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!
Preparation of cashflow statements
IAS 7 recommends that the cashflow statement can be prepared using two methods:-I) Direct methodWhereby, cash from operations is determined by getting the differences between cash received from customers and cash paid to suppliers of goods an services and employees.II) Indirect methodThe cash from operations is determined by making adjustments to the profit before tax for the following items.
In addition to the above items, the following points need to be noted about preparation of consolidated cashflow statements.a) Goodwill impaired for the year is a non-cash expense that should be added back to the group profit before the tax.b) Where the group has investments in associate company then dividends received from associate should be reported as a separate item under investing activities. The dividend to be reported can be determined as follows.
£
Balance b/d
x
Share of tax in associate company
Share of profit before tax in associate company
Dividends balance figure
Balance c/d
The dividends paid to minority interest should also be disclosed separately from those of the holding company and classified under financing activities
Dividends paid to minority interest may be determined as follows:
Share of profits in subsidiary
During its financial year ended 30 June 20x7 Beavers Ltd, an engineering company, has worked on several contracts. Information relating to one of them is given below.
Allied Managed Care Company is evaluating two different computer systems for handling provider claims. There are no incremental revenues attached to the projects, so the decision
Cash flow Estimation and Capital Budgeting XYZ Electronics, Inc. is a manufacturer of eBook Readers. Its current model is selling excellently. However, in order to cope with t
I need this assignment from 4 days to submit.
GROUP STRUCTURES A group structure is the relationship between the holding company and its subsidiaries. There are normally four main types of group structures (apart from the
These are the indirect costs that are related with manufacturing. Absorbed costs involve expenses like insurance, or property taxes for the building in which the production process
Changes in accounting estimates In preparing financial statements, it may be difficult to arrive at exact values for certain items to be presented in the financial statements and
The opening entries 1. Assets of the estate or trust In both cases the various assets of the estate or trust are debited to appropriate accounts and credited to the Estate Ca
The following table represents the demand for a product for the years 1990 to 2007: a. Develop a linear trend line and use it to predict the quantity demanded for 2008,
“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.” Elaborate and explain why journal is necessary.
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: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd