What is reporting currency, Financial Accounting

Assignment Help:

1. What accounting firm performed the audit of Zetar's financial statement?

2. What is the address of the company's corporate headquarters?

3. What is the company's reporting currency?

4. What two segments does the company operate in, and what were the sales for each segment in the year ending April 30, 2011?

5. Identify five differences in the format of the statement of financial position used by Zetar Plc company to a company, such as Tootsie Roll, that follows US GAAP. Tootsie Roll's Financial Statements are posted on Vspace as an attachment to this assignment.

6. Describe in which statement each of the following items is reported, and the position in the statement (e.g., current assets) it is reported in.

  • Share capital
  • Goodwill
  • Borrowings and overdrafts
  • Amortization of intangibles
  • Derivative financial instruments

7. From your review of note 3.7, how does the company determine the amount of revenue to record at the time of a sale?

 


Related Discussions:- What is reporting currency

Effect of discharge-discharge of bankrupt, Effect of discharge An order...

Effect of discharge An order of discharge releases the bankrupt from all disabilities imposed by the bankruptcy (except those which apply for a fixed period after discharge - s

The optimal distribution policy strikes, The optimal distribution policy st...

The optimal distribution policy strikes that balance between current dividends and capital gains that maximizes the firm's stock price

Calculate the loss suffered by the shareholders, In June 2004, Feltex Carpe...

In June 2004, Feltex Carpets Limited raised NZ $254 million in an initial public offering. Twenty seven months later the company was in receivership, its share price having collaps

Preparation and presentation of financial statements, PREPARATION AND PRESE...

PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS OF LIMITED COMPANIES This is a chapter dealing with company financial statements, a topic frequently examined. Do not be

Statement of owner''s equity , Prepare an income statement and statement of...

Prepare an income statement and statement of owner's equity  (month ended Mar,31 1995) Auto remair fee earned            37,300 Salaries Expense                    11500 Repair par

Find out the constant nominal interest rate, You decide to invest 1000 in a...

You decide to invest 1000 in a 5-year Treasury Inflation protected bond that each year offers a return of -1.5% plus the rate of inflation. You assume 1-year inflation rates over t

Define the 401 plan, Q. Define the 401 Plan? 401(k) Plan - EMPLOYEE BEN...

Q. Define the 401 Plan? 401(k) Plan - EMPLOYEE BENEFIT PLAN authorized by INTERNAL REVENUE CODE section 401(k), whereby an employer establishes an account for every participati

Prepare tally & co.''s journal, Tally & Co. incurred a pretax operating los...

Tally & Co. incurred a pretax operating loss of $100,000 in its first year of operations for both financial reporting and income tax purposes. However, it expects to be profitable

Stock splits stock dividends, Q. Stock dividends and stock splits have the ...

Q. Stock dividends and stock splits have the following effects on retained earnings: Stock Splits Stock Dividends a. Increase No change b. No change Decrease c. Decrease Decrease d

Write Your Message!

Captcha
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