Reference no: EM132710384

Q1: FINANCING COMPANY OPERATIONS
You should be prepared to write the journal entries to record the issuing of shares via IPO, the forfeiture and reissue. (Please review TOPIC 4 Lecture examples* and PRACTICE SET: EXERCISE 13.11)
Q2: PPE REVALUATION
You should be prepared to write the journal entries to record the PPE revaluation increment and/or decrement. (Please review TOPIC 7 Lecture examples and practice set questions) Ignore the Tax.
Q3 : IMPAIRMENT OF THE ASSETS 10 MARKS
You should be prepared to write the journal entries for any impairment loss according to AASB 136. (Please review TOPIC 9 Lecture example* and PRACTICE SET: EXERCISE 7.7 & 7.9)
Q4: CONSOLIDATION: INTRA-GROUP TRANSACTIONS
You should be prepared to write the consolidation journal entries that are necessary to eliminate/adjust the financial effects from transactions between a parent company and its subsidiary. The transactions may include the following: (a) Management fees. (b) Dividends. (c) Issue of debentures/ intra-group borrowings (d) Sale of inventory in prior year with unrealised profit in opening inventory (e) Sale of inventory current year with no unrealised profit. (f) Sale of inventory current year with unrealised profit in closing inventory. (g) Sale of land in current year or prior year with unrealised profit. (h) Sale of plant in current year or prior year with unrealised profit. (Please review TOPIC 13 Lecture example* and PRACTICE SET: EXERCISE 28.1, 28.3, 28.5 and 28.6)
Q5: NCI ENTRIES ON CONSOLIDATION WORKSHEET
You should be prepared to determine the ownership interests in the subsidiaries and write entries for the following: (Focus on Partial Goodwill method) (a) NCI in equity at the date of acquisition for each subsidiary (step 1). (b) NCI in the change in equity to the beginning of current year for each subsidiary (step 2). (c) NCI in profits and dividends of the current year for each subsidiary (step 3). (Please review TOPIC 14 & 15 Lecture example* and PRACTICE SET: EXERCISE 30.1 & 30.3)
Q6: CASE STUDY
Type1: Based on the case, you should be prepared to discuss whether the investor and invest in the case have parent-subsidiary relationship according to AASB10. (Please review
TOPIC 11 Lecture example* and PRACTICE SET: EXERCISE ) Type2: Based on case, you should be prepared to discuss whether theses post balance events as either adjusting or non-adjusting events after the end of the reporting period. And prepare the necessary journal entries or note disclosures to comply with the requirements of AASB 110. (Please review Topic 3 PRACTICE SET: EXERCISE)
Q7: MULTIPLE CHOICE QUESTIONS
10 MCQs: Only including the theory questions from Topic 6, 8 , 10 & 16 (Please review the lecture slide and selected comprehension questions in the practice set)

Note: students can use abbreviation for BCVR, NCI, ARS, Acc. Dep'n , Dep'n exp. Transfer From BCVR, DTA, DTL, ITE, and RE in the final exam.