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You required to provide notes as part of the annual report. For the statement of changes in equity, and the income statement below can you provide notes. The standards you need to apply and reference in this assignment. You also need to consider AASB 1031 but this would not be referenced as it relates to a 'general' principle rather than specific disclosure or presentation requirements. Other details concerning the notes are located within the instruction booklet.
You will be provided with a case study, comprising a trial balance and additional information, in relation to a fictitious company. This case study can be accessed from the unit learnonline site. Using this information as a basis, you are required to prepare an annual report suitable for publication for the year ending 30 June 2014. This must include the following:
• title page and contents page• statement of profit or loss and other comprehensive income• statement of financial position• statement of changes in equity• notes to the financial statements• directors declaration• annual directors report• annual auditors report• reference list.
The minimum requirements of those Australian accounting standards/ pronouncements and corporations law as detailed in this booklet.
the amount of income taxes paid would be $300 greater if the average cost assumption were used, what would be the amount of income before taxes under the average cost assumption?
Prepare the September 9 entry to establish the fund and (2) the September30 entry to both reimburse the fund and reduce it to $300.
What is the growth rate in sales for the past three years and are revenues and expenses growing at the same rate? What was the experience in the past few years?
Ajax Division desires to maximize its gross margin, should Ajax take on the new customer and drop its sales to Bradley for 2005, and why?
question lee corporation is an american company that started operations on january 1 2004. it has just completed its
Prepare a journal entry for each transaction - Then create T-accounts for each balance sheet account and include the new transactions. Post each journey entry to the appropriate T-accounts. Finally, create an updated balance sheet.
During the year, Hamlet Inc. paid $22,000 to have bond certificates printed and engraved, paid $110,000 in legal fees, paid $12,000 to a CPA for registration information, and paid $190,000 to an underwriter as a commission. Illustrate what is the..
Prepare a report that will be of more value in analyzing and appraising the performance of the manager of Department D for October. Comment on the operating results.
Recast the income statement to emphasize contribution margin and calculate the contribution margin percentage and breakeven point in units and revenues for June 2008.
Prepare an Income statement and Cash Flow Statement and determine the Present Worth and Internal Rate of Return of the proposal.
Explain why do you think larry stone wants to estimate the firm's hrdle rate? Is it justifiable to use the firm's weighted average cost of capital as the divisional cost of capital?
Explain why Believer believes this lease should be categorised as a finance lease. You should refer to relevant international accounting standards to justify your answer.
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