Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Advanced Financial Accounting
Assessment Description
This group case study is designed to test your ability to apply the knowledge gained from ACCM4200 workshops 3, 4 & 5 to a practical scenario. It will also help you develop writing strategies to enable the effective presentation of accounting information while working in teams.
You will be required to analyse information provided and carry out computations. The rationale for your computations must be justified by reference to the requirements of AASB116 and AASB136. Based on your computations, you will be required to prepare journal entries. You will also be required to answer a specific question with regards to accounting policy for property, plant, and equipment of a listed company.
Assessment Instructions
Form groups (maximum 3 students) and identify a group leader.The group leader must email your facilitator the names and student numbers of all group members by week 5.Students who have difficulty forming groups must let their facilitator know by week 5. Your facilitator will assist you in forming a group.Answer the questions included in the Assessment 2 question document, which will be made available to you in class during Workshop 6.This case study should be attempted as a group.Only one submission is required per group.
Explain why,Can licences be revalued to fair value and, if so, do they also need to be subject to periodic amortisation? Provide justification for your answers.
On January 1, 2018, HTL Manufacturers issued $100 million of 8% convertible debentures. Prepare the journal entries to record the debt issue and conversion.
Assume you are preparing the journal entries in the books of the lessee, what amount you will debit the deferred gain by in the first year
Akron Corporation engaged in the following transactions involving promissory notes in 20x1 and 20x2. Mar. 1 Received payment in full from Marge Bailey. Assume that all interest has already been accrued to the end of February but no cash receipt has b..
Prepare a differential analysis dated January 21 to determine whether Star Cola should be continued (Alternative 1) or discontinued (Alternative 2)
Question - Payables cut-off testing - What is 'subsequent payments' testing? How would you select the transactions to examine
If Summer Sales required a profit of $200 000, what would be the required sales in units? To achieve the profit of $200 000 what would be required sales dollars
Estimate of the markets required return-it is too high. So use 9% as the expected return on the market. Use the SML equation to calculate the two companies
When its president died, the corporation realized $150,000 from an insurance policy. The cash surrender value of this policy had been carried on the books as an investment in the amount of $46,000 (the gain is nontaxable).
The entity followed the cash basis for tax purposes. What amount should be reported as current tax liability at year-end
Record adjusting journal entries for each of the following for year ended December 31. Unearned (deferred) revenues adjustments
Discuss some of the advantages or disadvantages of using the cash–basis method of accounting. Provide some examples.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd