Elite Wealth Advisors Accountant Interview Questions and Answers

Management fees are calculated by determining the percentage of assets under management or a flat fee based on services provided.

• Calculate the total value of assets under management

• Determine the management fee percentage or flat fee

• Multiply the total value of assets by the fee percentage or add the flat fee

• Example: Total assets under management = $1,000,000, Management fee percentage = 1%, Management fee = $10,000

IFRS policies are a set of accounting standards developed by the International Accounting Standards Board (IASB) to ensure consistency and transparency in financial reporting.

• IFRS policies are principles-based, meaning they provide guidelines rather than specific rules

• They are used by companies across the globe to prepare financial statements

• IFRS policies aim to enhance comparability and understandability of financial ...read more