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ACC204 Corporate Accounting And Reporting  

Pages : 5 | Type : Essay

Question: Discuss about the A guide to Directors Duties and Responsibilities.     Answer: Relevant law A company director is the sole/heart of the company who runs and manages the company affairs. Section 9 of the Corporation Act 2001 defines a director as the person who performs the functions of the directors and comprise of shadow, de facto, alternate directors, etc. There are common and statutory duties which every director m...

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userWritten By : Mark     postPosted On : Jun 07, 2018     downloadDownload : 0
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ACC204 Corporate Accounting And Reporting  

Pages : 7 | Type : Essay

Question: Discuss About The Corporate Accounting And Reporting?   Answer: Introducation Impairment of assets as per Australian accounting principles is governed by the provision of AASB 136 and IAS36. This standard aims to describe the provision to be applied by corporate entities to ensure that assets are carried at fair value which is not higher in comparison to recoverable amount. An asset is considered to be impaired if it i...

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userWritten By : Mark     postPosted On : Sep 18, 2018     downloadDownload : 0

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ACC204 Corporate Accounting And Reporting  

Pages : 4 | Type : Essay

Question: Discuss About The Reversal Of Impairment Individual Asset?   Answer: Introduction Impairment loss refers to the reduction in value of the asset i.e. reduction of present value of amount that can be recovered from the asset from the carrying value of the asset. In Australia, AASB 136 deals with the accounting for the impairment of assets and reversal of such impairment. This essay is written for making an analysis regardi...

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userWritten By : Mark     postPosted On : Nov 12, 2018     downloadDownload : 0
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ACC204 Corporate Accounting And Reporting  

Pages : 8 | Type : Essay

Question: Discuss About The Disclosure Of Good Will Impairment Under?   Answer: Introducation One of the key accounting principles asserts the fact that there is no such requirement of assets, which have excessive valuations in the financial position statement. This in turn needs the requiring of several concepts of values with respect to which the amount, which is carried by the asset, can be contrasted in order to see if there i...

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userWritten By : Mark     postPosted On : Dec 02, 2018     downloadDownload : 0
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ACC204 Corporate Accounting And Reporting  

Pages : 5 | Type : Essay

Question: Discuss about the Disclosure of Impairment Test for Purpose and Objectives.   Answer: Introduction With the increasing ramification of economic changes and complex reporting frameworks, all the listed companies implement impairment test on its assets to identify the true and fair view of their assets. It is evaluated that IAS-136 is the international accounting standard which is followed by organization to implement im...

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userWritten By : Mark     postPosted On : Dec 09, 2018     downloadDownload : 0
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ACC204 Corporate Accounting And Reporting  

Pages : 5 | Type : Essay

Question: Discuss About The Constitutional Corporation Think Governance?   Answer: Introducation The FWPL constitution submit that the dividends can be paid to the A class shareholders. Dividends are paid to shareholders but, the board decided not gives the dividend because A class shareholders are lazy and undeserving and retain the funds for the development of the organic vineyard at Robinvale. It is submitted that the ‘A...

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userWritten By : Mark     postPosted On : Jan 03, 2019     downloadDownload : 0
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ACC204 Corporate Accounting And Reporting  

Pages : 6 | Type : Essay

Answer: Part A Under finance lease risk as well as reward of ownership in a considerable way is being transferred. The lease those are not classified under financial lease are termed as operating lease. The tenure of a lease is the least phase of time for that the lessee has entered into an agreement for leasing the asset in addition to that the agreement the extension of period for lease accordingly by inspecting the lease. The lease payment...

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userWritten By : Mark     postPosted On : Apr 09, 2020     downloadDownload : 0
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ACC204 Corporate Accounting And Reporting Assignment  

Pages : 5 | Type : Essay

Answer: Introduction: The decline in net carrying amount of the asset is above the generation of future unrevealed cash flows. The net carrying value could be obtained by deducting depreciation from the cost of asset acquisition. Impairment occurs when a firm sells or abandons its asset due to fall in its ability to fetch benefits. Thus, it is not needed to realise the impairment loss as loss in the profit and loss account of the firm. For ca...

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userWritten By : Mark     postPosted On : Aug 18, 2020     downloadDownload : 0

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