advanced financial accounting 7th edition 15 docx
advanced financial accounting 7th edition_15 docx
... method. (4 marks)
ACCA, Advanced Financial Accounting, June 1993 (30 marks)
16.5 The balance sheets of UK plc and its subsidiaries France SA and US Inc at 30 September
1998 (the accounting date for ... Statements (revised 1992)
● ASB Statement Operating and Financial Review (1993)
● ED Revision of the Statement Operating and Financial Review (2002)
The Accounting Standards Board...
advanced financial accounting 7th edition_3 pdf
... 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...
advanced financial accounting 7th edition_4 pptx
... 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...
advanced financial accounting 7th edition_6 ppt
... 23 Financial Instruments: Hedge Accounting (2002)
● FRS 13 Derivatives and other Financial Instruments: Disclosure (1998)
● FRED 30 Financial Instruments: Disclosure and Presentation and Financial ... capital leases or sales
type leases.
178 Part 2 · Financial reporting in practice
financial instruments, that includes both financial liabilities and financial assets. We will...
advanced financial accounting 7th edition_7 pdf
... 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...
advanced financial accounting 7th edition_9 doc
... are:
296 Part 2 · Financial reporting in practice
Segmental reporting
The financial statements of a company and the consolidated financial statements of a group
summarise the results and financial position ... both standards.
19
Part B Extending the financial reporting envelope
Accounting for post balance sheet events
One of the desirable characteristics of accounting reports d...
advanced financial accounting 7th edition_10 pptx
... Deferred Tax Accounting, ICAEW, London, 1985.
P. Weetman (ed.), SSAP 15 Accounting for Deferred Taxation, ICAS, Edinburgh, 1992.
In addition to the above, readers are referred to the latest edition ... 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 24.
Chapter...
advanced financial accounting 7th edition_11 doc
... 7500
Plant and equipment 52000 13000
Investments 66000 66000
––––––– –––––––
151 500 86500
––––––– –––––––
Current assets 150 00 150 00
Creditors: Amounts falling due within one year
Creditors (13500) ... equity method of accounting. The
equity method, discussed in Chapter 15, is based on the principles of acquisition accounting
and is therefore incompatible with the use of merger acc...
advanced financial accounting 7th edition_17 pdf
... n/a
Debenture holders 1460 250 156 1 215. 625 265.625
Trade creditors 930 – 1000 n/a n/a
Preference shareholders – 250 186 28.125 78.125
Ordinary shareholders – 500 373 56.250 156 .250
Chapter 18 · Capital ... assets (150 0 + 180 – 180) 150 0
–––––
–––––
Share capital (1000 + 90 – 100) 990
Share premium (200 + 90 – 20) 270
–––––
(Permanent capital) 1260
Distributable profits (300 – 60) 240...
advanced financial accounting 7th edition_19 pptx
... is
actually disclosed by financial statements. Thus, it is suggested that the use of NRV
would go some way to reducing the ‘expectation gap’ in financial reporting.
15
(b) The use of current ... 780
––––– –––––
Vehicles and equipment
Cost 400 440
Acc. depr. 250 150 300 140
––––– –––––
Investments, cost 200 200
––––– –––––
1150 1120
Current assets
Work-in-progress 30 310
Trade debtors...