income statement • Understand the implications of the decision to record expenditure as an asset or as an expense • Understand the differences between cash profit and accrual profit Required Reading Trotman‚ Gibbins & Carson Chapter 2 AASB: Framework for Presentation of Financial Statements (downloadable from your course website or http://www.aasb.gov.au ) Session 1‚ 2013 2. Tutorial Questions – Week 3 Preparation Questions • • • DQ 2.1‚ 2.2 P2.3 Case 2A
Premium Balance sheet Generally Accepted Accounting Principles Asset
Examination Cover Page Examination Period: Academic Institution: Academic Group: Academic Career: Examination Type: AFFIX STUDENT ID STICKER HERE 2012 Term 1 Central Queensland University Faculty of Arts‚ Business‚ Informatics‚ and Education Postgraduate Standard I have read and understood the penalties involved if I do not abide by the rules outlined on the back of this examination paper. Student Signature: Student ID Number Course: Subject Area: Catalog Number: Paper
Premium Question Asset Balance sheet
Assurance Standards Board‚ viewed 1 May 2010‚ Auditing and Assurance Standards Board 2007‚ Going Concerns‚ ASA 570‚ Auditing and Assurance Standards Board‚ viewed 1 May 2010‚ Australian Accounting Standards Board 2010‚ Events after the Reporting Period‚ AASB 110‚ Australian Accounting Standard Board‚ viewed 1 May 2010‚ < http://www.aasb.gov.au/admin/file/content105/c9/AASB110_07-04_COMPdec09_01-11.pdf> Corporate Governance Principles and Recommendations 2nd edition 2007‚ Australian Stock Exchange‚ viewed
Premium Auditing Financial statements Audit
Testbank to accompany Applying International Financial Reporting Standards 3e By Prepared by Yeny Lukito and Emma Holmes John Wiley & Sons Australia‚ Ltd 2013 Chapter 23 Consolidation: Controlled Entities Learning Objectives Learning Objective 23.1 Explain the meaning of consolidated financial statements Learning Objective 23.2 Discuss the meaning and application of the criterion of control Learning Objective 23.3 Discuss which entities should prepare consolidated financial
Premium Financial statements International Financial Reporting Standards Balance sheet
Lecture 6 Receivables 1. Types of receivables (1)Accounts receivable: the amounts owed to the firm by customers on account from the sale of goods or services (2)Notes receivable: the amounts owing to the firm outside normal trade for which formal instruments of credit are issued evidencing the debt‚ and on which interest is generally payable (3) Other receivables include non-trade receivables such as interest receivable‚ loans‚ advances and GST receivable. 2. Accounting for A/R Accounts receivables
Premium Balance sheet Depreciation Generally Accepted Accounting Principles
Property Plant and Equipment Carrying amount of the Property‚ Plant and Equipment at reporting date of JB-HiFi According to AASB 116 Property‚ plant and equipment held beyond the normal operating cycle of entity are deemed to be non-current assets. Here’s the extract from the report. [pic] Descriptions: Carrying Amount of PPE is $163‚982‚ 000‚ which is made up of the figure of plant &equipment which is $106‚560‚000 add to the Leasehold improvements which is $57‚422‚000 come out as the total
Premium Depreciation Generally Accepted Accounting Principles Asset
FINAL PAPER CAS 610‚ Using the Work of Internal Auditors Paper for ACCT 343 Auditing Wendy Popowich Carrie Prosser Bachelor of Applied Business Administration – Accounting NAIT School of Business Submitted: October 20‚ 2010 Due: October 20‚ 2010 TABLE OF CONTENTS Executive summary 3 Introduction 4 Limitations in changes to the ISA 610 before implementation….. 5 Format and wording changes within the exposure draft 5 Using direct assistance from internal auditors 6 Using examples in the proposed
Premium Audit Auditing Financial audit
Symbiosis Institute of Media and Communication‚ Pune Module Professor Ashutosh Dutt Assignment Name Final Research Report: To be presented to Go Air Submitted By: Student Name: Deboshree Bhattacharjee Roll no: 81 Specialization and Section: MBA - PR Batch: 2012-14 Table of Contents Problem Definition 3 Approach to the Problem and Research Design 4 Type of research design 4 Data collection from secondary sources 4 Data collection from primary sources 4 Data Analysis
Premium Pearson product-moment correlation coefficient Indira Gandhi International Airport Correlation and dependence
Contents Executive Summary 2 Business and Strategic Analysis 3 1. Economic Analysis 3 2 Industry Analysis 4 3 Competitive Strategy 6 4 Industry and company’s potential 7 Accounting analysis 9 Step 1: Identify Key Accounting Policies 9 Step 2: Accounting Flexibility 10 Step 3: Evaluate accounting strategy 11 Step 4: Quality of disclosure 12 Step 5: Potential red flags 12 Step 6: Undo accounting distortion 13 Financial Analysis 13 1. Profitability 13 2. Liquidity 14 3. Solvency 16
Premium Balance sheet Inventory
ACCT3708 Week 3 Tutorial Q1. What is the link between audit risk and engagement risk? How does the audit risk model allow the auditor to deal with these risks in the most cost effective manner? Audit risk is the risk that the auditor gives the wrong opinion – this can either be stating errors when there are none or when there are errors stating that there are none. This risk cannot be eliminated as auditors can only provide a reasonable assurance and not absolute‚ but instead this can only be managed
Premium Auditing Financial audit Balance sheet