AS-19 “LEASES” PRE AS-19 ERA Prior to 1.04.2001 the “Guidance Note on Accounting for Leases” was applicable on leasing industries. This Guidance Note was based on the matching principle i.e. the periodic costs comprising of depreciation and lease equalization charges were recommended to be matched with lease rentals so that the net income from a finance lease will show a true and fair view
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world has differed widely. The International Accounting Standards Committee Foundation (IASCF) is committed to developing‚ in the public interest‚ a single set of high quality‚ understandable and enforceable global accounting standards that require transparent and comparable information in general purpose financial statements. The various pronouncements of the IASCF are sometimes collectively referred to as International Financial Reporting Standards (IFRS) GAAP. Required: (a) Describe the
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technical GrADe ‘A’ rAp relevant to all acca qualification students The following points summarise the RAP markers’ guidelines‚ which include the criteria that must be satisfied in order to achieve an A grade. understanding of accounting and business models ‘Grade A – An appropriate choice of theory and concepts. Very clear relevance and evidence of wider reading.’ Markers are looking to see if students have used an appropriate range of relevant accounting and business models‚ linking them to the
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appraisals why cash flows are more appropriate than Accounting profits 4) Meaning of Relevant Cash flows and examples of Relevant Cash flows 5) Why Time Value of Money is Key Concept in investment Appraisal? 6) Assumptions of discounted cash flows 7) How inflation may complicate analysis of Decisions Difference between Specific inflation rate and General inflation rate 9) Advantages and disadvantages of • Payback Period (PBP)‚ • Accounting Rate of Return (ARR)‚ • Net Present Value (NPV)
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Corporate code of ethics. Purposes A corporate code of ethics (sometimes contrasted with a professional code) has five general purposes. The first is communicating the organisation’s values into a succinct and sometimes memorable form. This might involve defining the strategic purposes of the organisation and how this might affect ethical attitudes and policies. Second‚ the code serves to identify the key stakeholders and the promotion of stakeholder rights and responsibilities. This may involve
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PAPER P5 DECEMBER 2011 REVISION PERFORMANCE MEASUREMENT (1) FINANCIAL PERFORMANCE: GROWTH: Revenue / Profits / EBITDA / Market Share PROFITABILITY: Absolute profit / ROCE / Profit margin GEARING: Gearing ratio LIQUIDITY: Current ratio / Net cash flow SHAREHOLDERS: EPS / Share price / PE ratio Always comment on any significant changes (e.g. new issue of shares) and likely reasons/effects (e.g. new investment - therefore possibly more profit in the
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The NEW ACCA Professional Qualification Syllabus. What do the changes mean for you for the June 2011 exams? Periodically‚ ACCA conduct a review of their examinations process and syllabus content. The purpose of these reviews is to ensure the qualification continues to be relevant to the needs of students‚ employers and learning providers. The last major development of the ACCA Qualification was in December 2007. The qualification was brought up to date and restructured to meet employer‚ student
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ACCA Paper F4 (GLO) Corporate and Business Law For exams in 2012 Notes theexpgroup.com ExPress Notes ACCA F4 (GLO) Corporate and Business Law Page | 2 © 2012 The ExP Group. Individuals may reproduce this material if it is for their own private study use only. Reproduction by any means for any other purpose is prohibited. These course materials are for educational purposes only and so are necessarily simplified and summarised. Always obtain expert advice on any specific issue. Refer to our
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delegates the decision-making authority to the manager. The costs of divergent behaviour that arises as a result of the agency relationship are referred to as agency costs. Furthermore‚ Watts and Zimmerman (1978) developed the theory of positive accounting which is focused on the assumption that ‘all individual action is driven by self-interest and that individuals will act in an opportunistic manner to increase their wealth’. Based on Watts and Zimmerman’s theory‚ Deegan suggests that owners would
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NATIONAL SENIOR CERTIFICATE GRADE 11 MATHEMATICS P2 EXEMPLAR 2013 MARKS: 150 TIME: 3 hours This question paper consists of 12 pages and 3 diagram sheets. Copyright reserved Please turn over Mathematics/P2 2 NSC – Grade 11 Exemplar DBE/2013 INSTRUCTIONS AND INFORMATION Read the following instructions carefully before answering the questions. 1. This question paper consists of 11 questions. 2. Answer ALL the questions. 3. Clearly show ALL calculations
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