Preparation of Consolidated Statement of Financial Position 1 The consolidation process • Before consolidating‚ it may be necessary to adjust subsidiary’s financial statements where: 1. The subsidiary’s end of reporting period is different to the parent’s. In such cases the subsidiary is required to prepare adjusted financial statements as at the parent’s reporting date. 2. The subsidiary’s accounting policies are different to the parent’s. In such cases the subsidiary is required to
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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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can no longer treat someone differently because of the colour of his or hers skin or their gender. Another law based on social values is the Clean Air Act. This law makes it illegal to burn rubbish as it contaminates the surrounding area. Years ago many people had incinerators in their backyard to burn rubbish‚ which is no longer allowed. Laws based on economic values are laws such as being able to own your own property. This also ties into the social value of discrimination making it unlawful
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10a) Suggest reasons for the changes shown in the size and distribution of megacities Megacities‚ with a population of at least 10 million‚ have grown in number to 26 in 2009. This is because of the general growth in world population and especially the g r o w t h in NICs such as India‚ Brazil and Indonesia. Their Economic growth has increased rapidly due to industrialisation which has encouraged rural-urban migration to escape rural poverty. This has increased the size of some megacities to
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Plastic Plastics are used on a daily basis throughout the world. The word plastic is a common term that is used for many materials of a synthetic or semi-synthetic nature. The term was derived from the Greek plastikos‚ which means “fit for molding.” Plastics are a wide variety of combinations of properties when viewed as a whole. They are used for shellac‚ cellulose‚ rubber‚ and asphalt. We also synthetically manufacture items such as clothing‚ packaging‚ automobiles‚ electronics‚ aircrafts‚ medical
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Topic 7B: How did you personally learn about morality? Do you think the government should engage in the moral education of young people today? Introduction The decline of morality Recently‚ there are more and more news talking about the immoral behavior done by teenagers in Hong Kong. Some of the girls are willing to involve in the compensation dating in order to receive more pocket money. There are also more students who have experienced the sex harassment from their teachers or their tutors
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1.0 Introduction The place of measurement is crucial in accounting. Measurement is vital to accountants for recording‚ summarising‚ reporting financial transactions and preparing financial statements that should indicate the true position of an entity. However‚ accounting measurement issues are seen to be problematic as many measurements are derived. According to Mary E. Barth (2007)‚ an analysis regarding the latest activities of the International Accounting Standard Board (IASB) have revealed
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Publishing 2013 ACCA F7 (INT) Financial Reporting Study Text emilewoolfpublishing.com ACCA Paper F7 (INT) Financial Reporting (International) Welcome to Emile Woolf‘s study text for Paper F7 Financial Reporting (International) which is: Written by tutors Comprehensive but concise In simple English Used around the world by Emile Woolf Colleges including China‚ Russia and the UK Publishing Sixth edition published by Emile Woolf Publishing Limited Crowthorne Enterprise Centre
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Environment is inseparable part of our life. We are depended on it and we have to adjust to survive on Earth. But do people pay enough attention to keep it in a good condition? Are we conscious how huge role it plays in our lives? One of the greatest problems that the world is facing today is that of environmental pollution‚ increasing with every passing year and causing grave and irreparable damage to the earth. Environmental pollution consists of five basic types of pollution‚ namely‚ air‚ water
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have a healthier lifestyle. Im going to talk about a list of important topics that highly affect the environment and need your help to reduce them in order to protect the environment . They are Electricity (Energy) Pollution Food Water Rubbish Rainforests (deforestation) It is for sure that the about list is affecting the world and we all should use the 4Rs to help our world. Today I’m going to talk about something taffeta everyone of us‚something that we all have the responsibility
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