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Question added by Rashad Moursi , Financial and Administration Manager - 3 days agoIn the case of a company has decided to exclude one of its activities and the balances was as follows; company's sales $10,0/ Cost of sales $14,0/ Value of assets sale $15,0/ Cost of assets $25,0/ Accumulated depreciation $160/
The result that will be disclo...MoreAnswers (6) - Followers (0) - Views (28) - Vote Count (0)
Please definition, eligible assets which bear the cost of borrowing (capitalized cost of borrowing) as an alternative treatment, some examples?Answers (1) - Followers (1) - Views (4) - Vote Count (1)
mustafa hussien , Financial Manager added new Answer - 11 hours agoBorrowing costs essentially refers to the interest related costs as well as all other costs that are incurred by an organization with regard funds borrowing.
there are two different treatments for the purpose of recognizing the borrowing related costs. The first method calls for capitalizing of borrowing costs into qualifying asset’s cost. The second treatments that has been prescribed is expensing of borrowing costs at the time of incurring it. This particular standard is applicable at the time of recognizing the borrowing costs. However, not every kind of borrowing costs can be capitalized. Borrowing costs, which are attributable directly to constructing, acquiring or producing of an asset that qualifies should be capitalized as part of that particular asset’s cost. In addition to this, once this kind of accounting related policy has been adopted, it must be applied on all the assets that qualify.
therefore, capitalized interest is the interest used to finance the construction of a long-term asset that an entity constructs for itself (such as a building).
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Question added by KALPANA DAHIYA , Financial Analyst-Financial Planning & Business Control - 9 days ago
Big Data & Predictive Analytics How are they both related and does Predictive analysis provide better detail ?Anyone and everyone today who talks about Big data talks about Predictive Analysis.
I am looking for insights into the same.Answers (3) - Followers (2) - Views (85) - Vote Count (3)
Question added by Danish Jamal , Jr Assistant Stores - 8 days ago
What are the most important figures in accounting reports that describe the financial position of a firm?Answers (15) - Followers (2) - Views (55) - Vote Count (2)
Question added by mohammed ismail nayeem akrami , Group Accounting Manager - 6 days agoAnswers (12) - Followers (0) - Views (28) - Vote Count (0)
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Write a question in your specialties
- Which of the following is not a type of risk?
- Accounting Ratios are important tools used by ? (a)Managers, (b) Researchers,(c)Investors, (d) All of the above.
- The primary authority over the internal audit is?
- Are you committed to the business ethics if you know that you may lose your job in return?
- Fixed assets are stated in the balance sheet at their written down value? True or False?