Reference no: EM132621765
Question - Memorandum to the Board of Directors of Suncorp Group Ltd (the members of the Board have varying degrees of accounting knowledge or understanding)
Read the Annual Report including the financial statements of the Group and Memorandum to the Board of Directors clearly explaining some of the technical aspects of consolidation. draw on the company's specific details to explain the intricacies of consolidation to the Board and as much as possible avoid answering in general terms.
Some of the aspects that you need to cover are
1. Why did the parent entity have to prepare consolidated financial statements when the subsidiary company is a separate legal entity in its own right?
2. Does the published set of group financial statements reveal the company's policy on corporate governance, Audit committees, Sustainability, Solvency? Does it reveal these issues and if so where and why?
3. Has there been any goodwill on the acquisition? Or any gain on bargain purchase? Where would you find it in the financial statements and what does it mean? Any impairment?
4. Any other relevant matter that you may wish the Board of Directors to make note of in respect of some transaction or event, the balance of account or disclosure that will assist them in understanding the financial statements of the group.
|
Calculate total fixed cost and average fixed cost
: Calculate the following: Total Fixed Cost, Average Fixed Cost, Total Variable Cost, Average Variable Cost, Average Total Cost, and Marginal Cost
|
|
Organizations must have solid global strategy
: Organizations must have a solid global strategy to gain a competitive advantage and then sustain economic growth in these markets
|
|
Which of the following statement is true
: Bernard's third-party supplier would charge Lillian $54 per unit, Assuming Lillian is adopting a financial perspective, which of the following statement is true
|
|
Organizational behavior
: What did the boss do well or poorly? What would you have done differently, and which ORGANIZATIONAL BEHAVIOR TOPICS would have been most relevant?
|
|
Prepare consolidated financial statements
: Why did the parent entity have to prepare consolidated financial statements when the subsidiary company is a separate legal entity in its own right
|
|
Present the accounts in the general ledger
: Present the following accounts in the general ledger of Monica Traders for the year ended 28 February 2016 to your lecturer
|
|
Information regarding product features and prices
: Describe the process in which you bought your laptop or any other similar item. how you gathered information regarding product features and prices,
|
|
Forces in business of operating college
: Rank order the relative importance of Porter's five forces in the business of operating a college or university.
|
|
Which of the statement is true
: The market price for the assembled chair would be $30. If Jonathan Corporation adopts a financial perspective, which of the following is true
|