to be consumed (ACCA‚ 2010). The purposes of budget are forecasting‚ planning‚ coordination‚ communication and authorization (ACCA‚ 2010). To draft a budget‚ an organization should do forecasting (ACCA‚ 2010). Forecasts are often based on the results of previous periods which are updated for known changes (ACCA‚ 2010). The forecast will not always be correct‚ but at least the organization had to look ahead (ACCA‚ 2010). Once forecast are completed‚ planning can be carried out (ACCA‚ 2010). Detailed
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knowledge or ability - it’s the lack of exam technique." Graham Holt‚ ACCA Examiner Exams are knocking on the door‚ but you still feel unprepared? Time is running out and you are not sure what to focus on? Don’t panic‚ try our boot camp and let us make sure that you pass your exams! You’ve studied. Now‚ practice is the only way to ensure exam success. What is ACCA Boot camp? ACCA Boot Camp® by PwC‚ The Academy Who should attend ACCA Boot camp? Practice what you learned. This course is literally for
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Company No.: 12345-X ABC SDN. BHD. (Incorporated in Malaysia) REPORTS AND FINANCIAL STATEMENTS 31 December 2010
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Date: 2/19/14 To: CEO of LOL From: Auditor Re: The realization and valuation of DTAs Mr. CEO: The following paragraphs explain why a valuation of temporary taxable differences is necessary and how‚ with the guidance of the Accounting Standards Codification (ASC)‚ we came to this conclusion. According to ASC 740-10-30-23‚ "The more negative evidence that exists‚ the more positive evidence is necessary and the more difficult it is to support a conclusion that a valuation allowance is not
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have just finished the ACCA Professional Ethics module and learnt five key components of ethics from it. Firstly‚ I learnt that in order to make ethical decisions‚ we should think about the kinds of arguments that might influence us when we make decisions. And‚ we must use the professional ethics of an accountant when making professional decisions. Secondly‚ I learnt different types of ethics which can help me identify the way that I make decisions‚ so that I can recognise my own personal ethics
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time. Page 1 of 4 PRACTICE QUESTIONS QUESTION 16.2 PAVO LTD – OCTANS LTD Acquisition analysis: 1 July 2014 Net fair value of identifiable assets and liabilities of Octans Ltd Consideration transferred Previously held equity interest Goodwill acquired Unrecorded
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compulsory and MUST be attempted 1 The following draft financial statements relate to Zambeze‚ a public limited company: Draft Group Balance Sheets at 30 June Assets: Non-current assets: Property‚ plant and equipment Goodwill Investment in associate 2006 $m 2005 $m 1‚315 30 270 1‚005 25 290 1‚615 1‚320 650 610 50 580 530 140 1‚310 1‚250 2‚925 2‚570 Equity and liabilities: Share capital Share premium account Revaluation
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to measure some assets and liabilities at each balance sheet date; • to measure some assets and liabilities on their initial recognition in the financial statements or on transition from national GAAP to IFRS; and • to determine some asset impairments. Only the first of these circumstances should be described as ’fair value accounting’. It is the only circumstance that requires annual measurement at fair value and the recognition of unrealised gains in the financial statements. IFRS require
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PANASONIC CORPORATION AND ITS SUBSIDIARIES FOR PERIOD OF 1 APR 2008 TO 31 MAR 2011 Than Aung ACCA student reg: No. 1915848 Applied Research and Analysis Paper for B.Sc (Hons) in Applied Accounting Submission 23 (2011 November 1st to 21st) 6‚479 words 18 November 2011 ACKNOLEDGMENT I wish to express my heartfelt thanks to my mentor‚ U Aung Naing Maung Maung‚ B.Com‚ CPA‚ DMA‚ ACCA‚ Principal‚ Excellent Choice Professional Accountancy Training Centre for care thought‚ encouragement
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Chapter 2 Worldwide accounting diversity Chapter Outline I. Considerable differences exist across countries in the accounting treatment of many items. These differences can result in significantly different amounts being reported in the financial statements prepared by companies using different GAAP. II. A variety of factors influence a country’s accounting system. A. Legal system – in code law countries‚ accounting rules tend to be legislated; common law countries tend to have
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