Write a report (maximum 2000 words) to discuss the economic consequences of nonfinancial information reporting. In your report, you are required to: Identify and discuss the nature of nonfinancial information. Identify and discuss of the nature of economic consequences. Integration of the discussion of these two concepts and discussion of economic consequences of the nonfinancial information reporting...

Issue 1: A large number of customers buy our products on a wholesale basis for their sales outlets and have set up credit facilities with us. As a company that prides itself in preserving and pickling fresh produce we like to make sure that our products reach as many people as possible. So, in addition to the retail customers (Customer Type A) and supplying wholesale distributors (Customer Type B), we also entered into agreements with a number of cafes, motels and souvenirs style shops that...

The assignment provides you with the opportunity to develop an in-depth understanding of measurement and recognition issues related to financial accounting. As accountants, we are concerned about providing decision-useful information to the users of financial statements for their decision making. To provide decision-useful information to the users of financial statements, accountants often require applying guidance given in accounting standards by using their judgment. Part I (Approximate word c...

Assignment QuestionTamara is addicted to chocolate. The only retailer that sells her favourite brand of chocolate bar is Aldi Supermarkets. Tamara goes to her local Aldi Supermarket every day to buy her favourite chocolate bar but it is often sold out. She gets very upset when this happens.One wet Saturday morning in January Tamara is walking down the confectionary aisle of her local Aldi Supermarket and she sees at the far end of the aisle there is only one chocolate bar left for sale. She begi...

Question 1 [15 marks]Property, plant and equipmentIBM Ltd acquired an item of equipment on 1 July 2014 at a cost of $800,000. On 30 June2015, IBM’s directors decide to continue using the cost model for equipment. They elect todepreciate the equipment acquired on 1 July 2014 using the straight-line method, over itsuseful life of five years. The estimated residual value is $40,000.The directors then decide to adopt the revaluation model for equipment from 1 July 2015.They determine that the ...

Part 1 Imagine that you are appointed as a new Revenue Manager in a new hotel. - Briefly explain how you would implement a Revenue Management Culture into a new hotel and contrast it with how you would implement the culture into a hotel with an existing cost based culture. - Compare the relative merits of RevPAR, RevPOR, GOPPAR and RevPASH as measures of performance, and explain when you would use each measure and why? - What elements of the hospitality experience are not measured by above merit...