Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The draft financial statements of Tacos plc include research and development expenditure of $390,500 within intangible assets. The accountant's working papers show that this all related to the development of a new waterproof fabric, which was assessed as being commercially viable on 31 March 2019. The development of the fabric was completed on 31 August 2019, and the first fabric was delivered to customers on 1 September 2019.
The amount capitalised is made up as follows:
Research costs 100,000
Development costs incurred prior to 31 March 2015 55,500
Development costs incurred from 1 April 2015 to 31 August 2015 225,000
Marketing costs 10,000
390,500
No amortisation has been charged on this amount. The fabric technology is estimated to have a three-year life before it is superseded by superior products.
Question 1: Explain the required IFRS financial reporting treatment of the above in the financial statements of each company. Submit all relevant calculations and set out the required adjustments in the form of journal entries.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd