advanced financial accounting 7th edition 11 doc

... 6.19. Chapter 11 · Reporting financial performance 293 time, adds to the greater clarity of financial statements and indicates the fact that far less emphasis is now being given to realisation in financial ... net assets. 15 SSAP 25, Para. 41. Chapter 11 · Reporting financial performance 311 Two or more parties are related parties when at any time during the financial period: (...

Ngày tải lên: 20/06/2014, 18:20

... Carrying value Tax value Buildings 500 300 100 Plant and equipment 40 30 15 Stock 124 114 114 Debtors 110 110 110 Retirement benefit liability (60) (60) – Creditors (105) (105) (105) –––– –––– –––– 609 ... transaction and in past transactions, had to be in the form of voting equity shares. 11 10 SSAP 23, Para. 11. 11 As we shall see below, this last condition has been tightened co...

Ngày tải lên: 20/06/2014, 18:20

... Country plc 117 000 Overseas Inc. 110 000 227 000 –––––––– less Taxation Home Country plc 60 000 Overseas Inc. 50 000 110 000 –––––––– –––––––– 117 000 less Minority interest, 20% of ( 110 000 – ... (i)): Freehold properties 800 114 0 340 Plant and machinery 110 0 1400 300 Investments at cost 100 110 10 ––––– ––––– ––––– 2000 2650 650 ––––– ––––– Current assets Stock 110 0 1680 580 De...

Ngày tải lên: 20/06/2014, 18:20

... to replace historical cost accounting by current cost accounting as the main basis of accounting have failed, the debate has had a considerable impact on financial accounting practice. During ... coterminous accounting period declares a dividend after the end of the holding company’s year end. (10 marks) ACCA, Advanced Financial Accounting, December 1992 (20 marks) 72 Part 1...

Ngày tải lên: 20/06/2014, 18:20

... in answer to requirement (b) (i) above. (6 marks) CIMA, Financial Accounting – UK Accounting Standards, November 2002 (20 marks) 5.8 (a) Accounting practices for fixed assets and depreciation ... of accounting has produced wider differences in practice than the computation of the amount at which stocks and work in progress are stated in financial accounts. This statement of standa...

Ngày tải lên: 20/06/2014, 18:20

... 18.0 110 .8 5 110 .8 22.2 133.0 133.0* – * Interest 18.0 + Redemption price 115 .0. 190 Part 2 · Financial reporting in practice Hedge accounting comes into play when the application of the normal accounting ... 23 Financial Instruments: Hedge Accounting (2002) ● FRS 13 Derivatives and other Financial Instruments: Disclosure (1998) ● FRED 30 Financial Instruments: Disclosure...

Ngày tải lên: 20/06/2014, 18:20

... marks) CIMA, Financial Reporting – UK Accounting Standards, November 2001 (20 marks) 9.3 Financial Reporting Standard 5 Reporting the Substance of Transactions requires an entity’s financial statements ... adopted for accounting for operating leases and finance leases and, in detail, the policy for accounting for finance lease income; (b) the aggregate rentals receivable in respec...

Ngày tải lên: 20/06/2014, 18:20

... Timing difference £££ 20X1 2500 112 5 1375 20X2 1875 112 5 750 20X3 1406 112 5 281 20X4 1055 112 5 (70) 20X5 791 112 5 (334) 20X6 593 112 5 (532) 20X7 445 112 5 (680) 20X8 335 112 5 (790) ––––– ––––– –––– 9000 ... recent edition is the 7th edition, edited by A. Wilson, M. Davies, M. Curtis and G. Wilkinson-Riddle, published by Butterworths Tolley in 2001. The relevant chapter is...

Ngày tải lên: 20/06/2014, 18:20

... 2600 –––––––– 526000 –––––––– 119 2900 Current liabilities Creditors (303240) Overdraft (270480) –––––––– (573720) –––––––– Non-current liabilities 10% debentures (208000) –––––––– Capital employed 4111 80 –––––––– –––––––– Capital ... to the directors how the scheme will be fair to all relevant parties. (5 marks) ACCA, Advanced Financial Accounting, June 1992 (30 marks) 18.7 Aztec plc...

Ngày tải lên: 20/06/2014, 18:20

... assets 9 850 9 850 Cash 1 195 320 ––––––– ––––––– 11 045 10 170 Additional cash generated by fresh borrowings 295 117 0 ––––––– ––––––– 11 340 11 340 ––––––– ––––––– ––––––– ––––––– Share capital ... Dec) Workings Sales, 36 000 × 110 /100 £39 600 less Opening stock, £6000 × 110 /90 7 333 Purchases, £30 000 × 110 /100 33 000 ––––––– 40 333 less Closing stock, £90 000 × 110 /100 9 900...

Ngày tải lên: 20/06/2014, 18:20