Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
loader

Phone no. Missing!

Please enter phone for your order updates and other important order related communication.

Add File

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Guaranteed Higher Grade!

ACC102 Principles Of Managerial Accounting

tag 0 Download 8 Pages / 1,932 Words tag 24-09-2021

Questions:

Part A

Refer to the consolidated financial statements and notes in the 2013 financial report of JB Hi-Fi Limited on its website,  and answer the following questions:

  1. Have the current liabilities of JB Hi-Fi Limited increased or decreased over the year? By how much? What classes of liabilities are recorded under the classification “Current Liabilities”?
  2. What are the major liabilities of JB Hi-Fi Limited at the end of the financial year?
  3. What items are included under the heading ‘Provisions’ in the ‘Current Liabilities’ section of the statement of financial position (balance sheet)? Explain the nature of these items. Do these satisfy the definition of provisions as contained in IAS37/AASB137? By how much have liabilities for employee benefits increased over the year?
  4. How much cash has been raised by interest-bearing loans in the most recent financial year? How much of such loans has been repaid? How do these amounts compare with the previous year?
  5. Determine whether any of the non-current liabilities are secured.
  6. How much of the non-current borrowings are due to be repaid within 2 years? Between 2 years and 5 years? Beyond 5 years?
  7. Are there any non-current provisions? If so, what, in very general terms, do these represent?

Part B

Refer to the 2013 annual report of Country Road Limited on its website, (or google ‘annual report 2013 country road’), and answer the following questions using the consolidated income statement and balance sheet/ statement of financial position and notes to the consolidated financial statements.

  1. The Country Road Limited income statement shows a deduction (in brackets) for income tax expense. Would this expense item be seen in the income statement of a partnership?
  2. In the statement of changes in equity regarding retained earnings, how is the total profit avail­able appropriated? How does the allocation of the total profit available for appropriation in a partnership differ from that shown for Country Road Limited? Explain the reasons for any differences.
  3. Refer to the balance sheet (statement of financial position) of Country Road Limited and the note titled ‘issued capital’. How do these differ from that of a typical partnership?
  4. Country Road Limited is required to produce a statement of cash flows (cash flow statement) and include this in its annual financial statements. Would the typical partnership be required to prepare such a statement? Why or why not? Would a typical partnership prepare such a state­ment?
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Upload
Unique Document

Document
Under Evaluation

Get Money
into Your Wallet

Total 8 pages

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help (2021) Principles Of Managerial Accounting [Online]. Available from: https://myassignmenthelp.com/free-samples/acc102-principles-of-managerial-accounting/employee-benefits-and-lease-provisions.html
[Accessed 05 December 2022].

My Assignment Help. 'Principles Of Managerial Accounting' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/acc102-principles-of-managerial-accounting/employee-benefits-and-lease-provisions.html> accessed 05 December 2022.

My Assignment Help. Principles Of Managerial Accounting [Internet]. My Assignment Help. 2021 [cited 05 December 2022]. Available from: https://myassignmenthelp.com/free-samples/acc102-principles-of-managerial-accounting/employee-benefits-and-lease-provisions.html.


Stuck on Any Question

Our best expert will help you with the answer of your question with best explanation.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

Phone no. Missing!

Please enter phone for your order updates and other important order related communication.

loader
250 words
Error goes here

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

We Can Help!

Get top notch assistance from our best tutors !
Excel in your academics & career in one easy click!

icon

Other Samples

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the content removal request.

icon

5% Cashback

On APP - grab it while it lasts!

Download app now (or) Scan the QR code

*Offer eligible for first 3 orders ordered through app!

screener
ribbon
callback request mobile
Have any Query?