fb
$20 Bonus + 25% OFF
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
Add File

Error goes here

ACC204 Corporate Accounting And Reporting

tag 0 Download9 Pages / 2,124 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Standard expected by Burger Queen management can mean that the franchise to a particular location can be taken away from the franchisee. Burger Queen management is responsible for the television advertising across the country as well as the marketing program, including the special deals that may be available at any particular time.Each restaurant is responsible for its own sales, cooking of food, training of staff, and general matters such as cleanliness of the store. However, all material used in the making of the burgers and other items sold are provided at a given cost from the central management, which can thereby control the quality and the price.

Required
Identify the CGU(s) in this scenario. Give reasons for your conclusions.

Rose Tyler is in the business of making rubber tubing that comes in all sorts of sizes and shapes. Rose has established three factories in the north, south and east parts of the city. Each factory has a large machine that can be adjusted to produce all the varieties of tubing that Rose sells. Each machine is capable of producing around 100 000 metres of tubing a week, depending on diameter and shape. Rose’s current sales amount to about 250 000 metres a week. Each factory is never worked to full capacity. However, sales are sufficiently high that Rose cannot afford to shut one of the factories.

In order to satisfy customer demand as quickly as possible, all orders are directed to Rose, who allocates the jobs to the various factories depending on the current workload of each factory. This also ensures that efficient runs of particular types of tubing can be done at the same time. Each factory is managed individually in terms of maintenance of the machines, the hiring of labour and the packaging and delivery of the finished product.

Required
Identify the CGU(s) in this scenario. Give reasons for your conclusions.

Earth Enterprises Ltd acquired a building in which to conduct its operations at a cost of $10 million.The building generates no cash flows on its own and is considered a part of the CGU, which is the firm as a whole. Since the building was acquired, the value of inner­city properties has declined owing to an overabundance of office space and the downturn in the economy. The company would receive only $8 million dollars if it decided to sell the building now. However, the company believes the building is serving its purpose and the profits are high, so there is no current intention of selling the building.

Required
Discuss whether the building should be written down to $8 million. Provide any journal entries necessary.
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 9 pages, 1 USD Per Page

Cite This Work

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

My Assignment Help. (2021). Corporate Accounting And Reporting. Retrieved from https://myassignmenthelp.com/free-samples/acc204-corporate-accounting-and-reporting/financial-statement.html.

My Assignment Help (2021) Corporate Accounting And Reporting [Online]. Available from: https://myassignmenthelp.com/free-samples/acc204-corporate-accounting-and-reporting/financial-statement.html
[Accessed 17 October 2021].

My Assignment Help. 'Corporate Accounting And Reporting' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/acc204-corporate-accounting-and-reporting/financial-statement.html> accessed 17 October 2021.

My Assignment Help. Corporate Accounting And Reporting [Internet]. My Assignment Help. 2021 [cited 17 October 2021]. Available from: https://myassignmenthelp.com/free-samples/acc204-corporate-accounting-and-reporting/financial-statement.html.


MyAssignmenthelp.com renders cheap dissertation help in Canada . We are a leading dissertation service provider that renders quality assignment. Students can buy dissertation online from us and score high as we provide customised dissertation help in Canada. The dissertation editor and writers associated with us ensure high quality write-ups for students.

Latest Accounting Samples

ACG 4381 Accounting Controllership

Download : 0 | Pages : 3

Answer: Importance of Proper cash management The importance of having sufficient cash to cover the short-term operations, purchasing of assets and repayment of liability is appropriately reflected by the term Cash is King. The cash is the liquid asset of the company and it can be converted into anything in the short period. The proper management of cash helps the business to achieve the objective of maximizing profit with minimum liquidi...

Read More arrow

ACC2CRE Corporate Reporting

Download : 0 | Pages : 10

Answers: Question 1. Introduction Harmonisation defined as constant process of making compatibility in accounting practises which are reported differently in different countries. Thus, its aim to formulate, update and align domestic accounting practises with international accounting practises issued by IASB (Wong, 2004). Reasons For Harmonisation The biggest reason for harmonisation is bringing globalisation in capital marketsin different ...

Read More arrow

BFA201 Financial Accounting

Download : 0 | Pages : 9

Answers: 1.Computation of the cost of production for completed goods and ending WIP Physical flow of units Physical Flow Of Units:            Statement showing Physical Flow of Units            Input    Units  Output    Units  Opening Work in ...

Read More arrow Tags: Australia Birchgrove Accounting Corporate Financial Management  University of New South Wales 

ACCT6007 Financial Accounting Theory And Practice

Download : 0 | Pages : 7

Answers: Introduction: New Accounting Standards have been developed and issued by Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB). Before issuance of these new standards AASB 16, there were different views on understanding its treatment to the users of financial statements. Spencer and Webb (2015) had reviewed this standard and stated about the impact of this new standard on treatment of leases ...

Read More arrow Tags: Australia Athelstone Management University of New South Wales Masters in Business Administration 

BUS286 Corporate Finance

Download : 0 | Pages : 3

Answers: 1. Risk Calculation using Standard Deviation   Example: Values:  4, 6, 8, 12, 20, 30, 24, 28, 40, 48 Mean = Sum of Values/Total No. of Values = (4+6+8+12+20+30+24+28+40+44) / 10 = 22 (Value-Mean)2 = [(4-22)2=324, (6-22)2=256, (8-22)2=196, (12-22)2=100, (20-22)2=4, (30-22)2=64, (24-22)2=4, (28-22)2=36, (40-22)2=324, (48-22)2=676] Mean of Squared Values = (324+256+196+100+4+64+4+36+324+676) / 10 = 198.4 Standard d...

Read More arrow
Next

5% Cashback

On APP - grab it while it lasts!

Download app now

*Offer eligible for first 3 orders ordered through app!

ribbon
callback request mobile
Have any Query?