Identify two examples of the most commonly required disclosureon accounting policies. How are those examples useful to financialstatement users? Analyze Verizon Communicationsâ disclosure onaccounting policies, and give your opinion on whether or not theinformation is helpful for decision making.

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Reid WolffLv2

28 Sep 2019

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Go to the International Financial Reporting Standards (IFRS) Website to review authoritative guidance on âaccounting policy disclosuresâ, located at http://www.ifrs.org in the search engine type in âaccounting policy disclosuresâ. Then highlight the main elements that primary disclosure accounting policies encompass, and provide at least two (2) examples of the most commonly required disclosures. Give your opinion on the way in which the disclosures you identified are important to financial statement users. Provide a rationale for your opinion.

purpleyellowjacket325

"StockReacquisition" Please respond to the following:

From the e-Activity, briefly outline the details of the stockreacquisition, and give your opinion of whether or not the stockreacquisition created value for the corporation that youresearched. Provide a rationale to support your opinion.

Imagine that you are conducting a study session with yourcolleagues, and they are unsure of the reasons why a company wouldreacquire its own stock. Explain the main reasons why corporationsrepurchase their own stock, and analyze the two (2) methods gearedtowards accounting for the repurchase of stock. Give your opinionof the method that you would prefer the most. Justify yourresponse.

Let us explore the differences between financial and managerialaccounting. Financial accounting is rule-oriented, since theinformation is used to communicate with third parties. Managerialaccounting, on the other hand, is for internal use. Anything goesas long as the information is a valuable tool for decision-makingpurposes, and the benefit of the information exceeds the cost ofaccumulating and analyzing it.

References:

Accounting for Management. (n.d.). Difference Between Financialand Managerial Accounting.

Principlesofaccounting.com. (n.d.). Chapter 17 Multiple ChoiceQuestions.

Required:

Below are some questions for discussion.

How is the purpose of managerial accounting different fromfinancial accounting?

Are more accountants involved in the financial or managerialfunction today?

Comment on the use of a variable costing approach vs. absorptionincome statement. Describe the differences in the presentation anduse of each type of income statement.

How is the concept of "cost of goods sold" different from"contribution margin"?

Explain the contribution margin concept/computation and when touse the information.

Choose one or two topics for further investigation and shareyour knowledge with the class. Provide factual information (notmerely opinions) backed up by current news, examples, or otherinteresting details. Your comments should be in your own words andinclude references in APA format, if applicable

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