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accounting question – ias 38 -ifrs 3?

Question by bussiness_hotshot: accounting question – ias 38 -ifrs 3?
The following info relates to Rockmedia plc, a media and entertainment company for the year to 31st Match 2007

1) the company acquired the copyrights to the original recordings… Continue reading

The People’s Court- “Bad Accounting” [Lazy landscaper lapses on lawn?]

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Stressing a team-first mentality, Leslie Frazier accepted the Minnesota Vikings head coaching job on Monday and vowed to thoroughly examine the team’s roster, their staff and the scheme on both sides of the ball to… Continue reading

True/False accounting questions! please help!!?

Question by bonbon: True/False accounting questions! please help!!?
37)Net income under accrual timing is subject to more distortion than cash flow from operations cuz of large accruals and deferrals that can impact reported income
38)If a comp’s… Continue reading

Q&A: Would the signing of a contract be recorded in a construction company’s accounting journal?

Question by redmercury82: Would the signing of a contract be recorded in a construction company’s accounting journal?
Working on some accounting homework; I’m not sure how to journalize the signing of a contract for an imaginary… Continue reading