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2103AFE Company Accounting

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Answers: Q 1. a). The Australian Accounting Standard Board (AASB) has prescribed several implementations for the consolidated financial statement at the time of applying to the consolidation process. The main objectives of the changes are to align with the IFRS standard. For this particular purpose, Australian Accounting Standard Board (AASB) formed Accounting Standard AASB 10 Consolidated Financial Statements and the AASB 10 standard has be...

Read More arrow Tags: Australia Fairfield Accounting MATHEMATICS  University of New South Wales 

BX3011 Company Accounting

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Answer: Introduction The report aims to assess the QBE insurance’s financial statement. Some of the main discourse of the study will comprise of the discussion on the activities performed by the company. The various sections of the discussions will further evaluate the composition of equity for QBE insurance. The third section of the study has been discussed with the various types of the factors which are associated to the share price f...

Read More arrow Tags: Australia durack Management MATHEMATICS  University of New South Wales 

Inappropriate Accounting Standards At FujiFilm

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Answer:   Inappropriate Accounting standards at FujiFilm:  The company violated the “AASB 15 revenue from contracts with the customers” as Fuji Film Xerox constantly overstated the receipts from the customers. Fuji Film Xerox did not measure the revenue from the contracts with its customers based on the amounts of the considerations to which Fuji Film Xerox was entitled to receive.  This led the company to regularl...

Read More arrow Tags: Australia Melbourne Management MATHEMATICS  University of Melbourne 

Financial Reporting And Transparency In Corporate

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Question: Discuss about the Financial Reporting and Transparency in Corporate.     Answer: Introduction Corporate governance and transparency are the major issues in the present market. Several incidences such as the collapse of Dick Smith have made the investors wary of the public offering and investment in public entities. Dick Smith Holdings Limited was a publically listed organization; therefore, it should have been more sec...

Read More arrow Tags: Singapore Management MATHEMATICS  University of Singapore 

Company Accounting: ASX Corporate Governance Principles

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Question: Discuss about the Company Accounting for ASX Corporate Governance Principles.   Answer: Australia’s corporate governance and continuous disclosure framework is regarded the best in the world. This is the reason why it has also been adopted by various other jurisdictions. Moreover, the Corporations Law in Australia require organizations to keep the market informed of significant developments and there are negative co...

Read More arrow Tags: Australia Melbourne Management MATHEMATICS  University of New South Wales Humanities 

Deferred Tax Assets And Liabilities

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Qustion: Discuss about the Deferred Tax Assets and Liabilities.     Answer: Introduction: The title of the report is AASB 112 and analysis of financial statements. As the title suggests the main aim of the report is to understand the concept of the deferred tax assets and deferred tax liabilities. The purpose is to analyze the extent to which the disclosure relating to the Australian accounting standard has prescribed and second...

Read More arrow Tags: Australia New South Wales Management MATHEMATICS  University of New South Wales 

Financial Position And Operations System

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Question: Discuss about the Financial Position and Operations System.     Answer: Introduction: The memo aims to discuss some of the important aspects from the financial statements of Capilano and addressing of the same to the board of directors clearly stating about some of the technical issues in the consolidation process. The memorandum to the board of directors has included the specific intricacies of the consolidation to th...

Read More arrow Tags: Australia Robertson Management MATHEMATICS  University of New South Wales 

Corporate Accounting And Financial Development

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Questions: 1. Does the group have any foreign currency transactions? Any foreign subsidiary companies How have they been accounted for in the financial statements? 2. Any other relevant matter that you may wish the board of directors to make note of in respect of some transaction or event, balance of account or disclosure that will assist them in understanding the financial statements of the group?     Answers: 1. Foreign curren...

Read More arrow Tags: Australia Melbourne Management MATHEMATICS  University of Melbourne 

Receiving And Referring : Investigation Statutory Reports

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Question: Discuss about the Receiving and Referring for Investigation Statutory Reports.     Answer: Introduction: We would like to represent on you on the company accounting system made on the recommendation and feasibility report. In this report I am discussing about the company sources of findings as well as company’s policy on corporate governance as well as also provide the suggestion.     &nb...

Read More arrow Tags: Australia Hallam Management MATHEMATICS  James Cook University 

Company Accounting: McCarthy’s Cafes Ltd

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Question: Discusss about the Company Accounting for McCarthy’s Cafes Ltd.   Answer: To, Mary McCarthy Managing Director, McCarthy’s Cafes Ltd, Suite 6889, Level 18, Cafe Plaza Building, 685 Charles Street, Adelaide SA 5000 Respected Madam, At first I would like to thank you for asking us to assist you in the process of making decision regarding various relevant sources that would guide the accounting team of th...

Read More arrow Tags: Australia Sydney Management MATHEMATICS  University of Sydney Masters in Business Administration 

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