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Question:
Describe about the Financial Ratios for A Practical Guide?
Answer:
Introduction
Tesco and Sainsbury are one of the well known retail organizations in UK. Both the companies are listed in the London stock exchange (Tesco.com, 2015). Both the supermarkets focus on the grocery segments. A brief comparison of the financial performance of both the companies has been done in terms of profitability and return to...
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United Kingdom Croydon Management Science Dairy Science and Technology University of London
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10
Questions:
1.Write a report analysing the Financial Performance and Financial Position of two similar Companies in the same Industry.
2.Discuss various valuation techniques according to the IASB Conceptual Framework for Financial Reporting and specific International reporting standards including fair value valuation technique.
Answers:
Financial Analysis and Performance
Company overview:
The current report is based...
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Cyprus Nicosia Management Dairy Science and Technology University of Nicosia
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8
Question:
Discuss about the Analysis Of The Annual Report – Asx Listed Company.
Answer:
Fairfax Media Limited is the company listed in the Australian Stock Exchange. It is operating number of businesses around the assets of entertainment and the information. It has its operations in the Australia as well as New Zealand. For the purpose of this Essay the annual report for the year ending 25th of June 2017 have been analyse...
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Australia Melbourne Management Dairy Science and Technology University of Melbourne
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3
Question:
Discuss About The Applicability Malaysian Financial Reporting.
Answer:
Introduction
On 15 March 2018, the Malaysian Accounting Standard Board (MASB) has issued Plan Amendment, Curtailment or Settlement under MFRS 119. It needs to be mentioned that International Accounting Standard Board (IASB) is responsible for this issue of MFRS 119 Employee Benefits plan. According to this amendment, a business entity is required to...
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Australia Melbourne Management Dairy Science and Technology University of Melbourne
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3
Question:
Prepare a 2 page Newsletter that Identifies and Summarises changes / developments and news in the Financial Reporting Environment for the Period from 1 May 2017 to 4 August 2017.
Answer:
Alterations which signify the accounting standad through AASB from 1st April 2017 to 31st july 2017
Australian
Superannuation Entities AASB Framework (16-05-17)
This standard applies to all the superannuation entities. Specifica...
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Australia Melbourne Management Dairy Science and Technology University of New South Wales
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13
Answer:
Introduction:
The current report is based on the study of Kerry Group which is the public listed company reporting under the International Financial Reporting Standard. The report will evidently provide the description of the business that is carried on by the company along with the areas of its operations. Additionally the report will provide an analysis of the publications issued by the CEO of the Kerry Group in order to discuss the...
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Ireland Dublin Management Dairy Science and Technology University of Dublin
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7
Question:
You have been randomly assigned an Australian publicly listed company. Using the financial reports for your company, you are required to prepare an essay that addresses several requirements, such as discussing the recognition, classification and presentation requirements applicable to items in the company's financial reports.
Answer:
Gazal Corporation Limited has its operations in Europe and Australia. The company i...
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Australia Bateau Bay Management Dairy Science and Technology University of New South Wales Humanities
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16
Answer:
Part A
Rio Tinto is a British multinational company and a leading metal and mining corporation in United Kingdom. It deals with the production of copper, diamond, coal, aluminium, iron ore and uranium. For the purpose of increasingwer: its operating efficiency, the company is reorganizing its business. The trial balance for Rio Tinto at 31 March 2017 was as follows:
Rio Tinto (metals)
Unadjusted Trial Balance at 31 Mar...
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Australia Wuhan Management Dairy Science and Technology University of New South Wales
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6
Answer:
Part 1
The current assignment relates to a company Woolworths group which is currently working out its business operation in the geographical region of Australia and New Zealand. The company was founded way back on 22nd September 1924. The current headquarter location of the company is situated in the Bella Vista, New South Wales, Australia. The Woolworths group is currently trading out in the market of retail industry, along wit...
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Australia Strathfield Management Dairy Science and Technology University of New South Wales
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Answers:
The asset does not qualify for the recognition criteria the photographs and building at historical value are not considered for generation of economic benefits. The future economic benefits include the potentiality of contribution to the cash flow, indirectly or directly.
The definition of liability met all the below mentioned 3 characteristics:
Past event – the act for being sued for negligence
Present obligation &ndas...
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Australia Thornbury Management Dairy Science and Technology University of New South Wales
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5
Answer:
Requirement 1
The issue that has been presented in the question is that the term fair value is used in different ways, which makes it difficult for the users of the financial statements to understand. The different ways in which this particular term can be utilized has been listed down as follows:
The term ‘fair value’ is utilized for the purpose of accounting
The fair market value as commonly used in the ATO’s def...
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Australia Hawthorn Management Dairy Science and Technology University of New South Wales
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Answer:
1. Fair value can be used in three different contexts they are:
Fair value to be used for the purpose of accounting standards
Fair market value as commonly used in the ATO’s definition of market value and
Fair market value as used by courts.
Fair market value is defined under AASB 13 as the predictable price at which an arranged transaction to transfer the asset or to sell the asset takes place amongst the market participan...
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Australia Glenroy Accounting Dairy Science and Technology University of New South Wales
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6
Answers:
Question 1 – recognition of criteria for assets liabilities, incomes and expenses:
Part 1: Photographs owned by the company:
An asset is something that has an economic value and is also expected to yield some of the benefits in the future. Since the photographs owned by the company are not expected to yield any future benefits to the company, they would not be termed as an asset. Hence, the same would form the part of the fina...
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Australia South Bank Management Dairy Science and Technology University of New South Wales
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9
Answer:
Question 1
Part 1
In accordance with the definition of asset as given in Section 14 of accounting standards number 4 of “Definition and Recognition of Elements of the Financial Statements”, the photographs of the persons who have founded the company and the photographs of the original buildings and sculptures thereof are not liable to be recorded in the accounting books of the company as they are not in any sense represen...
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Australia Mckinnon Management Dairy Science and Technology University of New South Wales
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4
Question:
How habitat destruction (Great Barrier Reef) occur due to climate change?
Answer:
The grate barrier reef is located along the coast of Queensland in northeast of Australia. When water temperatures rises due to climate change corals experience stress because of its sensitivity to small changes in temperature. In an event that this rise in water temperature persists for a number of weeks the zooxanthellae that the coral...
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Australia Parramatta Science Melbourne Institute of Business and Technology Science and Technology
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