The International Accounting Standards Board (IASB) is currently working with other accounting standards setting bodies in the world to have a global application of International Financial Reporting Standards. An important point of focus is conceptual framework. Required: Explain the importance Read More …
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Challenges faced IPSASs Board in promoting the use of IPSASs
Sovereignty of different countries: Each government operates independently as compared to private sector and therefore promoting a culture of uniformity in reporting may to be acceptable to Different counties also have different reporting requirements and procedures for the government departments. Read More …
Additional statements and reports which could be included as part of the annual accounts of reporting entity
A statement showing how the benefits of the efforts of an entity are shared between employees, providers of capital, the state and reinvestment. This statement will assist users to evaluate the economic performance of the entity. It is generally known Read More …
Factors that may indicate that a financial asset is impaired
Briefly explain any three factors that may indicate that a financial asset is impaired A significant financial difficulty of the issuer that is willing to pay interest or principal at the date of A breach of contract for example not Read More …
Emergence of social and environmental accounting and reporting
Social and environment accounting has been defined as the process of communicating the social and environmental effects of an organizational economic activities to particular interest groups within society at large. As such it involves extending the accountability of organizations beyond Read More …
Challenges faced accounting profession and entities with regard to the application of current international accounting standards on financial instruments
Sovereignty of different countries: Each government operates independently as compared to the private sector and therefore promoting a culture of uniformity in reporting may not be acceptable to all. Different countries also have different reporting requirements and procedures for the Read More …
Methods of providing for deferred tax
Explain the following methods of providing for deferred tax and indicate which is the preferred method under IAS 12( Income Taxes (i) Nil provision This is where the financial statements are prepared without reflecting all the effects of tax ie Read More …
Differences between income statement view and balance sheet view of deferred taxes
Explain to a non-accountant the difference between the “income statement view” and the “balance sheet view” of deferred tax When the income statement view of deferred taxes is taken, there is a focus on the differences between the accounting profit Read More …
Factors to be considered in choosing the presentation currency
Briefly explain the factors to be considered when choosing the presentation currency of financial statements Whether the activities of the foreign operation are carried out as an extension of the reporting entity or are being carried out with significant degree Read More …
KASNEB EXAMINATION TIMETABLES – JULY 2020
[tnc-pdf-viewer-iframe file=”https://kasnebnotes.co.ke/wp-content/uploads/2020/04/TIMETABLES-JULY-2020-3-DAYS.pdf” width=”100%” height=”800″ download=”true” print=”true” fullscreen=”true” share=”true” zoom=”true” open=”true” pagenav=”true” logo=”true” find=”true” current_view=”true” rotate=”true” handtool=”true” doc_prop=”true” toggle_menu=”true” language=”en-US” page=”” default_zoom=”auto” pagemode=””] CAMS EXAMINATION TIMETABLE – JULY 2020 DAY DATE EXAMINATION MORNING AFTERNOON TUESDAY 28 Read More …