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ACC701 Financial Accounting T318 - Brief  

Pages : 10 | Type : Essay

Answer: Introduction: When any business organisation is winded up, it could be termed as the process of liquidation. In this process, it is mandatory for the concerned organisation to follow a series of steps for shutting down its business operations permanently. The role of the liquidator is significant in this aspect, as the individual would be accountable to identify liabilities as well as business rights for settling the payment of the le...

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userWritten By : Jacob Smith     postPosted On : Jan 29, 2020     downloadDownload : 0
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ACC701-Role Of Accountant In Changing Depreciation Methods  

Pages : 9 | Type : Essay

Answer: Introduction: Any changes in the method of accounting needs to be disclosed in the books of accounts of the company and if company violates the disclosure requirements the company will be penalised for violating the rule and by laws of the company (Bragg 2010). Accounting policy changes disclosure is a crucial thing for the investors and stakeholders’ of the company as this helps them to check the stability and financial positio...

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userWritten By : Mark     postPosted On : Jun 06, 2020     downloadDownload : 0

More Courses from King's Own Institute

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ACC701-Analyzing And Evaluating The Issues In Sunshine Ltd  

Pages : 10 | Type : Essay

Answer: Introduction In the business organizations, Accounting is considered as an important aspect. Accounting refers to the processes to measure, process and communication of financial information of the companies. In other words, accounting helps the business organizations in correctly keeping all of their financial accounts (Johnson and Noguera, 2012). In the process of accounting, certain factors are required to be taken into considerati...

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userWritten By : Mark     postPosted On : Jun 08, 2020     downloadDownload : 0
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ACC701 Accounting Financial  

Pages : 9 | Type : Essay

Answer      1.Events leading to Liquidation of One Tel Company  OneTel company came into existence only in 1995 but by the year 2001 the company was the 4th biggest in Australia telecom sector with an estimated 2,000,000 customers. The company was listed in ASX to years later in 1997 and was immediately valued at $200 million with an initial capital investment of $5 million in 1995. The company built the 3GSM network in 19...

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userWritten By : Mark     postPosted On : Aug 07, 2021     downloadDownload : 0
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ACC701 Financial Accounting  

Pages : 10 | Type : Essay

Answer Introduction Accounting data is the set of valuable information that reflects an image of the company. In order to understand the nature of the company, one has to refer the accounting information. Accounting data is required by both the external and internal sources of the company so as to analyze the performance as well as financial position of it. Therefore, it is important to represent such data in the best possible way so as to be a...

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userWritten By : Mark     postPosted On : Sep 15, 2021     downloadDownload : 0
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ACC701 Accounting Financial  

Pages : 9 | Type : Essay

Answer Reasons for Liquidation of Abc Learning, HIH Insurance and One Tel Phone Company ABC Learning Centre Introduction ABC Learning Centre was a child care company formed in the year 1988 with its headquarters in Brisbane, Australia. It was recognized as one of the leading child Care Company across the world. The company expanded its business drastically which is clear from the fact that there were around 18 centres in the year1997 which ro...

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userWritten By : Mark     postPosted On : Sep 28, 2021     downloadDownload : 0
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ACC701 Financial Accounting  

Referencing Styles : Harvard | Page : 1 | Type : Essay

Task Details: Internally generated intangible assetsIn their article entitled ‘U.S. firms challenged to get “intangibles” on the books’, Byrnes and Aubin (2011) noted that in the United States some companies were accounting for intangibles such as brands, patents and information technology differently when they were developed internally rather than being acquired. This could mean major differences in accounting numbers whe...

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userWritten By : Tyler Moore     postPosted On : Dec 29, 2019     downloadDownload : 0

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