What is reporting currency, Financial Accounting

Assignment Help:

1. What accounting firm performed the audit of Zetar's financial statement?

2. What is the address of the company's corporate headquarters?

3. What is the company's reporting currency?

4. What two segments does the company operate in, and what were the sales for each segment in the year ending April 30, 2011?

5. Identify five differences in the format of the statement of financial position used by Zetar Plc company to a company, such as Tootsie Roll, that follows US GAAP. Tootsie Roll's Financial Statements are posted on Vspace as an attachment to this assignment.

6. Describe in which statement each of the following items is reported, and the position in the statement (e.g., current assets) it is reported in.

  • Share capital
  • Goodwill
  • Borrowings and overdrafts
  • Amortization of intangibles
  • Derivative financial instruments

7. From your review of note 3.7, how does the company determine the amount of revenue to record at the time of a sale?

 


Related Discussions:- What is reporting currency

Illustration of corporate tax-income tax-financial statement, Illustration ...

Illustration of Corporate tax During the year ended31/12/2003, A Ltd. had estimated the corporation tax for the year to be £100,000. The amount was still outstanding as at 31/1

Prepare the additional journal entry, In the current year, Madison Corporat...

In the current year, Madison Corporation had $50,000 of taxable income at a tax rate of 25%. During the year, Madison began offering warranties on its products and has a warranty l

the rate of interest on the gold is too high or too low, Suppose you are ...

Suppose you are a financial manager of Yuen Cheong Manufacturng Company. Due to the rising demand of product X, Yuen Cheong Manufacturng Company decides to open a new production pl

Unrealized profit on property, Unrealized profit on Property, Plant and Equ...

Unrealized profit on Property, Plant and Equipment Where one company sells an item of PPE  to the other company in the group then, this will lead to two main problems. a) The se

How many shares are now outstanding, 1. Jepsen Corp had the following trans...

1. Jepsen Corp had the following transactions relating to shares of stock: • Issued 1,000 shares • Purchased 100 shares • Re-issued 50 shares • Declared and distributed a 2-1 stock

Classifying by function-income statement, By classifying by function Unde...

By classifying by function Under this format, the expenses of the company are classified into 5 major categories i.e. Cost of sales [(opening stock + purchases – closing st

Journal entries to record transactions in the general fund, A village orde...

A village ordered supplies for its Fire Department at an estimated cost of $16,700. The supplies were received with an invoice for $16,800. The village accepted the shipment and th

Acquisition Project , Do you have anyone on staff that understands acquisit...

Do you have anyone on staff that understands acquisition accounting procedures?

Liquidity ratio, For each of the ratios listed below, indicate by the appro...

For each of the ratios listed below, indicate by the appropriate code letter, whether itis a liquidity ratio, a profitability ratio, or a solvency ratio. Code: L=Liquidity rati

Tax expense, 1. An organization owes £300,000 tax at 1.7.X4 and £450,000 at...

1. An organization owes £300,000 tax at 1.7.X4 and £450,000 at 30.6.X5. Its income statement for the year to 30.6.X5 includes a tax charge of £400,000. How much tax was actually pa

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd