advanced financial accounting 7th edition 9 doc

advanced financial accounting 7th edition_9 doc

... Financial reporting in practiceTable 11.1 Illustration of profit and loss account format under FRS 3Continuing operations Discontinued Total TotalAcquisitions operations 199 3 199 3 199 3 199 3 ... and Related Information, June 199 7.11See 98 Financial Reporting Council, Annual Review, 199 8, p. 47. Available on the FRC website, www.frc.org.uk.316 Part 2 · Financial reporting in practiceThe ... ContinuedRequired Note: 199 3 199 2 (as restated)Continuing Dis- Total Continuing Dis- Totalcontinued continued£ million £ million £ million £ million £ million £ millionTurnover 500 190 690 ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––Cost...

advanced financial accounting 7th edition_11 doc

... securities 199 1 506 10 434 7 278 3 034 121 199 2 432 5 94 1 3 772 2 122 47 199 3 526 7 063 5 690 1 162 211 199 4 674 8 2 69 5 302 2 823 144 199 5 505 32 600 25 524 6 617 4 59 199 6 584 30 742 19 551 10 92 6 265 199 7 ... 4 59 199 6 584 30 742 19 551 10 92 6 265 199 7 506 26 8 29 10 92 3 15 583 323 199 8 635 29 525 15 7 69 13 160 595 199 9 493 26 163 16 220 9 592 3512000 587 10 691 6 40074 65 570 1 272Business combinations ... Assets ( 199 7)● FRS 11 Impairment of Fixed Assets and Goodwill ( 199 8) ● IAS 22 Business Combinations (revised 199 8)● IAS 36 Impairment of Assets ( 199 8)● IAS 38 Intangible Assets ( 199 8)Business...

advanced financial accounting 7th edition_15 docx

... 199 0 10 2.430 September 199 2 9. 5 2.030 September 199 3 9 1.730 September 199 7 10 1.631 March 199 8 10.5 1.731 August 199 8 11 1.830 September 199 8 12 1.8Requirements(a) Explain how the financial ... follows:Kroner to £11 January 198 5 1030 June 199 1 10.530 September 199 1 1031 December 199 1 9. 5Average for 199 2 830 June 199 2 830 September 199 2 7.531 December 199 2 7In determining the appropriate ... (revised 199 6)● IAS 7 Cash Flow Statements (revised 199 2)● ASB Statement Operating and Financial Review ( 199 3)● ED Revision of the Statement Operating and Financial Review (2002)The Accounting...

advanced financial accounting 7th edition_3 pdf

... cost accounting by current cost accounting as the mainbasis of accounting have failed, the debate has had a considerable impact on financial accounting practice. During the 197 0s and 198 0s, ... coterminous accounting period declares a dividend after the endof the holding company’s year end. (10 marks)ACCA, Advanced Financial Accounting, December 199 2 (20 marks)72 Part 1 · The framework of financial ... as on 30 June 198 5, as set out below with relevant additional information. 90 Part 1 · The framework of financial reporting4.4 The balance sheet of Omega as at 30 September 199 2 contained the...

advanced financial accounting 7th edition_4 pptx

... (revised 199 3)● FRED 28 Inventories and Construction and Service Contracts (2002)● IAS 18 Revenue (revised 199 3)● SSAP 13 Accounting for Research and Development (revised 198 9)● SSAP 4 Accounting ... the two locations for the year to 30 September 199 8, stating clearly the reasons foryour answers. (9 marks)CIMA, Financial Reporting, November 199 7 (20 marks)Chapter 5 · Assets I 125In general ... 29, the latter adopts the inferior approach. The two areas areRenewals accounting and Charges in the estimates of residual values.Renewals accounting FRED 29 makes no reference to renewals accounting, ...

advanced financial accounting 7th edition_6 ppt

... of Transactions ( 199 4, amended 199 8)● SSAP 21 Accounting for Leases and Hire Purchase Contracts ( 198 4, amended 199 7)● IAS 17 Leases (revised 199 7)● G4+1 Discussion Paper Accounting for Leases: ... balance(iv) – (v)£££££1 88.0 17.6 105.6 16.0 89. 62 89. 6 17 .9 107.5 16.0 91 .53 91 .5 18.3 1 09. 8 16.0 93 .84 93 .8 18.8 112.6 16.0 96 .65 96 .6 19. 4* 116.0 116.0†–* Includes rounding adjustment. ... 20(2 .99 06) – 100(0.40 19) = +100 – 59. 8 – 40.2 = 0B +88 – 16a5– 100v5= +88 – 16(2 .99 06) – 100(0.40 19) = +88 – 47.8 – 40.2= 0C +100 – 18a5– 115v5= +100 – 18(2 .99 06) – 115(0.40 19) =...

advanced financial accounting 7th edition_7 pdf

... ( 495 4)1 Jan X2 2000 2868 (86)31 Dec X2 (11) (97 )1 Jan X3 2000 (1000) 90 331 Dec X3 45 94 81 Jan X4 2000 (1000) 194 831 Dec X4 98 20461 Jan X5 (1023) 102331 Dec X5 52 10751 Jan X6 (10 49) ... the financial statements. (8 marks)ACCA, Accounting and Audit Practice, December 199 4 (25 marks) 9. 4 FRS 5 – Reporting the Substance of Transactions – requires that a reporting entity’s financial statements ... 344800 27 584 37238420X11Jan–30 June 372 384 55200 317184 25 375 3425 59 20X21July–31 Dec 342 5 59 55200 2873 59 22 98 9 31034820X21July–31 Dec 310 348 55200 255148 20 142 27556020X3The finance...

advanced financial accounting 7th edition_10 pptx

... of turnover for the year by geographical segmentUK US Rest of Europe Total 199 7 199 6 199 7 199 6 199 7 199 6 199 7 199 6£000 £000 £000 £000 £000 £000 £000 £000Total sales 15000 20000 10000 8 000 ... profit before tax for the year by geographical segmentUK US Rest of Europe Total 199 7 199 6 199 7 199 6 199 7 199 6 199 7 199 6£000 £000 £000 £000 £000 £000 £000 £000Segment profit 3 000 6000 1500 1200 ... (90 0)–––––– ––––––Profit before taxation 90 00 1 090 0–––––– ––––––Note 3 Analysis of net assets at end of year by geographical segmentUK US Rest of Europe Total 199 7 199 6 199 7 199 6 199 7 199 6...

advanced financial accounting 7th edition_17 pdf

... marks)ACCA, Financial Reporting Environment, June 199 6 (20 marks)18.5 The Collapsible Chair Company Limited was incorporated in 197 2 and traded profitablyuntil the 199 0s. During the early 199 0s the ... and that it could be made operational in 199 1 for a capital outlay of £75 000. The directors had been building up a short-terminvestment during 198 9– 199 0 to cover this capital outlay.The production ... will be fair to all relevant parties. (5 marks)ACCA, Advanced Financial Accounting, June 199 2 (30 marks)18.7 Aztec plc was incorporated in 196 8 as an importer of silver artefacts from South Americawhich...

advanced financial accounting 7th edition_19 pptx

... 110/100 £ 39 600less Opening stock,£6000 × 110 /90 7 333Purchases,£30 000 × 110/100 33 000–––––––40 333less Closing stock, 90 000 × 110/100 9 900 30433––––––– –––––––Gross profit 9 167less ... 2200Debtors 2640Cash 1100–––––– 95 90Assets available at the end ofthe monthFixed assets 3500Stock 2200Debtors 2400Cash 90 0 90 00–––––– ––––––Shortfall 590 ––––––––––––The shortfall can ... Topeka, Kans., 197 0. 9 P.N. McMonnies (ed.), Making Corporate Reports Valuable, Institute of Chartered Accountants of Scotland andKogan Page, London, 198 8.10Op. cit., Para. 9. 9.11Modernising...

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