AYB340 COMPANY ACCOUNTING TOPIC 1 - SOLUTIONS TO TUTORIAL QUESTIONS CASE STUDIES Case Study 1 - Accounting Policies The board of directors has resolved to change the accounting policy for treatment of advertising expenditure. Previously‚ advertising expenditure has been expensed as incurred. Following extensive market research‚ the board has taken the view that benefits from advertising expenditure in the form of product awareness and increased sales will be received by the company
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|When the book value is quite different from fair | | | |value | |Liquidation value |Bankrupt company (capital budgeting‚ cases like |Liquidation value will inappropriate for a company | | |machines‚ plants‚ natural resources projects‚ which |which is doing well‚ because it ignores “going | |
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for bankruptcy. Bankruptcy is a process in which consumers and businesses can eliminate or repay some or all of their debts under the protection of the federal bankruptcy court. For the most part‚ bankruptcies can be divided into two types -- liquidation and reorganization. When a business liquidates its asset they sale their assets and the proceeds go to pay their debts. When a business reorganizes they find a way to remind open to try to make a profit. A business filing for bankruptcy only
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Company Law Reforms in Tanzania: The Companies Act 2002 Prior to the 1st of March earlier this year‚ the main legislation relating to companies in Tanzania was the Companies Act Cap. 212 which was enacted in 1929. This legislation regulated trading companies and other associations including the imposition tax on nominal capital‚ regulation of dividends and surpluses and related matters. This legislation was in force for over 77 years which period covered not only the tail end of the colonial period
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INTRODUCTION FERN‚ Inc. is Filipino Entrepreneurs & Resources Network‚ Inc.‚ a company involved in the development of entrepreneurs through distribution of high quality products. Established in 2003 by a group of successful business practitioners. FERN continues to break new ground with its innovative business strategies and premium quality products. It gives the average individual access to the finest products‚ unlimited income potential through its marketing plan‚ developmental training
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DETAILED PROJECT PROPOSAL I. PROGRAM TITLE : DOLE Kabuhayan Starter Kit (DKSK) Project 1.1 Accredited Co-Partner : Municipal Government of Bato‚ Catanduanes 1.2 Project Location : Bato‚ Catanduanes 1.3 Project Beneficiaries : 30 long-term unemployed skilled workers consisting of 10 carpenters/masons‚ 5 welders‚ 5 cooks/ bakers‚ 5 dressmakers‚ and 5 manicurists /beauticians 1.4 Total Project Cost : P 220‚500.00 I.5 Source of Funds : Requested from DOLE (2014 BuB) - P 210‚000.00 LGU-Bato
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CASE TOPIC AREA RESULTING LAW [CASE DETAILS] "Whitely v Chapel " "Interpretation of Statute " "literal rule - words given dict’ meaning [voted under dead person’s name. Cannot impersonate a dead person] " "Re Sigsworth " "Interpretation of Statute " golden rule - above disregarded if absurd/repugnant situation [son due to inherit from his mother after murdering her] "DPP vs Bull / Corkery v Carpenter " "Interpretation of Statute " "mischief rule - interpret for intended effect [law referrign
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Streams Analysis Area: PROVISION OF EQUITABLE ACCESS Personnel | Learning Materials &Equipment | Physical and Ancillary Service | Two buildings are condemnable Pupil - book ratio is 2:1 which is higher than the NS of 1:1 ratio Some teachers lose interest in upgrading themselves personally and professionally Three classrooms need to be repaired Improvement of three special/instructional rooms Few learning materials of pupils under Kto12 curriculum It took a longer period
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financial statements most frequently provided include all of the following except the statement of retained earnings.** Which of the following statements is not an objective of financial reporting? Provide information on the liquidation value of an enterprise.** Accounting principles are "generally accepted" only when an authoritative accounting rule-making body has established it in an official pronouncement. it has been accepted as appropriate because of its
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from a legal process how to manage the process if they receive a VC term sheet.” (“Mars”‚ 2012) The actions the entrepreneur needs to identify and take are; Pre-money valuation is the company’s worth before the investor’s money is invested Liquidation process which is how proceeds are distributed in event of a sale. Option pool is where stock reserved for allocation to future employees‚ consultants and directors also affects the entrepreneur’s stake. Board composition‚ a good board has a balance
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