Accounting policy for property, plant, and equipment

Assignment Help Financial Accounting
Reference no: EM133680185

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.

Reference no: EM133680185

Questions Cloud

Segmentation process and positioning process : I would like for you to focus on the segmentation process and how that relates to the positioning process.
Is short amount of time she has to live ethically relevant : Is the short amount of time she has to live ethically relevant? Is there an ethical difference between her dying in 6 hours and dying in a week?
Discuss strategies from literature to foster the transition : Discuss strategies from literature to foster this transition. Identify how APRN practice barriers are impacted through healthcare reform.
What you look for in an assessment tool for patient symptoms : Using the theory of unpleasant symptoms as a guide, what would you look for in an assessment tool for patient symptoms?
Accounting policy for property, plant, and equipment : ACCM4200 Advanced Financial Accounting, Kaplan Business School - rationale for your computations must be justified by reference to the requirements of AASB116
Tourist site can co-exists with environment : Kingfisher Bay in Australia has spent a lot of resources to show that a tourist site can co-exists with the environment.
Explain how your academic and professional goals align : Explain how your academic and professional goals align with Walden's vision, mission, social change message, social determinants of health.
Currently regarding online retail industry : Currently regarding the online retail industry, apart from Amazon, we know Alibaba Group, Walmart, eBay and Walmart.
Discuss the impact of stress on eating behaviors : Discuss the impact of stress on eating behaviors, such as emotional eating or unhealthy food choices, and explore strategies for promoting mindful eating.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Can licences be revalued to fair value and explain why

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.

  Prepare journal entries to record debt issue and conversion

On January 1, 2018, HTL Manufacturers issued $100 million of 8% convertible debentures. Prepare the journal entries to record the debt issue and conversion.

  What amount you will debit the deferred gain

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

  Transactions involving promissory notes

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

Prepare a differential analysis dated January 21 to determine whether Star Cola should be continued (Alternative 1) or discontinued (Alternative 2)

  What is subsequent payments testing

Question - Payables cut-off testing - What is 'subsequent payments' testing? How would you select the transactions to examine

  What would be the required sales in units

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

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

  Prepare an income statement for the year 2012

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).

  What amount should be reported as current tax liability

The entity followed the cash basis for tax purposes. What amount should be reported as current tax liability at year-end

  Determine unearned or deferred revenues adjustments

Record adjusting journal entries for each of the following for year ended December 31. Unearned (deferred) revenues adjustments

  Using the cash–basis method of accounting

Discuss some of the advantages or disadvantages of using the cash–basis method of accounting. Provide some examples.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd