Answer: Introduction Chocolates has always been a part of western lifestyle for generations and is been widely used by everyone. The chocolate industry represents multibillion dollar market since the past decades and is expected to grow within the next few years. The UK chocolate market is the largest within the European Union covering 30% of the total market. Cadbury is the leading player in the chocolate market and the other major players a...Read More
Answer: Choice of Accounting Methods: JB Hi-Fi Limited and Harvey Norman Holdings Limited JB HI-FI Limited JB Hi-Fi Limited (JB Hi-Fi) is one of the leading as well as fastest growing retailer of home entertainment products in Australia. The main business philosophy of the company is to provide its customers with a specialist range of Hi Fi and recorded music at the lowest price. The main products of the company is leading brands of co...Read More
Answer: To : The Chief Operating Officer, Walmart Inc. From : [Enter Your Name] Date : 16th October 2019 Re : Recent Changes in Walmart Inc. Walmart Inc. is planning to refrain from selling some types of ammunition after the recent shootings that led to the death of 22 people at one of its big stores. The company’s Executive Committee has acknowledged that Walmart would consider discontinuing the sale of some types of bullets wh...Read More
Answer: Introduction The primary focus of the assessment is to formulate a detailed study regarding concepts of measurement and the relevance of the same in the process of accounting. The accountants consider measurement of financial information to be an integral part of the accounting system. The assessment would be looking into the IASB framework for the purpose of reporting and measuring financial aspects of the business (Reports. 202...Read More
Answer: Introduction: The report is prepared to address different requirements by referring to the financial report of selected company listed on ASX. A detailed analysis of the financial statements for two consecutive financial periods have been presented. Amor limited has been chosen to critically evaluate the different aspects of the financial statements. Report demonstrate the understanding of the capital structure and different sources o...Read More
Answer: Introduction The role of the adviser has been to provide the client with the financial advice and planning in order to gain their financial goals and objectives and enhance their wealth for the customers by exploiting their strategies that would be out of the scope of the client. The financial plan would be including your details and facts which would be helping me to formulate appropriate advises for the products which is to be sugge...Read More
Answer: Introduction: The objective of preparing the paper is to critically evaluate the relevance and the challenges of the budgeting systems adopted in the organization by conducting a review of the literature. For this purpose, a peer reviewed journal article is required to be selected on “Use of Budgeting as a management technique for managing resources”. The chosen article for evaluating the system of budgeting adopted in any...Read More
Answer: Introduction Just like a doctor, the accounting profession is an area that has different specialties’, such as tax consultants, auditing, and bookkeeping, among others. In this profession, one can either opt to be employed or engage in private practicing. This paper will discuss two accountant professional identified from LinkedIn, my brand and a critique of it. Profiles I identified Vijay Mistri, who is CEO at Rentadirector L...Read More
Anwers: Week 1. The phrase “accounting is all about numbers” is a common perception yet it as a broader meaning. Accounting is a process of communicating financial information to one department to the top management of the business organization. It cannot be said that accounting is all about numbers because it helps in identifying, measuring, recording, and communicating all the financial transactions of the business and helps in ...Read More
Answer: Case study 1 Background of the company AGL energy is an Australian company which is listed in ASX stock exchange. It is a public sector company which is involved in retailing of electricity and energy generation for the household and commercial use. Currently the company has market capitalisation of 10.589B in AUD. Accounting policies of AGL energy limited AGL limited has adopted Australian accounting standards and Corporations act...Read More
Answers: Answer 1: Part (i): Debentures 10000000 Coupon rate 5% Market rate of return 8% Equivalent rate of interest on debentures (%) 5.0625 2.5 2.5625 Thus debenture with face value of $100 issued at 63.28 Hence, debentures issued at discount as the iss...Read More
Answer: Work progress report Progress based on time spent on each chapter In the first chapter the company formation field appears where all the details regarding the company information, like the name of the company, the ABN number the address and contact number of the company is recorded. In the next step the accounting year and the conversion month is to be selected within which all the transactions are to be recorded. In this the t...Read More
Answers: 1: Part a: Accounting information is prepared for the users in helping them in various decisions making. Therefore, such information must be relevant for the decision making to the users and it must be correct and presented faithfully by the organisation. As per the conceptual framework, these two are the fundamental characteristics of the accounting information. An example of information which is relevant but not faithfully represe...Read More
Answer: Introduction Conceptual framework in truest sense represents a well-designed system of objectives and ideas which result in the formation of a reliable set of standards (Barker et. al. 2017). This framework is developed as per the “normative theory” of accounting. There are two basic theories in accounting- The Normative and the Positive theories. Accounting theories in truest sense depicts the usage of correct methods whi...Read More
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