Accounting Sample : Page - 5

Objectives of AASB 13The Australian Accounting Standard Board (AASB) aims at formulating such Australian Accounting Standards that includes interpretations and are required to be applied by : Organizations required to present and prepare financial reports according to Corporations Act 2001 ; Governments who are required to prepare financial reports for the entire General Government Sector (GGS) ; Reporting entities whether they are profit...

Answer: Assumptions:  In this document the information has been provided to fill Certificate IV for Mortgage Loan. Due to lack of information number of fields have been left vacant. It is important to note that the monthly food and other expenses have been assumed to complete the document (Reed, 2016). In respect of various fees where no particular information has been given it has been assumed no such fees are required to be paid for th...

Project OverviewThis research paper covers the building of a manufacturing facility for developing reinforcing steel for the Queensland construction market. The preliminary designs of both factory and the manufacturing processes for the reinforcing steel bars and the mesh are also covered in this paper. The manufacturing process is the step of transforming the raw materials into the final product and it has a complete chain which is circular. ...

Acquisition analysis Share capital    100,000 Retained earnings    175,000 Plant      21,000 Computer equipment      14,000 Net fair value of identifiable assets and liabilities    310,000 Net fair value of identifiable assets and liabilities  ...

Challenges in the Accounting SectorPerformance of accountants at Caltex can be influenced by many things and concept and theories are some of the many ways. Managerial performance is the measurement of managers productivity in a company, through the evaluation of the quality and quantity of the fulfillment of the goals that were set by the budget, effectiveness of the practices conducted by the accountants, and finally the total number of in...

The ATM Use CasesAn automated teller machine is an electronic telecommunication device which are used by banks or other money-dealing organizations in order to server their clients or customers. A bank ATM (Automated Teller Machine) is one that helps its customers to interact with the bank and fulfill their purposes even without the need to visit the bank premises. In this report, an ATM system will be designed for a retail bank keeping in min...

Requirements for LMM AccountingThe case study considered for this report is a local start-up firm named as LMM Accounting. This is a small local firm that runs small business on a part time basis from home itself. The owner of the company now wants to expand its business to next level by employing employees on full time basis and also wants to run his business from some local business hub. The local business hubs are defined where number of sm...

Background and AbstractA report has been prepared having 2 questions. The 1st question includes the profit and loss account and the balance sheet based on which the profitability and liquidity ratios have been calculated for the 2 companies ABC Ltd and XYZ Ltd and the performance of the companies have been analysed based on the same (Boccia & Leonardi, 2016). Furthermore the inventory turnover ratio as well as inventory turnover ...

Management AccountingIn the given case, the CEO of Pearson company is in need of the management accountant as he has heard that the management accounting system can be very beneficial for the company in terms of providing both the financial as well as non-financial information to the managers as well as the employees (Bromwich & Scapens, 2016) Management accounting is a branch of accounting which provided the analysis of the financ...

Foreign Exchange RiskThe audit of a business is a critical process and the purpose for the same is to identify material misstatements which can affect the quality of financial reporting which is used by every business for the purpose of recording and classifying financial information of a business. In many cases, the audit of a business can also be affected by certain key events or disclosures which are of significant nature. In this case, the a...

Investigation of the Scenario1.1 1. Using the above information and The Customer Charter, investigate this scenario. Make recommendations below to the Customer and Despatch / Supply Manager, on how you would research, clarify and assess customer needs and include in the planning process.     As indicated in the Customer Charter, customer concerns are taken under consideration with empathy and respect. Training of staffs is ess...

Activity-Based Costing MethodIt can be clearly observed in the 21st century that the business environment of change the lord and made it more challenging to conduct of business. The increasing demands of also holds did the banks to provide the customers with the new type of services and products that we can fulfil the market requirements. New techniques are used in order to fetch funds from the public by the banks. Technological measures have ...

Overview of Orora LimitedThis assignment is based on the consideration of the accounting theory concepts and critical analysis on the application of the General purpose financial reporting made by the corporations. This is intended to evaluate the effectiveness of the corporation to meet its obligations of conceptual framework of accounting (Arnott, et al., 2017). In order to serve this purpose one of the ASX Top 100 listed company namin...

Answer: Introduction:  In order to provide in-depth discussion on the subject of bond interest structure, forwards rates and bonds spread it is firstly essential to select two different bond issuers. The document brief has asked to consider two bonds of sovereign nations or use two corporate bonds. However, with the objective of selecting two bonds issuer who shall have both the elements of corporates and two sovereign nations European B...

Accounting-based Bonus Plans and Conservative Accounting Methods1. In case, accounting-based bonus plans are used for rewarding the senior managers within an organisation, they would not prefer conservative accounting methods. The methods need a degree of verification before any legal claim is made for profit. The recognition of expenses or losses would be made at the time they are incurred (Brigham et al., 2016). Hence, it would not be possib...

Yield to Maturity (YTM)1. a) Yield to maturity is the rate that is used to discount the future cash flows associated with the bond. Typically it is the return earned by the bondholder for purchasing and holding the bonds till their maturity. This rate equates the present value of the cash flows related to bond with their current market price. YTM is also referred as internal rate of return or the market interest rate (Stack Exchange, 2018). Par...

Differences between Management Accounting and Financial AccountingIt is quite often being said that the management accounting and financial accounting differs in a number of ways, the former being forward looking and the latter being backward looking having a post facto analysis. Though both of these have the common end objective of better future for the organization, however, management accounting is much broader than the financial accounting...

Task 1Westpac was established in 1817 and there are more than 35,200 employees who are assisting more than 12 Million customers in Australia, New Zealand and also in the Asia Pacific Region (Westpac, 2018). In this report, the discussion will be made on the Westpac Company. Strategies deployed by Westpac Company  It is important to consider effective strategies by the companies as it can help to enhance the growth in the competit...

Part 1: Analysis of GSK Plc profitabilityThe report deals with four parts, which provide understanding about different topics. The first part covers the profitability analysis of GSK Plc for the year 2016-17 by calculating key financial ratios for the company. The outcomes of the ratios are then compared to its competitor AstraZeneca Plc, a company operating in the same industry. The second part provides insights about the concept of Zero-base...

Situational AnalysisThe marketing audit is one of the most success-critical factors for every business. It is significant for companies of every size to think of undertaking a marketing audit with the purpose of recognizing and reviewing the present position of brand marketing related activities and assist in reducing future expenditure. In the opinion of Baker (2014), it can be stated that predominantly for the SMEs (small to medium enterpris...

DiscussionThe assessment aims to evaluate the annual report of Medibank for the year 2018 for the purpose of assessing the conceptual framework which is followed by the business. The assessment also aims to analyze a new article which is related to the company and the article is related to the dissatisfaction of the customers and also loss of market shares from the core products of the business. The article clearly states that the business is we...

Company OverviewAccounting refers to the process that must be followed by the entities to record the business transactions, present them in a fair and transparent manner and thereby enabling the various stakeholders to form informed judgements about the financial and overall performance (Chand, Patel and White, 2015). The regulatory bodies prescribe a framework comprising of the guidelines, policies, and procedures that must be adhered to while ...

Case 1: Short-term and Long-term Debt FinancingCase 1 From: STUDENT NAME, Consultant To: CEO & Audit Committee Date: November 12, 2017 Subject: Critical analysis of short term & long term financing Dear Sir Financing is crucial for the smooth functioning and expansion of any business. With regards to various sources of financing, some provide short term financing such as commercial papers and working capital loans. On the ot...

Advantages and Disadvantages of Fair Value Accounting (FVA)The main purpose of this assessment is to analyze the concept of fair value accounting and how the same has affect the overall accounting process. The concept of fair value has an important significance in accounting and is used for measuring the assets and liabilities of the business. The fair value accounting principle requires businesses to value their assets and liabilities at curren...

External Costs and Inefficient Resource AllocationExternal benefits or external cost either in consumption or in production process interrupts efficient resource allocation. These are benefits or costs that though present in economic transaction but are not accounted by the direct parties involve in the transaction. Such benefits and costs are thus not reflected in the market price. External cost refers to the additional cost present in the pr...