Income statements For the year ended 30 June 2008 : : Consolidated Notes Parent entity 2008 $’000 2007 $’000 2007 $’000 2008 $’000 Revenue from continuing operations 5 1‚354‚419 1‚230‚513 64‚453 208‚833 Cost of goods sold Other income Selling‚ general and administrative expenses Other expenses Finance costs 7 6 7 7 7 (608‚040) --(399‚411) (76‚420) (24‚986) (570‚979) 671 (355‚483) (63‚422) (19‚486) ----(1‚733) (15‚888) (21‚298)
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Group Assignment |1 Financial statement analysis Group Assignment Lecturer: Mr. Phạm Sỹ Long Class: FB0607 Nguyễn Ngọc Huy – FB00358 Phan Thu Hương – FB00095 Trần Hoàng Minh – FB00049 Nguyễn Thành Trung – FB00360 Group Assignment |2 TABLES OF CONTENTS 1. 2. Executive summary .......................................................................................................................3 Introduction ............................................................................
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the government. After the corporate collapse‚ accounting body lost the trust of public. Our work was not transparent and therefore‚ was no longer reliable. Regulator body such as ASIC‚ AASB‚ FRC and ASX are formed after the corporate collapse. ASIC is the corporate ‘watch dog’ who monitors FRC‚ AASB and office of AASB. Why we need regulation? Because it is human nature to find loop-hole to go around the regulation and make extra profit. Tutorial: We have done poster presentation in the class and
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provide quality by constraining their own incentives to reduce (unobserved and noncontractible) quality in favor of profits.” (Chang & Jacobson‚ 2010). The financial information for not-for-profit hospitals is primarily used by the donors‚ members‚ creditors and/or anybody that provides the resources for the hospital. These are considered external users who all have common interests in the organization. These common interests assess the following: “the services an organization provides and its ability
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Chapter 7 - Positive Theory Positive Accounting Theory Philosophy of PAT Million Friedman championed positive theories in economics. He stated that: (part 3 Empirical Research in Accounts of Accounting theory from Jayne Godfrey) The ultimate goal of positive science (i.e. INDUCTIVE) is • The development of a ‘theory ‘ or ‘hypothesis’; • that yields valid and meaningful “Predictions’ • about phenomena not yet “observed”. Consistent with Friedman’s view‚ Watts and Zimmerman
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particular common law is taken away and the courts/judges will follow the act that the statutory law put into place ("Overview of the Australian Legal System”). Australia’s bases there accounting standards from the Australian accounting standards board (AASB) and “have the force of law for Corporations law entitles under a 296 of the Corporations act 2001” ("Australian Accounting
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recording tax payable. Tax payable = Taxable income (1 above) * 30% = tax payable Dr Tax Expense (current) (2) Cr Tax payable (current) (3) This entry correctly records the tax payable (3 – above) due to the tax department based on tax concepts. AASB 112 – requires under tax effect accounting balance sheet approach to calculate tax expense ( 2 – above) on accounting concepts and therefore requires further adjustment STEP 3 Adjustments to tax expense above so it reflects accounting concepts
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Solutions Manual to accompany Auditing: a practical approach by Jane Hamilton CHAPTER 1 Introduction and overview of auditing [pic] John Wiley & Sons Australia‚ Ltd 2010 Chapter 1 – Introduction and overview of auditing 1. What does ‘assurance’ mean in the financial reporting context? Who are the three parties relevant to an assurance engagement? An assurance engagement (or service) is defined as ‘an engagement in which an assurance
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The Students’ Answers in this document are for the questions in the below textbook (which can be borrowed in Beanland Library): Additional information for this title Main Title: Understanding company law / Phillip Lipton‚ Abe Herzberg‚ Michelle Welsh. Author: Lipton‚ P. (Phillip) Herzberg‚ A. (Abraham) Welsh‚ Michelle Edition: 16th ed. Imprint: Pyrmont‚ N.S.W. : Thomson Reuters‚ c2012. Collation: viii‚ 987 p.; 26 cm. Notes: Previous ed.: 2010. "The 16th edition incorporates a number of significant
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Read answers for question 112 Read question 113 Read answers for question 113 Read question 114 Read answers for question 114 Read question 115 Read answers for question 115 Read question 116 Read answers for question 116 Read question 117 Read answers for question 117 Read question 118 Read answers for question 118 Read question 119 Read answers for question 119 Read question 120 Read answers for question 120 Read question 121 Read answers for question 121 Read question 122 Read answers for question
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