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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Introduction to Financial Accounting ACCT6331 –Prior Year Suggested Time: 90 minutes 1. When the amount of expenses recognized for the purpose of financial reporting exceeds the expenses recognized for the purpose of tax reporting‚ a company will have deferred tax assets. Please indicate if the above statement is true or false. a. true b. false 2. BJ Services is an oil and gas service firm. The company does not issue any preferred stocks or convertible securities.
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Accounting and financial statement • Business going concern- dobry interes = IT WILL CONTINUE INTO THE FUTURE Current market value of its fixed assets is irrelevant‚ they’re not for sale. Fixed assets-środki trwałe. • NET BOOK VALUE->>Historical cost accounting = assets at original purchase price –accumulated depreciation charges. WARTOŚĆ KSIĘGOWA NETTO historyczna kalkulacja kosztów = aktywa w oryginalnej cenie zakupu-zgromadzone odpisy amortyzacyjne
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a differential is amortized‚ (c) an impairment of goodwill occurs‚ and (d) the market value of the investment declines and is less than the carrying value and it is concluded the decline is other than temporary. Q4-2 A differential occurs when an investor pays more than or less than underlying book value in acquiring ownership of an investee. (a) In the case of the cost method‚ no adjustments are made for amortization of the differential
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Importance of Financial Accounting Introduction According to Weygandt‚ Kieso and Kimmel (2012)‚ financial accounting is identifying‚ recording and communicating the economic events of an organization to‚ mainly‚ external users. Through financial accounting‚ some financial reports will be generated. Four financial statements are frequently used to report and analyze the financial status of companies and they are Income statement‚ Retained Earning Statement‚ Statement of Financial Position and
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Financial accounting is the only branch of accounting and it is not perfect. There are large numbers of limitations which open new way to use other tools of accounting. To know what are the main limitations of financial accounting. It is very necessary for accountants. Accountants are often blind to these limitations. So‚ I am covering its limitation a lot of ground. Read below and understand:- Net effect of transactions are recorded in financial accounting which has happened in past. These
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On April 21‚ 2014‚ Alligator Corporation received a charter granting the right to issue 100‚000 shares of $100 par value‚ 6% cumulative and nonparticipating preferred stock‚ and 1‚000‚000 shares of $1 par value common stock. It then Apr. 28 Issued 100‚000 shares of common stock at $23 per share. Jul. 16 Issued 6‚000 shares of preferred stock to The Venot Corporation for the following assets: equipment with a fair value of $76‚000; a warehouse with a fair value of $240‚000; and land with an appraised
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Managerial and Financial Accounting Report FIN540 Accounting for Managerial Decision Making Abstract Financial accounting develops account information that is used by external parties such as stockholders‚ suppliers‚ banks‚ and government regulatory agencies in their decision-making. Management accounting develops confidential accounting information that is used by managers within an organization. Management accounting is a complex process of identifying‚ accumulating and analyzing information
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University of Phoenix Material Problem Solving Step 1: What is the problem? Diabetic father is not fallowing his medical regiment to keep his blood sugar down. Step 2: What are the alternatives? Have the doctor changing diet‚ eating habits‚ and exercise. Or Giving up on his quality of life‚ hurting oneself and stressing the family more. Step 3: What are the advantages and/or disadvantages of each alternative? The advantages of the change in his diet and exercise‚ he will lose weight and improve
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Axia College Material Worksheet 4 Hum 130 Week 3 Exercise: Buddhism Worksheet Due Thursday in the Assignment Tab Using the readings in Chapter 5 answer the following questions concerning Buddhism. Complete the sentences: 1. The man who became known as Buddha was born approximately in the year _(a)__ and was originally named __(b)__ by his family. a. Fifth century BCE b.Siddhartha 2. Describe the lifestyle that he grew up in (Response should be 10 words minimum). He
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