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You required to provide notes as part of the annual report. For the statement of changes in equity, and the income statement below can you provide notes. The standards you need to apply and reference in this assignment. You also need to consider AASB 1031 but this would not be referenced as it relates to a 'general' principle rather than specific disclosure or presentation requirements. Other details concerning the notes are located within the instruction booklet.
You will be provided with a case study, comprising a trial balance and additional information, in relation to a fictitious company. This case study can be accessed from the unit learnonline site. Using this information as a basis, you are required to prepare an annual report suitable for publication for the year ending 30 June 2014. This must include the following:
• title page and contents page• statement of profit or loss and other comprehensive income• statement of financial position• statement of changes in equity• notes to the financial statements• directors declaration• annual directors report• annual auditors report• reference list.
The minimum requirements of those Australian accounting standards/ pronouncements and corporations law as detailed in this booklet.
Determine the amount of retained earnings as of 12-31-2013 and create an accounting equation and record the beginning account balances under the appropriate elements.
The information provided below is related to equipment owned by Collier Company at December 31, 2007. What is impairment loss for Collier Company under IFRS?
Cole laboratories makes and sells a lawn fertilizer called Fastgro. The company has developed standard costs for one bag of Fastgro as follows.
assigning responsibilities in various responsibility centers.for each responsibility center described below indicate
Which of the is allowed under generally accepted accounting principles - purchase of merchandise on credit using a perpetual inventory system includes
This step in the audit process seeks to ascertain that control policies and procedures are operating effectively. What specific tests of controls might auditor have performed in evaluating this payroll system?
the dempere imports companys eps in 2009 was 2.82 and in 2004 it was 1.65. the companys payout ratio is 30 and the
Calculate the net present value of this investment using a cost of capital of 16%. Based on this analysis, would the investment be made? Explain your answer.
It would save $6,300 per year over the present method of delivering pizzas. In addition, it would result in the sale of 2,300 more pizzas each year. The company realizes a contribution margin of $1 per pizza.
Explain and critically evaluate these requirements - Impairment of Assets prepare the journal entries required if the assets were revalued to fair value at 30 June 2009
Which form of business organization would you recommend to Dr. Langholz and Dr. Clark? Include taxation impact and advantages of this form.
FIFO, LIFO Costs Under Perpetual Inventory System. What is the total cost of the ending inventory according to FIFO? Illustrate what is the total cost of the ending inventory according to LIFO?
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