Annual Financial Statements Shoprite Holdings Ltd and its Subsidiaries as at June 2012 38 Contents Statement of Responsibility by the Board of Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 Certificate of the Company Secretary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 Currency of Annual Financial Statements . . . . . . . . . . . . . . . . . . . . . . .
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Frameworks: Frameworks are boundaries for accountant and made up by PRINCIPLE and RULES. There are Two types of framework – 1. Conceptual: Conceptual are made up by historical practice that are done by people like- IAS‚ GAAP etc. 2. Regulatory: Regulatory are boundaries of rules and regulation like- Company law‚ National standards of accounting‚ Stock exchange regulation‚ Sometimes IAS if country adopt it etc. Usefulness and Requirement of Frameworks: 1. Framework develops over hundred years
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Symantec 2011 Annual Report DEAR FELLOW STOCKHOLDERS‚ Symantec ended fiscal 2011 on a strong note‚ as demonstrated by our solid performance against our key financial metrics. I am proud of our team’s execution and our accomplishments over the past few quarters. We have a unique and differentiated portfolio that spans from the endpoint to the data center‚ supporting both virtual and physical environments. We work with individual consumers all the way to the largest organizations in the world
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IFRS Illustrative financial statements October 2012 kpmg.com/ifrs 1 Contents What’s new 2 About this publication 3 Independent auditors’ report on consolidated financial statements 5 Consolidated financial statements 7 Consolidated statement of financial position 9 Consolidated statement of comprehensive income – single-statement approach 13 Consolidated statement of changes in equity 17 Consolidated statement of cash flows 21 Notes to
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this potential issue by reviewing the various accounting treatments for the reacquired franchise rights. We also examine the reacquired franchise rights from the Arizona acquisition and assess the reasonableness of management’s assumptions in its impairment analysis. Q1 Purpose: The purpose of this testing procedure is to verify the mathematical accuracy of the schedule and reconcile the total to the preliminary balance sheet to ensure the assertions of accuracy and valuation are met. Audit Procedure:
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REVISION QUESTION BANK – FINANCIAL REPORTING (F7) Question 1 IASCF Historically financial reporting throughout the 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
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ANSWER SHEET STUDENT’S SURNAME........................................... OTHER NAMES.......………......................................... STUDENT NUMBER....……….................................. TUTORIAL DAY & TIME........………................... TUTOR’S FULL NAME......................................... Test 1 – Version 2 Session 2‚ 2012 Course Code: ACCG 224 Course Name: INTERMEDIATE FINANCIAL ACCOUNTING Time allowed: 55 minutes plus 5 minutes reading time Total No. of questions:
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SUCCESSFULLY COMPLETED AT LEAST NINE DEMANDING ACCA PROFESSIONAL EXAMS. You have already demonstrated your undergraduate level abilities by passing the ACCA exams; the RAP provides you with the opportunity to demonstrate the remaining graduate level attributes necessary for the award of the BSc degree. Please read the RAP learning outcomes and assessment criteria carefully before you start your RAP work. This will help you understand what is expected of an ACCA student who wishes to submit a RAP to Oxford
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Advantages of Cash flow * Cash flow is more “direct” as “profit” is highly dependent on accounting conventions and concepts/principles * Cash flow reporting satisfies the needs of all users better since cash flow is more direct with its messages. Some of the interested user parties are: * Creditors -repayment of debts‚ overdue accounts * Management -cash flow reporting provides the type of information which decision should be taken re: relevant costs ( decision based on future cash
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Conclusion Based on the explanation above‚ we can make a conclusion. The Tai Yau Tour Travel Limited may concern about their strength and weakness in the objection. The strength includes that their service is offered in Mainland and the contract and profits can be regarded as antecedent activity. According to the Agency Principle‚ Agents’ activities are equivalent to the company’s. But weaknesses are showing as they advertised in Hong Kong‚ the contract was made in Hong Kong and Profit was arising
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