + (Index x Utilities)

So, if the index goes up to 2.5, the new rent will be:

Rent = $10/square foot + (2.5 x $350)

Rent = $10/square foot + $875

Therefore, Manny will pay $12.50/square foot in rent if the index goes up to 2.5 next year.

So, the correct answer is $12.50/square foot.

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The wide range of different social and ethnic backgrounds of people from varied cultures, genders, sexual orientation, religion, and other unique life perspectives is called

cultural sensitivity
diversity
inclusivity
variety

Answers

Answer:

cultural sensitivity

Explanation:

A

Answer:

Explanation: DIVERSITY

Diversity refers to the condition of having people varying in social and ethnic backgrounds, genders, sexual orientations, etc

An increase in the expected real interest rate tends to raise desired saving, but lower desired investment. Explain how and why? Also give an example

Answers

Savings have increased as a result of the higher lending rates, and the quantity of loanable money available has climbed. The need to borrow money at various interest rates is reflected in the request for loanable funds.

What is an interest rate?

An amount that a borrower must pay to a loan as interest during the course of a loan, is stated as a percentage of the loan amount.

The nation's economic balances of fixed investments and savings impact the real interest rate. All other things being equal, if saving raises or asset growth declines, the real interest rate lowers; if saving grows or asset growth reduces, the real interest rate increases.

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The act of attempting to acquire information such as user names passwords and credit card details by acting as a trustworthy entity in an electric communication is called

Answers

Phishing is the practice of pretending to be a reliable entity in an electronic conversation in order to get sensitive data such as usernames, passwords, credit card information, and occasionally even money (indirectly).

What happens when someone pretends to be a reliable internet source in order to try and get information like usernames or passwords?

Phishing is the fraudulent act of pretending to be a reliable entity in an electronic contact in order to get sensitive information like usernames, passwords, and credit card numbers.

Is it an attempt to get sensitive information such credit card numbers, usernames, and passwords?

Phishing is the practice of pretending to be a reliable entity in an electronic communication in order to get sensitive data, such as usernames, passwords, and credit card numbers.

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A group of students is studying for an economics quiz about economic cycles and how the government manages in an economy. In a market economy, strategies that change spending or taxes in order to influence economic conditions are known as:
O fiscal policy.
O equity promotion.
O monetary policy.
O economic stimulus.​

Answers

Answer:

A market economy is an economic system in which the production and distribution of goods and services are determined by the forces of supply and demand. In a market economy, the government can use various strategies to influence economic conditions, including fiscal policy and monetary policy.

Fiscal policy refers to the government's use of spending and taxation to influence the level of economic activity and manage the economy. This can include measures such as increasing government spending, reducing taxes, or a combination of both.

Monetary policy refers to the actions taken by a central bank, such as the Federal Reserve in the United States, to manage the supply and demand of money and credit in the economy. This can include measures such as adjusting interest rates or the amount of money in circulation.

The options "equity promotion" and "economic stimulus" are not typically used to describe government strategies to influence economic conditions in a market economy.

Answer:

A fiscal policy.

Explanation:

Fiscal policy deals with the government's taxation and spending policies and is the principal tool used by the government to influence aggregate demand and achieve macroeconomic policy objectives such as high employment, price stability, and economic growth.

2. Elastic goods are based on what consumers want, rather than something that they need to survive. Which of the following is an elastic good?
Osoda pop
water
O an apartment
medicine

Answers

Elastic goods or services are those for which demand fluctuates in response to price fluctuations. Consumers who are able and ready to easily shift their purchasing patterns in reaction to price fluctuations are said to be elastic consumers.

Examples of elastic goods:Examples of elastic products include:Soft drinks, like soda pop, are easy for consumers to adapt their consumption based on changes in price or availability because they are not essential for living. Apartments are not necessities for survival, and people can choose where to live depending on a variety of reasons, including price, location, and other considerations.Items like the ones listed below are not elastic goods:Water is a commodity that people will continue to buy even if the price goes up because it is necessary for survival. Because medicine is necessary for preserving health, people will continue to use it even if the cost rises.

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Question Content Area Entries for Issuing Bonds and Amortizing Discount by Straight-Line Method On the first day of its fiscal year, Chin Company issued $21,000,000 of five-year, 9% bonds to finance its operations of producing and selling home improvement products. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 11%, resulting in Chin receiving cash of $19,417,090.

Answers

The bonds were issued at a market (effective) interest rate of 11%, resulting in Chin receiving cash of $19,417,090.The journalize entries to record the issuance of the bonds.

What is market?

In economics, a market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange

Markets facilitate trade and enable the distribution and allocation of resources in a society. Markets allow any tradeable item to be evaluated and priced.

Market participants consist of all the buyers and sellers of a good who influence its price, which is determined by the market forces of supply and demand.

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"Insider" information is material given
by an employee to
A. another employee of the same business
B. the general public
C. a few non-employees in the public

Answers

Insider information, also known as interior information, refers to personal facts related to a publicly traded organisation that can furnish a financial benefit in the markets.

How do people get insider information?

The SEC's Edgar database lets in free public access to all filings related to insider shopping for and promoting of stock shares. A number of monetary facts web sites offer easier-to-use databases of insider buying.

This includes Social Security Numbers, financial institution information, different non-public identifiable monetary information, and certain transactions with monetary institutions.

An insider is a director, senior officer, entity, or character that owns greater than 10% of a publicly-traded company's vote casting shares.

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Movement of the sole (bottom) of the foot towards the midline/median plane of the body is called what A thin rod has a length of 0.609m and rotates in a circle on a frictionless tabletop. The axis is perpendicular to the length of the rod at one of its ends. The rod has an angular velocity of 0.606rad/s and a moment of inertia of 1.05 x 10^-3 kgm^2. A bug standing on the axis decides to crawl out to the other end of the rod. When the bug (whose mass is 5 x 10^-3 kg) gets where its going, what is the change in the angular velocity of the rod? How do you describe yourself in a paragraph example? What is the equation of the functionshown in the graph, given that theequation of the parent function isf(x) = (-/-) ?(}}) please help me with history ill give you brainlist Which phrase has a more positive connotation?to lead a revolutionto lead a mutiny Which major event of the Spanih-American War occurred in the Philippine?The US battlehip USS Maine unk. The US upported rebel againt the Spanih. The US defeated the Spanih fleet at Manila Bay. The US defeated the Spanih fleet at Santiago Bay A myopic person sees that her eyeglasses perscription is -4.00 D, for eyeglasses positioned 1.75 cm from her eyes. What is her far point? Compared with adults, children represent a group that is especially vulnerable to environmental hazards for the following reasons, except: a. Their immune systems are still developing b. They may be exposed more often to toxins in the outdoor air. C. They may be exposed more often to toxins in the soil. d. They spend more time indoors. without computing, decide whether the vaule of each expresstion is much smaller than 1, close to 1, or much greater than 1 All of the following are common to both the Gram stain and the acid-fast stain EXCEPT A) primary stain. B) counterstain. C) a decolorizing agent. D) a chemical mordant. E) a decolorizing agent and a counterstain. The arrangement and movements of performers relative to each other and to the stage space is calledA. blocking.B. business.C. auditions.D. casting. Can you help me please for exercise 2. In the film Alone on Mars, Mark Watney faints in the rocket responsible for bringing him back to the shipmajor. His colleague comments: He has just taken 13 g, give him two minutes. Beforegoing on an expedition, astronauts are prepared to undergo strong accelerations, commonlyquantified in g. On Earth, when a rocket "goes up to 1 g", it means that its speed increases by 10meters per second, in one second.The positions successively occupied by Mark have been represented. The duration separatingeach position is equal to 0.50 seconds.+M.1) Calculate the values of the speeds voand go.2) Prove that the variation of thespeed between times t. and t4 is:AV = VA - VO = 260 m.s-13) What is the time interval Atseparating position to and tA?4) The acceleration 'a' is given by theformula a = :If, calculate the acceleration ofMark between the M. and MA positionsCompare this acceleration with theg-value. The sentence "He has justtake 13 g>, it seems to youcorrect?Exercise 3: movement of the Moon (5pt)The Moon, the only natural satellite of theEarth, is in orbit around itfor billions of years. Fourtimes smaller than the Earth, it puts. ASAP PLEASE HELP ME!!!!! Which question is answered in section "Big Plans For The Future"? A) What is Gorman's poem for the inauguration about? B)What does Gorman want to be when she grows up? C)How old was Gorman when she started writing poetry? D)When did Gorman finish writing her poem? How do you find the ordered pair? Please help will mark Brainly a. Real GDP presents a dollar amount adjusted for inflation. b. The income approach to GDP includes consumer expenditures. c. The expenditure approach to GDP includes disposable income. 5)48 I need help I suck at math What are 3 major differences between credit unions and banks? simplify (22+35) square 2