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ACCT211 Financial Accounting

tag 0 Download 10 Pages / 2,487 Words tag 05-10-2021
  • Course Code: ACCT2111
  • University: University Of Canterbury
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  • Country: New Zealand

Questions:

Write a report to discuss the accounting treatment of the emission allowances and its effect on the financial statements. The appropriate accounting treatment for emission allowances is important for the implementation of ETS and one of the purposes of the assignment is to improve students' research skill.
 
In your report you are required to:

1. Discuss the nature of emission allowances and provide justification.

2. Discuss how emission allowances should be measured initially and Provide journal entries for these transactions.
 
3. Discuss the consequences of emission allowances on the financial statements, including balance sheet, income statement and cash flow statement. 
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