advanced financial accounting 7th edition 20 pptx

... in answer to requirement (b) (i) above. (6 marks) CIMA, Financial Accounting – UK Accounting Standards, November 200 2 (20 marks) 5.8 (a) Accounting practices for fixed assets and depreciation ... Management, 200 1. W.T. Baxter, ‘Depreciation and interest’, Accountancy, October 200 0. B. Lev, ‘Rethinking accounting – Intangibles at a cross road: what’s next?’, Financial Execut...

Ngày tải lên: 20/06/2014, 18:20

... calculated as follows (£000): 20X1 (200 0 – 125) = 1875 × 30% = 562 20X2 (200 0 – 94) = 1906 × 30% = 572 20X3 (200 0 – 70) = 1930 × 30% = 579 20X4 (200 0 – 53) = 1947 × 30% = 584 20X5 (200 0 – 38) = 1962 × ... Depreciation Timing difference £££ 20X1 2500 1125 1375 20X2 1875 1125 750 20X3 1406 1125 281 20X4 1055 1125 (70) 20X5 791 1125 (334) 20X6 593 1125 (532) 20X7 445 1125 (680) 20X8 335 112...

Ngày tải lên: 20/06/2014, 18:20

... cost profit and loss account for the month of January 20X2 ££ Sales 2400 Cost of goods sold: Historical cost 200 0 COSA 200 2200 –––– ––––– 200 Depreciation: Historical cost 100 Depreciation adjustment ... historical cost balance sheets as at 1.1.20X2 and 31.12.20X2 and its profit and loss account for the year ended 31.12.20X2 are shown below: Balance sheets 1.1.20X2 31.12.20X2 £000 £000...

Ngày tải lên: 20/06/2014, 18:20

... assets Equipment 5000 200 0 9757 –––––– 1025 Depreciation (200 0) 200 0 (3903) ––––– 1025 New equipment 500 200 0 552 ––––– 1813 Depreciation (50) 200 0 (55) ––––– 1813 Current assets Stock 900 200 0 929 ––––– 1938 Debtors ... Current Cost Accounting, 622, 623 ED 19 Accounting for Deferred Taxation, 348 ED 21 Accounting for Foreign Currency Transactions, 477, 488 ED 24 Current Cost...

Ngày tải lên: 20/06/2014, 18:20

... 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 · The framework of financial ... 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...

Ngày tải lên: 20/06/2014, 18:20

... should be recognised in the balance sheet. (4 marks) CIMA, Financial Accounting – UK Accounting Standards, May 200 2 (20 marks) 206 Part 2 · Financial reporting in practice Introduction The vast majority ... 23 Financial Instruments: Hedge Accounting (200 2) ● FRS 13 Derivatives and other Financial Instruments: Disclosure (1998) ● FRED 30 Financial Instruments: Disclosure a...

Ngày tải lên: 20/06/2014, 18:20

... 000 5 5200 344800 27 584 372384 20X1 1Jan–30 June 372 384 5 5200 317184 25 375 342559 20X2 1July–31 Dec 342 559 5 5200 287359 22 989 310348 20X2 1July–31 Dec 310 348 5 5200 255148 20 142 275560 20X3 The ... depreciated over the term of the lease as follows: £ Depreciation 20X1 40 000 20X2 80 000 20X3 80 000 20X4 80 000 20X5 80 000 20X6 40 000 –––––––––– £400 000 –––––––––– –––––––––– A summ...

Ngày tải lên: 20/06/2014, 18:20

... 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 ... May 200 2. Chapter 11 · Reporting financial performance 295 Post-FRED 22 developments As at January 200 3, the ASB was still engaged on a joint project with IASB in the a...

Ngày tải lên: 20/06/2014, 18:20

... £1.20p P/E ratio 15 12 Let us suppose that company A issues 80 000 shares valued at £ 120 000 (80 000 at £1.50) in exchange for 100 000 shares in company B valued at £ 120 000 (100 000 at £1 .20) . ... Release Bulletin number 25, January 200 2. Questions 13.1 Accounting standards should narrow differences in reporting yet acquisition accounting and merger accounting result in signific...

Ngày tải lên: 20/06/2014, 18:20

... machinery £000 £000 Cost On 1 January 20X2 1000 200 0 Additions 440 720 Disposal (60) – ––––– ––––– On 31 December 20X2 1380 2 720 ––––– ––––– Depreciation On 1 January 20X2 200 900 Disposal (10) – Profit ... as follows: 31.12.20X1 31.12.20X2 £000 £000 Corporation tax payable 80 95 Value added tax 75 110 –––– –––– 155 205 –––– –––– –––– –––– (v) Long-term loans 31.12.20X1 31.12.20X2 £0...

Ngày tải lên: 20/06/2014, 18:20