User Account

All Pages

Record these events in the general journal of oz ltd

Assignment Help Accounting Basics
Reference no: EM132625629

Question - On 1 July 2021, OZ Ltd grants 20 share options to each of its 100 employees working in the sales department. The share options will vest on 30 June 2023 subject to the condition that the volume of sales of product A increases by an average of 10% over the two years. At the grant date, the estimated fair value of the share options is $13 per option.

For the year ended 30 June 2022, product A sales increased by 11%, eight employees have left and it is expected that another six will leave during the next financial year.

For the year ended 30 June 2023, product A sales increased by 12%; therefore, the share options will vest. Nine employees left during the year before the share options vested.

1. Record these events in the general journal of OZ Ltd in accordance with the requirement of AASB 2 'Share-based Payment'

2. Outlining the disclosures that will need to be made in OZ Ltd's financial statements following the adoption of AASB 2 'Share-based Payment'.

 

Reference no: EM132625629

Questions Cloud

Power of meditation : Lynn Blakes, 39, a language test developer, has had three bouts of depression and says meditation helps prevent a relapse.
Summarize the relationship between influence and power : Explain power, and compare how it relates to leadership. Summarize the relationship between influence and power.
The challenges of good planning and forecasting : The challenges of good planning and forecasting in an extended value chain. Some tools that can be used to help with planning and forecasting
What are the key test measurement constructs of reliability : What are the key test measurement constructs of reliability and validity for Index of Sexual Satisfaction and the relationship intimacy questionnaire?
Record these events in the general journal of oz ltd : Record these events in the general journal of OZ Ltd in accordance with the requirement of AASB 2 'Share-based Payment'
Explain the legal statute that was examined in the case : Identify and explain the legal statute that was examined in this case and its relevance. Constitutional law was also a factor in the decision.
Philosophy of existentialism and psychology : Discuss your reflection on the film "Into the Wild" using the philosophy of existentialism and psychology.
What are the limits on walter mischel theory : What are the limits on Walter Mischel's theory? And does his theory address mental illness?
Analyze effect of domestic-international regulatory agencies : Analyze the effect of domestic and international regulatory agencies and court systems on business transactions and dispute resolution.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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