198 Accounting Standard (AS) 14 (issued 1994) Accounting for Amalgamations Contents INTRODUCTION Definitions EXPLANATION Types of Amalgamations Methods of Accounting for Amalgamations The Pooling of Interests Method The Purchase Method Consideration Treatment of Reserves on Amalgamation Treatment of Goodwill Arising on Amalgamation Balance of Profit and Loss Account Treatment of Reserves Specified in A Scheme of Amalgamation Disclosure Amalgamation after the Balance Sheet Date ACCOUNTING STANDARD
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ACC 556 – Financial Accounting for Managers Chapter 1 Homework Due Week 1 and worth 10 points Directions: Answer the following four questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed‚ or both. Submit your homework assignment using the homework assignment link in the course shell. E1-1 Here is a list of words or phrases discussed in this chapter: 1. 2. 3. Corporation Creditor Accounts receivable 4. 5. 6. Partnership Stockholder
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Psychological Adjustments during early and middle adulthood ShaRhonda WashingtonPsychological Adjustments during early and middle adulthood It is a fact that aside from physical changes‚ there are also intrinsic changes that individuals go through throughout the periods of early and middle adulthood. These changes range from likes and dislikes‚ to the extent of the individual’s perception of the world. Also during this time period there are changes in the way the individual views relationships and
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Birth Order theories have been around since the 1920’s. Alfred Adler‚ a contemporary of Sigmund Freud‚ was the first to emphasise the importance of birth order and how it affects our lives. Today’s psychologists tend to believe that birth order is simply one variable that affects‚ but does not determine what you are like. It is very clear however‚ that there is a lot more to your child’s personality than what they’ve inherited from their gene pool. Do you believe your child’s birth order
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assumption. 2. Sales revenue should be recognised when goods and services have been supplied; costs are incurred when goods and services have been received. Which accounting concept governs the above? a. The prudence concept b. The materiality concept c. The accruals concept * d. The dual accept concept 3. Which accounting concept requires that foreseen losses should be anticipated and taken into account immediately? a. The consistency concept b. The accruals concept c. The prudence
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HISTORY OF ACCOUNTING LEARNING OUTCOMES Understand the history of accounting dating from prehistoric times to written record keeping. Identify the seven preconditions for the emergence of systematic book keeping. Know Luca Pacioll contributions in introducing double entry book keeping. Accounting is a tool‚ invented by humankind‚ to fulfill needs of society. Unlike the explorers of the past who discovered new lands‚ accounting cannot in any true sense be said to have been discovered
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Selina’s identifiable assets and liabilities had fair values that were equal to their carrying values on January 1‚ 20X2‚ except for the following: | Fair value | Carrying value | Inventory | $250‚000 | $350‚000 | The statements of financial position of Haika Inc. and Selina Co. on December 31‚ 20X6‚ were as follows: Statements of Financial Position at December 31‚ 20X6 | | Haika | Selina | Assets | | | | Cash and current receivables | $900‚000 | $400‚000 | | Temporary investments
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Chapter 4 : Account Titles and Preparation of Financial Statements | Article 14 : The balance sheet items shallbe categorized as follows: 1. Assets. (1) Current assets. (2) Funds and long-term investments. (3) Property‚ plant and equipment. (4) Depletable assets. (5) Intangible assets.
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quality of materiality is not easy to define and can be misunderstood. Similarly‚ the concept of prudence is not clear-cut and can conflict with neutrality. In addition‚ relevance and reliability can be conflicting targets and a trade-off needs to be made between the two. Required: Write an essay that draws on the above arguments in relation to the concepts of materiality‚ prudence and neutrality‚ and relevance and reliability In this assignment‚ I shall discuss 3 main
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American Period In Feb.‚ 1899‚ Aguinaldo led a new revolt‚ this time against U.S. rule. Defeated on the battlefield‚ the Filipinos turned to guerrilla warfare‚ and their defeat became a mammoth project for the United States— Thus began the Philippine-American War‚ one that cost far more money and took far more lives than the Spanish-American War. Fighting broke out on February 4‚ 1899‚ after two American privates on patrol killed three Filipino soldiers in San Juan‚ Metro Manila. Some 126‚000
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