Limited Liability: where shareholders‚ and or stakeholders are only liable for assets already invested. Characteristics of Companies: - Regulated by Corporations Act 2001 (Cth)‚ which is enforceable by ASIC. - Considered a legal person before the law - Minimum of one member S.114 - A company has the legal capacity and powers of an individual both in and outside this jurisdiction. A company also has the powers of a body corporate. . . . “ S.124 - “The business of a company is to be managed
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ACCT2542 Corporate Financial Reporting & Analysis Semester 2 – 2009 Version 1.0.3 Contents Page 3 Accounting for Income Tax Page 7 Consolidation Accounting – Principles Page 10 Consolidation Accounting – Wholly Owned Subsidiaries Page 15 Consolidation Accounting – Intragroup Transactions Page 19 Consolidation Accounting – Minority Interests Page 24 Consolidation Accounting – Indirect Ownership Page 26 Accounting for Asso Associates – The Equity Method
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HI 5001 Accounting for Business Decisions Introduces students to the discipline of financial accounting by teaching them bookkeeping through to the preparation of financial statements. HI 5002 Finance for Business Is specifically devoted to the discipline of finance. It deals with the financial mathematics of finance and some aspects of the Australian financial system and the financial instruments available HI 5003 Economics for Business Focuses on contemporary developments and applications
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Radford (2005) Applying International Accounting Standards‚ John Wiley & Sons‚ Australia. 2. Australian Accounting Standards Board (AASB) (2003) ED 124 Released: The definition of reporting entity‚ the IASB framework and revenue and government grant standards‚ Media Release‚ 1 October. Available at http://aasb.com.au. 3. Australian Accounting Standards Board (AASB) (2004) Concepts and policies Available at http://aasb.com.au/pronouncement/policies.htm. 4. Bradbury‚ M. (2003) ‘Implications for the
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Letter of Transmittal 16th October 2009 Mr Mukesh Garg Department of Accounting and Finance Monash University 400 Dandenong Road Caulfield Vic 3145 Dear Mr Mukesh Garg‚ Ref: Business Valuation Group Project 2 in Semesters 2‚ Year 2009 Here is the report you requested on 16th October‚ 2009. This report attempts to analyze Ambertech Technology Limited by industry analysis‚ accounting analysis‚ financial analysis and evaluation and forecasting from ***to ***** through ***** and relative
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CHAPTER 1: ACCOUNTING AND THE BUSINESS ENVIRONMENT Objective 1 - Use accounting vocabulary. Accounting is a system that measures business activities‚ processes that information into reports‚ and communicates the results to decision-makers. There are many users of accounting information. Individuals use accounting information to make decisions about purchases and investments and to manage their bank accounts. Businesses use accounting information to set goals for their businesses and to evaluate
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SAMPLESOL BAO3309 Advanced Financial Accounting Semester 1 2012 – Footscray Park Campus Part B Theoretical Questions (33 marks) Question 21 (8 marks) Real Ginkgo‚ a large mining company and Rising Dragon‚ a small mining company both announced their record high profitability for the current financial year. The share price of Rio Gingko didn’t change after the announcement. On the contrary‚ the share price for the Rising Dragon increased by 20% after the announcement. How to explain this from Capital
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Collapse of Dick Smith and Audit Risks The article selected is intended to discuss the causes of the collapses of Dick Smith and also the responsibilities of associated parties. The author‚ Knight (2016)‚ provides a generic discussion on both of the issues based on public available financial information of the company as well as some preliminary findings of the investigation regarding the Dick Smith Collapse. Dick Smith was floated by Anchorage Capital Partners‚ an Australian-based private equity
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wiley.com website. o Our eBooks work on the VitalSource platform. This is free software to download‚ instructions are on the website. o The eBook can operate on PC/MAC‚ iPads‚ android tablets and online. • Australian Accounting Standards Board (AASB) standards ACCG 923‚ S1‚ 2013 4 Unit Webpage • iLearn https://ilearn.mq.edu.au/login/MQ/ ACCG 923‚ S1‚ 2013 5 Learning and Teaching Activities • Lecture component • 1.5-2 hour presentation each seminar to explain the main concepts
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the Directors determine is necessary to enable the preparation of the Financial Report that is free from material misstatement whether due to fraud or error. In note 1(A)‚ the Directors also state‚ in accordance with Australian Accounting Standard AASB 101 Presentation of Financial Statements‚ that the Financial Statements of the Group comply with International Financial Reporting Standards. Auditor’s Responsibility Our responsibility is to express an opinion on the Financial Report based on our
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