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Accounting
4/5
Question: Company Accounting and Memorandum to the Board of Directors Q: Write a Memorandum to the board of directors,your summary to the board of directors Wesfarmers have selected,You will select a set of Financial Report of an ASX Listed Company and obtain approval from your lecturer for the consolidated company you have selected.Please note that no two individuals may work on the same consolidated company, so if another individual has alrea...
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Questions Part A (Mandatory, please answer this question) [60 marks] Question 1 [60 marks] Accounting is the collection, summarization and communication of a firm’s financial information for the management, stakeholders, individuals and others to help them make sound financial decisions. However, following a series of recent financial scandals, the true and fair view of financial information disclosed to the public has been questioned....
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Task A review of the business operations shows that building was bought 4 years ago and is reported at carrying amount of $600,000, the current market value of the building is $900,000. Inspection of inventory reveals that 12% of the inventory is obsolete, for which there is limited demand. Further 15% of the accounts receivable is overdue by more than 120 days. The accounts receivable and inventory are carried at their gross amount and cost val...
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Question: Financial Statements and Logical Assumptions Part I Metro Inc.’s 2019 financial statements showed the following: Sales…………………………………………………………….. $1,008,000 Gain from sale of equipment…………&hellip...
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4/5
Questions: Purpose of the assessmentStudents are required to develop their understanding of the purpose and use of management accounting systems (MAS) and its usefulness in aiding managers make informed decisions. You are to critically evaluate the literature (using journal articles) to analyse the practical use of MAS by contemporary companies, in terms of their relevance to the real-life companies’ decision-making by managers and achie...
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4/5
Question: Combination of Immediate and Deferred Cash Payments Part 1 Expander plc wishes to acquire a 70% stake in Target plc by purchasing 280 million of Target’s 400 million £1 ordinary shares. Target currently has retained earnings of £1,360 million and is not expecting to issue any shares or pay any dividends in the immediate future. The purchase of Target will be paid for through a combination of immediate and deferred...
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4/5
Task JB Hi-Fi has been accused of union busting by allegedly threatening staff with disciplinary action for wearing union-branded face masks and other clothing at work. The Retail and Fast Food Workers Union has launched legal action against the retailer to defend workers’ rights to wear the merchandise, claiming JB Hi-Fi’s actions are in retaliation for the union’s gender discrimination and sexual harassment campaign. Accor...
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4/5
Task: Question “To build trust in the information age, accountants will need to shift their roles from that of mitigating and avoiding risk to being more strategic in creating new models that assess value in a fair, comprehensive and accurate way. In creating the conditions that make for a successful society, the profession will be able to retain what sets it apart – ethical standards and its status as stewards of the public...
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4/5
Question: Question 1 30 marks Retention of workers has been the main topic of interest in the media during 2020. Some organisations have come under scrutiny for inappropriate practices in terms of how staff were managed and protected during the COVID-19 event. In the past year there have been many reports in respected media outlets such as The Australian, Financial Review, The Guardian, Sydney Morning Herald, Courier Mail and other media outl...
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4/5
Questions: SECTION A (25 marks) Snap Ltd is a seafood business with headquarters inApollo Bay. Snap Ltd products include many varieties of seafood but one item lacking in its product range is Tasmanian Atlantic Salmon. The board of Snap Ltd decided to investigate a takeover of a Tasmanian company, SouthernPty Ltd, whose major product is the packaging of Tasmanian Atlantic Salmon. Strategically, Southern Pty Ltd would be a good fit withSnap Ltd ...
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