Solution Manual For
Intermediate Accounting IFRS 4th Edition by Donald E. Kieso, Jerry J.
Weygandt, Terry D. Warfield Chapter 1-24
CHAPTER 1
Financial Reporting and Accounting Standards
NW
ASSIGNMENT CLASSIFICATION TABLE
U
Topics Questions Concepts for
Analysis
Rhi
1. Global markets and financial reporting. 1, 2, 3, 4 4
2. Objective of financial reporting. 5, 6, 7, 8, 9, 10 2, 3
SzzE
3. Standard-setting organizations. 11, 12, 13, 14, 1, 2, 3, 5, 6, 8, 9,
15, 16, 17, 18 11
4. Financial reporting challenges. 19, 20, 21, 22, 3, 7, 8, 10, 11, 12
23, 24, 25
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ASSIGNMENT CHARACTERISTICS TABLE
Level of Time
Item Description Difficulty (minutes)
Ors
CA1.1 IFRS and standard-setting. Simple 5–10
CA1.2 IFRS and standard-setting. Simple 5–10
CA1.3 Financial reporting and accounting standards. Simple 15–20
Ce
CA1.4 Financial accounting. Simple 15–20
CA1.5 Need for IASB. Simple 15–20
CA1.6 IASB role in standard-setting. Simple 15–20
S
CA1.7 Accounting numbers and the environment. Simple 10–15
CA1.8 Politicalization of IFRS. Complex 15–20
CA1.9 Models for setting IFRS. Simple 10–15
CA1.10 Economic consequences. Moderate 10–15
CA1.11 Rule-making Issues. Complex 20–25
CA1.12 Financial reporting pressures. Moderate 25–35
Copyright © 2020 Wiley Kieso, IFRS,4/e, Solutions Manual (For Instructor Use Only) 1-1-1
, ANSWERS TO QUESTIONS
1. World markets are becoming increasingly intertwined. The tremendous variety and volume of both
exported and imported goods indicates the extensive involvement in international trade. As a
result, the move towards adoption of international financial reporting standards has and will
continue in the future.
LO: 1, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
2. Financial accounting measures, classifies, and summarizes in report form those activities and that
information which relate to the enterprise as a whole for use by parties both internal and external
to a business enterprise. Managerial accounting also measures, classifies, and summarizes in
report form enterprise activities, but the communication is for the use of internal, managerial
parties, and relates more to subsystems of the entity. Managerial accounting is management
NW
decision-oriented and directed more toward product line, division, and profit center reporting.
LO: 1, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
3. Financial statements generally refer to the four basic financial statements: statement of financial
U
position, statement of comprehensive income (or income statement), statement of cash flows, and
statement of changes in equity. Financial reporting is a broader concept; it includes the basic
financial statements and any other means of communicating financial and economic data to
interested external parties.
Rhi
LO: 1, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
4. If a company‘s financial performance is measured accurately, fairly, and on a timely basis, the right
managers and companies are able to attract investment capital. To provide unreliable and
SzzE
irrelevant information leads to poor capital allocation which adversely affects the securities market.
LO: 1, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
5. A single set of high quality accounting standards ensures adequate comparability. Investors are
able to make better investment decisions if they receive financial information from a U.S. company
nDu
that is comparable to an international competitor.
LO: 2, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
6. The objective of general-purpose financial reporting is to provide financial information about the
reporting entity that is useful to present and potential equity investors, lenders, and other creditors
Ors
in making decisions about providing resources to the entity.
LO: 2, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
7. General-purpose financial statements provide financial reporting information to a wide variety of
Ce
users. To be cost effective in providing this information, general-purpose financial statements
provide at the least cost the most useful information possible.
LO: 2, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
S
8. Shareholders, creditors, suppliers, employees, and regulators all use general-purpose financial
statements. The primary user group is capital providers (shareholders and creditors).
LO: 2, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
9. The proprietary perspective is not considered appropriate because this perspective generally does
not reflect a realistic view of the financial reporting environment. Instead, the entity perspective
is adopted which is consistent with the present business environment where most companies
engaged in financial reporting have substance separate and distinct from their owners.
LO: 2, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
1-1-2 Copyright © 2020 Wiley Kieso, IFRS, 4/e, Solutions Manual (For Instructor Use Only)
, Questions Chapter 1 (Continued)
10. This statement is not correct. The objective of financial reporting is primarily to provide information
to investors interested in assessing the company‘s ability to generate net cash inflows and
management‘s ability to protect and enhance the capital providers‘ investments. Financial
reporting should help investors assess the amounts, timing and uncertainty of prospective cash
inflows.
LO: 2, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
11. The two organizations involved in international standard-setting are IOSCO (International Organi-
zation of Securities Commissions) and the IASB (International Accounting Standards Board.) The
IOSCO does not set accounting standards, but ensures that the global markets can operate in an
efficientTraduction en manner.
and effective FrançaisConversely,
(French Translation)
the IASB‘s mission is to develop a single set of high
Banque de Questions pour Medical-Surgical
quality, enforceable and global financial Nursing:
reporting standards Focus
(IFRSs) on
for general-purpose financial
Clinical Judgment, 3e Édition par Linda Honan
statements.
NW
Affûtez votre acuité au jugement clinique avec cette banque de
LO: 3, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
questions d'élite pour Medical-Surgical Nursing: Focus on
12. IOSCO (International Organization of Securities Commissions) is an association of organizations
Clinical Judgment, 3e Édition de Linda Honan. Conçue pour la
that regulate the world‘s securities markets. Members are generally the main financial regulators
U
for a givenmaîtrisecountry.en IOSCO
med-surg, doesellenotlibère plus de 1standards.
set accounting 800 questions
guidées par des scénarios – à choix multiple, exercices de
LO: 3, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
priorisation, cas évolutifs et analyses style NCLEX – sur plus
de 50ofchapitres.
the IASB Aiguisez le modèle de Tanner en action
Board): is to develop, in the public
Rhi
13. The mission (International Accounting Standards
interest,reconnaître
a single setles indices, analyser les risques, prioriser les financial reporting standards
of high quality, enforceable global international
(IFRSs) for general-purpose financial statements.
interventions et évaluer les résultats pour des domaines à haut
risque comme choc/trauma, arrêt cardiaque, gestion de la
LO: 3, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
SzzE
14. The purpose septicémie, of the complications
Monitoring Board postopératoires,
is to establish crisesa link between accounting standard-setters
and those endocriniennes,
public authorities détériorations
(such as IOSCO) neurologiques,
that generally obstructions GI
oversee accounting standard-setters.
This board et insuffisance rénale, tous imprégnés des mises à jour 2026
also provides political legitimacy to the overall organization.
sur triage
LO: 3, Bloom: K, Difficulty: IA, 3-5,
Simple, Time: équité
AACSB:en santé
None, et None,
AICPA BB: apprentissage basé
AICPA FC: Reporting, AICPAsur
PC: Communication
simulation selon les normes AACN et NCSBN.
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15. The IASB preliminary views are based on research and analysis conducted by the IASB staff.
Chaque question
IASB exposure drafts ares'associe issued after à des theréponses vérifiées,research
Board evaluates rationales and public response to
stratifiées disséquant les décisions
preliminary views. IASB standards are issued after the Board evaluates basées sur preuves, et responses to the exposure
draft. remédiation pour une pensée adaptative. Avec simulateurs de
cas évolutifs, tableaux deAICPA
bordBB:de performance etAICPA
traqueurs
Ors
LO: 3, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, None, AICPA FC: Reporting, PC: Communication
alignés QSEN, cette ressource propulse les étudiants BSN,
candidats RN-BC
16. IASB International FinancialetReporting
éducateurs vers la are
Standards domination NCLEX-RN.
financial accounting standards issued by the
IASB and De la détection d'indices à la défense confiante, enflammez la
are referred to as International Financial Reporting Standards (IFRS). The IFRS
Ce
Conceptual Framework for Financial Reporting sets forth fundamental objectives and concepts
maîtrise du jugement – excellez aux examens, élevez la
that the Board uses in developing future standards of financial reporting. The intent of the
Conceptual sécurité des patients
Framework is to form et prospérez
a cohesive dansset of des environnements
interrelated de will serve as tools for
concepts that
solving soins
existing dynamiques
and emerging ! problems in a consistent manner.
S
LO: 3, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
17. In ranking from the most authoritative to least authoritative, International Financial Reporting
Standards are the most authoritative, followed by International Financial Reporting Standard
Interpretations and then the Conceptual Framework for Financial Reporting.
LO: 3, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
Copyright © 2020 Wiley Kieso, IFRS,4/e, Solutions Manual (For Instructor Use Only) 1-1-3
, Questions Chapter 1 (Continued)
18. The International Financial Reporting Standards Interpretations Committee (IFRIC) applies a
principles-based approach in providing interpretative guidance. The IFRIC issues interpretations
that cover newly identified financial reporting issues not specifically dealt with in IFRS, and issues
where conflicting interpretations have developed, or seem likely to develop in the absence of
authoritative guidance.
LO: 3, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
19. Some major challenges facing the accounting profession relate to the following items:
Nonfinancial measurement—how to report significant key performance measurements such as
customer satisfaction indexes, backlog information and reject rates on goods purchased.
Tradução
Forward-looking para Português
information—how to reportAngolano (Angolan Portuguese
more future-oriented information.
Translation)
Soft assets—how to report on intangible assets, such as market know-how, market
Banco
dominance, and de Questões
well-trained para Medical-Surgical Nursing: Focus on
employees.
NW
Clinical
Timeliness—how Judgment,
to report 3ª Edição
more real-time por Linda Honan
information.
Afi e a sua vantagem no julgamento clínico com este banco de
LO: 4, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
questões de elite para Medical-Surgical Nursing: Focus on
20. The sources of pressure are innumerable, but the most intense and continuous pressure to
Clinicalthe Judgment, 3ª Edição de come
Linda from Honan. Projetado para
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change or influence development of IFRS individual companies, industry
associations, governmental domínio em agencies,
med-surg, practicing
liberta maisaccountants,
de 1.800 questões guiadas professional
academicians,
accounting organizations, por cenários – escolha
and investing múltipla, exercícios de priorização,
public.
casos que None,
se desenrolam e análises estilo
AICPA NCLEX – através
Rhi
LO: 4, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: AICPA BB: None, AICPA FC: Reporting, PC: Communication
de 50+ capítulos. Afi e o modelo de Tanner em ação:
21. Economic consequences means the impact of accounting reports on the wealth positions of
reconhecer pistas, analisar riscos, priorizar intervenções e
issuers and users of financial information, and the decision-making behavior resulting from that
avaliar resultados para domíniosimpactsde alto risco
userscomo
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impact. In other words, accounting information various in many different ways which
choque/trauma,
leads to wealth transfers among these various groups. paragem cardíaca, gestão de septicemia,
complicações pós-operatórias, crises endócrinas,
If politics plays andeteriorações
important role neurológicas,
in the development obstruções GI e falência
of accounting rules, the renal,
rules will be subject
to manipulation for todos infundidos com atualizações de 2026 sobre triagem
the purpose of furthering whatever policy prevails at the IA, No matter
moment.
how well intentioned the rule-maker may be, if information is designed to indicate that investing in
equidade emlesssaúderisk ethan
aprendizagem baseada em simulação
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a particular enterprise involves it actually does, or is designed to encourage invest-
segundo padrões AACN e NCSBN.
ment in a particular segment of the economy, financial reporting will suffer an irreplaceable loss of
credibility. Cada questão associa-se a respostas verificadas,
racionalizações
LO: 4, Bloom: K, Difficulty: Simple, Time: estratificadas
3-5, AACSB: None, AICPA que
BB: None, AICPA FC: dissecam
Reporting, AICPA PC:decisões
Communication
baseadas em evidências, e remediação para pensamento
Ors
22. No one particularadaptativo. proposal isCom expected in answer
simuladores to this que
de casos question. The students‘ proposals,
se desenrolam,
however, should be defensible relative to the following criteria:
(1) The method must painéis de desempenho
be efficient, responsive,e and trackers alinhados QSEN, este
expeditious.
(2) The method must recurso
be freeimpulsiona
of bias and estudantes
be above or BSN, candidatos
insulated RN-BCgroups.
from pressure e
Ce
(3) The method must educadores
commandpara domíniosupport
widespread NCLEX-RN.if it doesDa notdeteção de pistas
have legislative à
authority.
(4) The method must defesa confiante, acenda a destreza no julgamento – arrase
produce sound yet practical accounting principles or standards.
The students‘ proposals nos exames,
might takeelevethe aform
segurança do paciente
of alterations e prospere
of the existing em
methodology, an accoun-
ambientes de cuidados
Spacek),dinâmicos!
S
ting court (as proposed by Leonard or governmental device.
LO: 4, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
23. Concern exists about fraudulent financial reporting because it can undermine the entire financial
reporting process. Failure to provide information to users that is accurate can lead to inappropriate
allocations of resources in our economy. In addition, failure to detect massive fraud can lead to
additional governmental oversight of the accounting profession.
LO: 4, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
1-1-4 Copyright © 2020 Wiley Kieso, IFRS, 4/e, Solutions Manual (For Instructor Use Only)
Intermediate Accounting IFRS 4th Edition by Donald E. Kieso, Jerry J.
Weygandt, Terry D. Warfield Chapter 1-24
CHAPTER 1
Financial Reporting and Accounting Standards
NW
ASSIGNMENT CLASSIFICATION TABLE
U
Topics Questions Concepts for
Analysis
Rhi
1. Global markets and financial reporting. 1, 2, 3, 4 4
2. Objective of financial reporting. 5, 6, 7, 8, 9, 10 2, 3
SzzE
3. Standard-setting organizations. 11, 12, 13, 14, 1, 2, 3, 5, 6, 8, 9,
15, 16, 17, 18 11
4. Financial reporting challenges. 19, 20, 21, 22, 3, 7, 8, 10, 11, 12
23, 24, 25
nDu
ASSIGNMENT CHARACTERISTICS TABLE
Level of Time
Item Description Difficulty (minutes)
Ors
CA1.1 IFRS and standard-setting. Simple 5–10
CA1.2 IFRS and standard-setting. Simple 5–10
CA1.3 Financial reporting and accounting standards. Simple 15–20
Ce
CA1.4 Financial accounting. Simple 15–20
CA1.5 Need for IASB. Simple 15–20
CA1.6 IASB role in standard-setting. Simple 15–20
S
CA1.7 Accounting numbers and the environment. Simple 10–15
CA1.8 Politicalization of IFRS. Complex 15–20
CA1.9 Models for setting IFRS. Simple 10–15
CA1.10 Economic consequences. Moderate 10–15
CA1.11 Rule-making Issues. Complex 20–25
CA1.12 Financial reporting pressures. Moderate 25–35
Copyright © 2020 Wiley Kieso, IFRS,4/e, Solutions Manual (For Instructor Use Only) 1-1-1
, ANSWERS TO QUESTIONS
1. World markets are becoming increasingly intertwined. The tremendous variety and volume of both
exported and imported goods indicates the extensive involvement in international trade. As a
result, the move towards adoption of international financial reporting standards has and will
continue in the future.
LO: 1, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
2. Financial accounting measures, classifies, and summarizes in report form those activities and that
information which relate to the enterprise as a whole for use by parties both internal and external
to a business enterprise. Managerial accounting also measures, classifies, and summarizes in
report form enterprise activities, but the communication is for the use of internal, managerial
parties, and relates more to subsystems of the entity. Managerial accounting is management
NW
decision-oriented and directed more toward product line, division, and profit center reporting.
LO: 1, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
3. Financial statements generally refer to the four basic financial statements: statement of financial
U
position, statement of comprehensive income (or income statement), statement of cash flows, and
statement of changes in equity. Financial reporting is a broader concept; it includes the basic
financial statements and any other means of communicating financial and economic data to
interested external parties.
Rhi
LO: 1, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
4. If a company‘s financial performance is measured accurately, fairly, and on a timely basis, the right
managers and companies are able to attract investment capital. To provide unreliable and
SzzE
irrelevant information leads to poor capital allocation which adversely affects the securities market.
LO: 1, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
5. A single set of high quality accounting standards ensures adequate comparability. Investors are
able to make better investment decisions if they receive financial information from a U.S. company
nDu
that is comparable to an international competitor.
LO: 2, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
6. The objective of general-purpose financial reporting is to provide financial information about the
reporting entity that is useful to present and potential equity investors, lenders, and other creditors
Ors
in making decisions about providing resources to the entity.
LO: 2, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
7. General-purpose financial statements provide financial reporting information to a wide variety of
Ce
users. To be cost effective in providing this information, general-purpose financial statements
provide at the least cost the most useful information possible.
LO: 2, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
S
8. Shareholders, creditors, suppliers, employees, and regulators all use general-purpose financial
statements. The primary user group is capital providers (shareholders and creditors).
LO: 2, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
9. The proprietary perspective is not considered appropriate because this perspective generally does
not reflect a realistic view of the financial reporting environment. Instead, the entity perspective
is adopted which is consistent with the present business environment where most companies
engaged in financial reporting have substance separate and distinct from their owners.
LO: 2, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
1-1-2 Copyright © 2020 Wiley Kieso, IFRS, 4/e, Solutions Manual (For Instructor Use Only)
, Questions Chapter 1 (Continued)
10. This statement is not correct. The objective of financial reporting is primarily to provide information
to investors interested in assessing the company‘s ability to generate net cash inflows and
management‘s ability to protect and enhance the capital providers‘ investments. Financial
reporting should help investors assess the amounts, timing and uncertainty of prospective cash
inflows.
LO: 2, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
11. The two organizations involved in international standard-setting are IOSCO (International Organi-
zation of Securities Commissions) and the IASB (International Accounting Standards Board.) The
IOSCO does not set accounting standards, but ensures that the global markets can operate in an
efficientTraduction en manner.
and effective FrançaisConversely,
(French Translation)
the IASB‘s mission is to develop a single set of high
Banque de Questions pour Medical-Surgical
quality, enforceable and global financial Nursing:
reporting standards Focus
(IFRSs) on
for general-purpose financial
Clinical Judgment, 3e Édition par Linda Honan
statements.
NW
Affûtez votre acuité au jugement clinique avec cette banque de
LO: 3, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
questions d'élite pour Medical-Surgical Nursing: Focus on
12. IOSCO (International Organization of Securities Commissions) is an association of organizations
Clinical Judgment, 3e Édition de Linda Honan. Conçue pour la
that regulate the world‘s securities markets. Members are generally the main financial regulators
U
for a givenmaîtrisecountry.en IOSCO
med-surg, doesellenotlibère plus de 1standards.
set accounting 800 questions
guidées par des scénarios – à choix multiple, exercices de
LO: 3, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
priorisation, cas évolutifs et analyses style NCLEX – sur plus
de 50ofchapitres.
the IASB Aiguisez le modèle de Tanner en action
Board): is to develop, in the public
Rhi
13. The mission (International Accounting Standards
interest,reconnaître
a single setles indices, analyser les risques, prioriser les financial reporting standards
of high quality, enforceable global international
(IFRSs) for general-purpose financial statements.
interventions et évaluer les résultats pour des domaines à haut
risque comme choc/trauma, arrêt cardiaque, gestion de la
LO: 3, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
SzzE
14. The purpose septicémie, of the complications
Monitoring Board postopératoires,
is to establish crisesa link between accounting standard-setters
and those endocriniennes,
public authorities détériorations
(such as IOSCO) neurologiques,
that generally obstructions GI
oversee accounting standard-setters.
This board et insuffisance rénale, tous imprégnés des mises à jour 2026
also provides political legitimacy to the overall organization.
sur triage
LO: 3, Bloom: K, Difficulty: IA, 3-5,
Simple, Time: équité
AACSB:en santé
None, et None,
AICPA BB: apprentissage basé
AICPA FC: Reporting, AICPAsur
PC: Communication
simulation selon les normes AACN et NCSBN.
nDu
15. The IASB preliminary views are based on research and analysis conducted by the IASB staff.
Chaque question
IASB exposure drafts ares'associe issued after à des theréponses vérifiées,research
Board evaluates rationales and public response to
stratifiées disséquant les décisions
preliminary views. IASB standards are issued after the Board evaluates basées sur preuves, et responses to the exposure
draft. remédiation pour une pensée adaptative. Avec simulateurs de
cas évolutifs, tableaux deAICPA
bordBB:de performance etAICPA
traqueurs
Ors
LO: 3, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, None, AICPA FC: Reporting, PC: Communication
alignés QSEN, cette ressource propulse les étudiants BSN,
candidats RN-BC
16. IASB International FinancialetReporting
éducateurs vers la are
Standards domination NCLEX-RN.
financial accounting standards issued by the
IASB and De la détection d'indices à la défense confiante, enflammez la
are referred to as International Financial Reporting Standards (IFRS). The IFRS
Ce
Conceptual Framework for Financial Reporting sets forth fundamental objectives and concepts
maîtrise du jugement – excellez aux examens, élevez la
that the Board uses in developing future standards of financial reporting. The intent of the
Conceptual sécurité des patients
Framework is to form et prospérez
a cohesive dansset of des environnements
interrelated de will serve as tools for
concepts that
solving soins
existing dynamiques
and emerging ! problems in a consistent manner.
S
LO: 3, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
17. In ranking from the most authoritative to least authoritative, International Financial Reporting
Standards are the most authoritative, followed by International Financial Reporting Standard
Interpretations and then the Conceptual Framework for Financial Reporting.
LO: 3, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
Copyright © 2020 Wiley Kieso, IFRS,4/e, Solutions Manual (For Instructor Use Only) 1-1-3
, Questions Chapter 1 (Continued)
18. The International Financial Reporting Standards Interpretations Committee (IFRIC) applies a
principles-based approach in providing interpretative guidance. The IFRIC issues interpretations
that cover newly identified financial reporting issues not specifically dealt with in IFRS, and issues
where conflicting interpretations have developed, or seem likely to develop in the absence of
authoritative guidance.
LO: 3, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
19. Some major challenges facing the accounting profession relate to the following items:
Nonfinancial measurement—how to report significant key performance measurements such as
customer satisfaction indexes, backlog information and reject rates on goods purchased.
Tradução
Forward-looking para Português
information—how to reportAngolano (Angolan Portuguese
more future-oriented information.
Translation)
Soft assets—how to report on intangible assets, such as market know-how, market
Banco
dominance, and de Questões
well-trained para Medical-Surgical Nursing: Focus on
employees.
NW
Clinical
Timeliness—how Judgment,
to report 3ª Edição
more real-time por Linda Honan
information.
Afi e a sua vantagem no julgamento clínico com este banco de
LO: 4, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
questões de elite para Medical-Surgical Nursing: Focus on
20. The sources of pressure are innumerable, but the most intense and continuous pressure to
Clinicalthe Judgment, 3ª Edição de come
Linda from Honan. Projetado para
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change or influence development of IFRS individual companies, industry
associations, governmental domínio em agencies,
med-surg, practicing
liberta maisaccountants,
de 1.800 questões guiadas professional
academicians,
accounting organizations, por cenários – escolha
and investing múltipla, exercícios de priorização,
public.
casos que None,
se desenrolam e análises estilo
AICPA NCLEX – através
Rhi
LO: 4, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: AICPA BB: None, AICPA FC: Reporting, PC: Communication
de 50+ capítulos. Afi e o modelo de Tanner em ação:
21. Economic consequences means the impact of accounting reports on the wealth positions of
reconhecer pistas, analisar riscos, priorizar intervenções e
issuers and users of financial information, and the decision-making behavior resulting from that
avaliar resultados para domíniosimpactsde alto risco
userscomo
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impact. In other words, accounting information various in many different ways which
choque/trauma,
leads to wealth transfers among these various groups. paragem cardíaca, gestão de septicemia,
complicações pós-operatórias, crises endócrinas,
If politics plays andeteriorações
important role neurológicas,
in the development obstruções GI e falência
of accounting rules, the renal,
rules will be subject
to manipulation for todos infundidos com atualizações de 2026 sobre triagem
the purpose of furthering whatever policy prevails at the IA, No matter
moment.
how well intentioned the rule-maker may be, if information is designed to indicate that investing in
equidade emlesssaúderisk ethan
aprendizagem baseada em simulação
nDu
a particular enterprise involves it actually does, or is designed to encourage invest-
segundo padrões AACN e NCSBN.
ment in a particular segment of the economy, financial reporting will suffer an irreplaceable loss of
credibility. Cada questão associa-se a respostas verificadas,
racionalizações
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22. No one particularadaptativo. proposal isCom expected in answer
simuladores to this que
de casos question. The students‘ proposals,
se desenrolam,
however, should be defensible relative to the following criteria:
(1) The method must painéis de desempenho
be efficient, responsive,e and trackers alinhados QSEN, este
expeditious.
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be freeimpulsiona
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from pressure e
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have legislative à
authority.
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produce sound yet practical accounting principles or standards.
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might takeelevethe aform
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methodology, an accoun-
ambientes de cuidados
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ting court (as proposed by Leonard or governmental device.
LO: 4, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
23. Concern exists about fraudulent financial reporting because it can undermine the entire financial
reporting process. Failure to provide information to users that is accurate can lead to inappropriate
allocations of resources in our economy. In addition, failure to detect massive fraud can lead to
additional governmental oversight of the accounting profession.
LO: 4, Bloom: K, Difficulty: Simple, Time: 3-5, AACSB: None, AICPA BB: None, AICPA FC: Reporting, AICPA PC: Communication
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