User Account

All Pages

Prepare a memorandum to the board of directors

Assignment Help Financial Accounting
Reference no: EM132608758

Select a set of Financial Report of an ASX Listed Company. Read the Annual Report including the financial statements of the Group and prepare a Memorandum to the Board of Directors clearly explaining some of the technical aspects of consolidation. Make sure you draw on the company's specific details to explain the intricacies of consolidation to the Board and as much as possible avoid answering in general terms.

Some of the aspects that you need to cover in:

Question 1. Why did the parent entity have to prepare consolidated financial statements when the subsidiary company is a separate legal entity in its own right?

Question 2. Does the published set of group financial statements reveal the company's policy on corporate governance, Audit committees, Sustainability, Solvency? Does it reveal these issues and if so where and why?

Question 3. Has there been any goodwill on the acquisition? Or any gain on bargain purchase? Where would you find it in the financial statements and what does it mean? Any impairment?

Question 4. Any other relevant matter that you may wish the Board of Directors to make note of in respect of some transaction or event, the balance of account or disclosure that will assist them in understanding the financial statements of the group.

Reference no: EM132608758

Questions Cloud

How the course has impacted your understanding of science : Assess how this course has impacted your understanding of Science and Spirituality in general. Describe how your learning in this course, especially about.
Prepare journal entries to record the transactions : It levied and collected property taxes of $110 million. Prepare journal entries to record the transactions and other events in appropriate funds
Virtual v traditional teams : Compare and contrast virtual teams and traditional teams with respect to communications, technology use, and team diversity.
Evaluating the open-source shopping cart systems : How would you suggest evaluating the open-source shopping cart systems that are being considered? How does the open-source nature of the systems affect
Prepare a memorandum to the board of directors : Does the published set of group financial statements reveal the company's policy on corporate governance, Audit committees, Sustainability.
Determine the effect on net income : Issue 9%, 10-year bonds at face value for $2,547,000. Determine the effect on net income and earnings per share for these two methods of financing
Public library to offer self-serve kiosks so patrons : Convince your local public library to offer self-serve kiosks so patrons can check their materials in and out.
Find what is total return for the year : $105.30 per value perference share for $103.18 last year.the market price for your perferences share is now $97.38. what is total return for the year?
What was the amount of the insurance check : What was the amount of the insurance check? Erika Jacobi has Medicorp Insurance, which is an 80/20 policy. Her services today include an office visit

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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