Accounting

The statement is false. This is because the CAPM model helps identify the risk and the corresponding return from the asset investment. Moreover, it assesses assets as well as their security and risk conditions having a return on the investment and enables an individual invest. The provided statement gives false evidence as there is a required risk premium on the security or the investment which bears the systematic risk. Volatile securities do...

Residency status and taxation in AustraliaIssue Amount Ellie should include in her assessable income in Australia during the year ended 30 June 2021 Whether the amounts are (i) ordinary income, (ii) discuss the source of income and (iii) discuss derivation. Law and Application Residents are taxed on worldwide income whereas non-residents and temporary residents are generally taxed on Australian-sourced income only. A person’s liabil...

Different industries based on their expenses and assetsThe behaviour of companies vary depending on the industry. A manufacturer or a producer of a product differ with the distributor of the same product. The assets (plant and machinery) required to manufacture a commodity are more compared to the assets used in distributing the same commodity. Therefore the manufacturing industry is expected to have more fixed assets in its balance sheet. In ...

Objectivity is having an uncompromised mental attitude by an auditor when carrying out an audit assignment. Since an auditor is a professional, they are expected to comply with Ethical Standards for Auditors as stipulated in IAASA (Irish Auditing & Accounting Supervisory Authority) (2017). Independence is the auditor's capacity to execute an audit assignment without coercion by persons with a financial interest in auditing the company (IAA...

Causes of Climate ChangeClimate change refers to long-term changes in temperature and weather patterns. It is indeed possible that the solar cycle is to blame for these alterations if they are natural. Human activity has always been the major cause of climate change because of the reliance on fossil fuels such as coal, oil, and gas for energy. When fossil fuels are burnt, a layer of greenhouse gases forms, trapping solar heat and raising ...

1.Journal Entries Date Particulars Debit £ Credit £ Sep. 1 Allowance for bad debts 105   Account receivable 105 Receivable from P. Mullen recorded as write off Sep. 5 Account Payable 150   office Fixture 150 office fixture returns Sep-1...

Overview of Option Pricing ModelsInvestors should have a comprehensive knowledge about various variables which are essential for determining the price of an option. There are several methods of option pricing which use parameters like volatility, price of the underlying, risk free rate and time to expiration to arrive at a theoretical fair value of options. The most commonly used option pricing model is the Black-Scholes option pricing model w...

Financial Audit: Objectives and Primary AimFinancial audit can be best illustrated as an objective and independent assessment of the financial records prepared by the management of any business along with an impartial evaluation of the process of financial reporting. The primary aim of financial audit is to form an opinion about the prepared financial statements and on the process used to develop the financial statements that is forming an imp...

Company OverviewAusNet Service is a public limited company which is primarily listed on the Australian Stock Exchange and has a secondary listing on the Singapore Exchange. The company is owned by Singapore Power (32.3% ownership), State Grid of China (19.9% ownership) and publicly owned (48% ownership). The company is geographically headquartered in Melbourne but mostly serves Victoria and its main scope of operations concerns the business of...

Background of ITM Power plcThis report aims at analysing the financial situation of the chosen company that is ITM Power plc. This report will analyse different financial statements like cash flow and balance sheet and conduct ratio analyse to understand the current financial of the company. ITM Power plc. is the clean fuel and energy storage corporation of the United Kingdom which was incorporated in the year 2001 (Hyde, Ellis and Power 2019...

Background LESS: Share capital $222,000 Asset revaluation reserve $166,500 Retained earnings $83,250 Inventories - Fair Value $18,400 Less: Inventories - Carrying amount $16,700 $1,700 Less: Tax Adjus...

AASB 138 defines the value of intangible assets. AASB 138 incorporates AASB 138 (Intangible Assets) provided by the International Accounting Standards Board (IASB). AASB 138 defines how assets are to be identified, assets to be valued and asset disclosure policies to be established. (Steenkamp and Steenkamp, 2016) Identifiability In order for property to be identified, the property must be isolated from the business or it may a...

Kathmandu Holdings StrategyIn this report, there is a discussion about the business and competitive strategy of Kathmandu Holdings and how its business performance is evaluated in the context of the strategies embraced by the company. Meanwhile, the is balanced scorecard also added with outlining the four important perspectives named as internal, financial, customer, learning and growth perspectives. In last, various recommendations also have ...

Current and Non-Current Assets Complex Stuff Ltd. Balance Sheet as on 31 January 2021 Amount Amount Current assets: Cash £41,000 Receivables £18,000 Inventories £41,500 Total Current Assets £100,500 Non-Current Assets: Property, plant and equipment £88,100 Tota...

Protecting Sensitive Information in Today's Digital WorldThe information asset is valuable information that could be of several different forms, such as a digital document, a paper document, encryption or password, a database or other types of digital files. All assets are stored within some carrier, such as a laptop, cloud, server, hard drive, backup tape or USB stick. For discovering every information asset, this is useful in using categorie...

Overview of ABC analysis of usage value in Waterside Medical (WM)1. Prepare a Spreadsheet-Based ABC Analysis of usage Value The table below shows the ABC analysis of usage value in Waterside Medical (WM). A represent items which accounts for 20% of the items that make up the usage value, B-represent items, which account for 30% of the usage value, and C represents items which account for 50% of the usage value, along with their respective per...

Current Investment Portfolio EvaluationThe purpose of the report is to advice Mr. Sharp, a client for the firm regarding the current investment portfolio and the proposed changes to the current asset allocation of the client based in the financial and economic scenarios. The report commences with the evaluation and analysis of the current constituent securities of the client’s portfolio representing the 3-year and 1-year returns earned b...

Potential audit risks identified during planning stageJudging by the discussions presented in the case study of CariBev Co, the audit risks that have been identified during the planning stage of conducting an audit has been illustrated in a tabular format as follows: 1 CariBev is involved in supplying 60% of its goods to FoodForAll at significantly reduced selling price per unit of good. This can result in t...

About Autoliv Company and Their Business ActivitiesThe paper aims to understand the positionality of the Autoliv Company in implementing a new shared, centralized corporate ERP system to find out the benefits of the system in new product design development and the challenge of implementing the ERP in the system. Background of the case:  Autoliv is a leading developer of automotive safety technology situated in Delaware, U.S. and headq...

General Concepts regarding Project Portfolio Management (PPM)The term project management refers to a technique undertaken by managers of the project firm to guide a better course of working while engaging in a business environment. The stated technique helps managers of the firm to undergo several operational tasks keeping in mind market uncertainties and complex environment due to existence of internal and external forces affecting operations...

About Golden CasketGolden Casket is one of the Nation's biggest and perhaps most innovative confectionery organizations in the United Kingdom. Douglas Rae purchased the organization to guarantee the firm’s long-term future which came into existence in 2016, where all manufacturing, storage of goods, and offices have been located. Golden Casket always strives to nurture its business and aims to provide continuous satis...

Classification of Assessable IncomeIssue:  The main issue is determining what amounts will be included in her assessable income and amounts that will be permitted as an allowable deduction within the “sec 8-1 ITAA 1997”. The issue will also determine the net amount of Nadine tax liability and any tax offsets and levies. Rules:  The below given following procedure have been adopted while computing the taxable income of ...

The Role of Financial Accounting and Management AccountingManagement accounting is the only relevant aspect of accounting skills Managers must have. Other aspects, such as Financial accounting knowledge is important for professional accountants only.”  Do you agree? Discuss. I do not agree with the fact that management accounting is the only relevant aspect of the accounting skills managers needs to have. I feel that a manager must...

Knowledge Flows and National Innovation SystemsNational innovation systems are built on the assumption that understanding the interconnectedness of the actors engaged in innovation is crucial to enhancing technical performance. Innovation and technological advancement are the outcomes of a multifaceted network of connections between actors who produce, transmit, and consume various types of knowledge (Maloney 2017). The manners in which these ...

Discussing the inventory stage of the logistics process.The concept of international business consists of all the commercial activities that help in the promotion of transferring of goods, services along with resources, people, ideas and technology across national boundaries. It helps a business to enhance its growth and expand its business operations in an optimal manner. The following report is based on the organization of CERAMICOSA which...