_____________ establishes the principles that an entity applies when reporting information about the nature, amount, timing and uncertainty of revenue and cash flows from a contract with a customer.

Related MCQs

• The objective of _________ is to establish the principles that an entity shall apply to report useful information to users of financial statements about the nature, amount, timing and uncertainty of revenue and cash flows arising from a contract with a customer.
• ___________ establishes principles for presenting and preparing consolidated financial statements when an entity controls one or more other entities.
• A _________ includes the income and expenses of a subsidiary in the consolidated financial statements from the date it gains control until the date when the reporting entity ceases to control the subsidiary.
• The tax effect on the timing differences is termed as ___________________.
• A merger is defined as the joining of two or more companies to form a single legal entity.
• A form of corporate restructuring in which the entity's business operations are segregated into one or more components is known as __________________.
• A ______________ is defined as an entity that provides the right to use an asset for a period of time in exchange for consideration.
• ____________ is the estimated remaining period, from the commencement of the lease term, without limitation by the lease term, over which the economic benefits embodied in the asset are expected to be consumed by the entity.
• A branch of accounting which decodes the human nature to hide failures, conceal problems, defend wrong decisions, and cover up mistakes is known as___________________.
• ________________ provides information to the management regarding human resource cost and value.