Margin of appreciation - Study guides, Revision notes & Summaries

Capital The money provided by the owners in a business Capital expenditure Spending on business resources that can be used repeatedly over a period of time Internal finance Money generated by the business or its current owners Retained profit Profit after tax that is 'ploughed back' into the business Revenue expenditure Spending on business resources that have already been consumed or will be very shortly Sale and leaseback The practice of selling assets, such as property or machine...

*1.1 Distinguish between physical and historical geology and describe the connections between people and geology. - correct answer Physical geology - examines the materials composing Earth and seeks to understand the processes beneath the surface. Historical geology - understanding the origin of the Earth and its development over time People are effected by the geology of their areas. Like natural hazards can effect where people live (earthqua...

7 Hour USPAP Eaxm with correct Answers graded A+ All of the following are fiduciary accounts EXCEPT: A) TOD accounts. B) trust accounts. C) estate accounts. D) guardian accounts. - CORRECT ANWERS-A) TOD accounts. Transfer on Death Accounts (TOD) are individual accounts with a designated beneficiary to receive account assets upon the death of the account owner. If a writer of an XYZ equity call option is assigned, which of the following should be delivered to the OCC? A) Cash equal to the marke...

A discount point is BEST described as a charge the borrower pays to: A.) A lender to decrease the interest rate on the mortgage loan B.) A mortgage broker at the time of application to obtain a favorable rate C.) The seller as part of the closing costs of a loan D.) A lender to ensure against foreclosure - ANSWER-A.) A lender to decrease the interest rate on the mortgage loan A buyer has made an earnest money payment of $5,000. The buyer pays an additional $2,000 in option money to be c...

Bond Indenture - Answer- Contract that specifies all the rights and obligations of the issuer and owners of a fixed income security. Negative Covenants - Answer- Prohibitions on the borrower. Affirmative Covenants - Answer- Actions that the borrower promises to perform. Maturity or Term to Maturity - Answer- Length of time until loan contract or agreement expires. Remaining life of bond. Par Value - Answer- Amount borrower promises to pay on or before maturity date. Coupon Rate - ...

CFA Level 1 Exam 1744 Questions with answers 2023 n Factorial - CORRECT ANSWER For a positive integer n, the product of the first n positive integers; 0 factorial equals 1 by definition. n factorial is written as n!. Accounting costs - CORRECT ANSWER Monetary value of economic resources used in performing an activity. These can be explicit, out-of-pocket, current payments, or an allocation of historical payments (depreciation) for resources. They do not include implicit opportunity cos...

1. Research has shown that ______ detect most frauds. a. Auditors b. Customers c. Vendors d. Employees ANSWER: d FEEDBACK: a. Incorrect. Auditors usually detect fraud when there are red flags in the financial statements. Usually by this time the fraud is large. b. Incorrect. Customers can also detect fraud, but they are not the most effective resource. c. Incorrect. Vendors can also detect fraud, but they are not the most effective resource. d. Correct. Emplo...

BMAL 590 Business Finance Complete Solution 2022 A company's balance sheet shows the value of assets, liabilities, and stockholders' equity At a specific point in time On a balance sheet, retained earnings are not "unspent cash" because They have been used to finance the firm's assets For both managers and external financial analysts, ________ is the single most important accounting number found on the income statement Net income (net profit after tax) Earnings per share (EPS) is cal...

1 GLO-BUS PARTICIPANT'S GUIDE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Which of the following does NOT accurately describe your company's camera/drone business and operations? The company has two buildings for assembling products at its Taiwan site - one for cameras and one for drones (the drone assembly process also includes assembly of an action camera model having features and specifications suitable for use in cameraequipped drones). No camera models ...

What if not followed IAS or IFRS? Not True and Fair = UNETHICAL Why PRINCIPLES not RULES? Principles harder to circumvent Why have a FRAMEWORK? Provides guidances for standards setters Gives guidance where no standards exist Helps all parties with intrerpretation 2 x Useful qualities of financial information RELEVANCE = Influences Decisions FAITHFUL REPRESENTATION = Complete, Neutral, No Errors What does RELEVANCE offer? PREDICTIVE VALUE CONFIRMATORY VALUE 4 X Qualities of FAITHFU...