BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
religion and race
|
|
|
macro and micro
|
|
|
size of company and audit firm
|
|
|
legal and cultural
|
Detailed explanation-1: -Four environmental factors are used to explain the variation observed over time in accounting development. These factors are (1) the economic environment, (2) the political environment, (3) the development of the stock market, and (4) privatization of state owned corporations.
Detailed explanation-2: -The results reveal that factors like firm size, return on equity (ROE), audit quality, foreign investment, and financial institution category positively affect the IFRS adoption of HOSE-listed companies, while total debt-to-equity ratio negatively impacts the adoption.
Detailed explanation-3: -The primary reason why Malaysia adopts the IFRS is to have one set of rules to govern the accounting function. The IFRS is the international accounting standard that is used globally by many countries and companies. Herein states the rules on how to properly quantify business transactions.
Detailed explanation-4: -IFRS influences the ways in which the components of a balance sheet are reported. Statement of Comprehensive Income: This can take the form of one statement or be separated into a profit and loss statement and a statement of other income, including property and equipment.