Part A (30 marks) Task details On 1 August 2014‚ Piper Ltd makes an offer of 1‚000‚000 ordinary shares to the public. The shares are to be issued at $2 per share‚ payable as follows: $0.80 on application (due 31 August) $0.80 on allotment (due 30 September) $0.40 on final call By 31 August 2014‚ applications had been received for 1‚100‚000 ordinary shares. Shares were allotted on 2 September 2014. To deal with the oversubscription‚ Piper Ltd provided a refund to unsuccessful applicants.
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resources in the business are called ___. 7 When someone other than the owner has supplied some of the resources the amount owing for these are . 8 ASSETS = CAPITAL + LIABILITIES This is the Equation. ACCOUNTING ASSETS BOOK-KEEPING CAPITAL CREDIT CREDITOR DEBT DEBTOR LIABILITIES TRANSACTION Exercises 1.1 You are to complete the gaps in the following table: Assets Liabilities Capital £ £ £ (a) 12‚500 1‚800 ? (b) 28‚000 4‚900 ? (c)
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Multiple Choice Question 57 Which of the following is the best definition of an internal user of accounting information? Labor unions who use accounting information to examine the ability of the company to pay increased wages and benefits. Creditors like banks that use accounting information to evaluate the risk of lending money. Managers who use accounting information to plan‚ organize‚ and run a business. Investors who use accounting information to decide whether to buy or sell stock.
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Act 2001‚ the Director’s Declaration. Ms.Wendy Chong (Financial Director) Tickit Associates reported that they had had a number of disputes over accounting practices with Ms.Chong‚ particularly in relation to the requirements under AASB 141 Agriculture and AASB 137 Provisions‚ Contingent Liabilities and Contingent Assets. In addition‚ we found that Ms.Chong had a conflict of interest‚ especially about her salary base and bonus scheme‚ which related to increased company profitability. These arrangements
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Corporations Act 2001. The objective of AASB117 is to prescribe appropriate accounting policies for the lessees and lessors in order to assist entities in classifying leases as operating or finance leases and disclosure to apply in relation to leases. AASB 117 includes economic life‚ fair value‚ finance leases‚ operating leases and also hire purchases contracts which contains a provision giving the firer an option to acquire title to the asset upon the fulfilment of agreed conditions. The substance of
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THE UNIVERSITY OF NEW SOUTH WALES Australian School of Business School of Accounting ACCT 1501: Accounting and Financial Management 1A Week 1 ADJUSTMENT TO ACCOUNTING ENTRIES Student Handout Contents: 1. Introduction 2. Tutorial questions – Week 1 3. SAC2 Extract 4. Woolworths Annual Report 2007 Extract 5. Lecture slides Lecturer: Trish Strong School of Accounting UNSW QUAD 3067 Ph:9385 6657 t.strong@unsw.edu.au Session 1‚ 2011 Course website: http://telt.unsw.edu.au/ 1. Introduction Welcome
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“The theories we use to help us understand standard-setting in national arenas (such as Australia) don’t work so well at the international level where the . . . International Accounting Standard Board (IASB) is taking a leading role. We will have to modify them or expand our theoretical repertoire” Discuss the above statement‚ clearly indicating your agreement or otherwise about the basis for your views. Abstract: The theories that are presented in this paper all assume the importance of a
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ACCT 2542 CORPORATE FINANCIAL REPORTING AND ANALYSIS Course Outline Semester 2‚ 2012 Part A: Course-Specific Information Australian School of Business School of Accounting i ACCT 2542 Corporate Financial Reporting & Analysis TABLE OF CONTENTS PART A. COURSE SPECIFIC INFORMATION 1 1. STAFF CONTACT DETAILS 1 2. COURSE DETAILS 1 2.1. Teaching Times and Locations 1 2.2. Units of Credit 2 2.3. Summary of Course 2 2.4. Course Aims and Relationship to Other Courses 2 2.5. Student Learning
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[Type the document title] | Iuji9 Iuji9 | [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] | [Type the document subtitle] | THE CATHOLIC UNIVERSITY OF EASTERN AFRICA FACULTY OF LAW UNIT CODE CLS 210 UNITE TITLE BANKRUPTCY AND COMMERCIAL SECURITIES LECTURER ANTHONY .W. MUNENE REG .NO.
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government through the concession deed. This is an agreement which concedes the use of the road to the project company for a specified period‚ signed by the entity established by the State in relation to the design and construction. 2) According to AASB Framework paragraph 49‚ “an asset is a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity”. Obviously‚ future tolling rights asset satisfies all the definition of
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