The solutions manual for advanced financial accounting 2 docx

... was £1000. The index stood at 100 at the beginning of the year and rose to 120 by the year end. Thus the real financial capital which has to be maintained is £1000 × 120 /100 = £ 120 0. The profit ... allowed by s. 26 5, the maximum dividend is the excess of the realised revenue profits over net unrealised revenue losses, i.e. 23 00 – (20 0 – 100) = 22 00, sub- ject to t...

Ngày tải lên: 21/06/2014, 04:20

... value in the financial statements for the year to 30 September 20 00. They wish to leave Property Two at its historical cost. They have no plans to revalue the other fixed assets of the company, ... difference is in the basis for arriving at current value. 1 12 Part 2 · Financial reporting in practice estimated life of the asset; the ‘total’ cost of the asset is th...

Ngày tải lên: 21/06/2014, 04:20

... measured at the lower of the cost of performance and the cost of release. In other words the relief value of the liability to the business is found from the formula- tion in Figure 7.1. This formulation ... in November 19 92 at a cost of £10m for the land and buildings (land element – £2m) and £5m for the plant. Asset lives were estimated at 50 years for the premise...

Ngày tải lên: 21/06/2014, 04:20

... end balance (iv) – (v) £££££ 1 100.0 20 .0 120 .0 18.0 1 02. 0 2 1 02. 0 20 .4 122 .4 18.0 104.4 3 104.4 20 .9 125 .3 18.0 107.3 4 107.3 21 .5 128 .8 18.0 110.8 5 110.8 22 .2 133.0 133.0* – * Interest 18.0 + ... Accounting The objective of any standard based on FRED 23 , issued in May 20 02, would be to establish principles for the use of hedge accounting when accounting...

Ngày tải lên: 21/06/2014, 04:20

... Total ££££ 20 X1 22 539 22 539 20 X2 24 793 22 54 27 047 20 X3 27 778 3967 20 02 33747 20 X4 30 000 6667 36 667 Total 120 000 The expected rate of return on assets and the differences between the expected ... returns on assets for 20 X1 20 X2 20 X3 20 X4 the year £££ £ Opening balance – 21 353 45 4 12 78 693 12% on opening balance – 2 5 62 5 449 9443 Contributi...

Ngày tải lên: 21/06/2014, 04:20

... £000 £000 20 X1 (1 machine) 76 125 49 15 15 20 X2 (2 machines) 1 52 219 67 20 35 20 X3 (3 machines) 22 8 28 9 61 18 53 20 X4 (4 machines) 304 3 42 38 11 64 20 X5 (5 machines) 380 380 – – 64 20 X6 (5 machines) ... 25 Segmental reporting. The segmental information for the year ended 30 June 20 02 is given below: Chapter 11 · Reporting financial performance 327 Europe Ame...

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... December 1997 (25 marks) 12. 2 The problem of accounting for deferred taxation is one that has been on the agenda of the Accounting Standards Board for some time. In December 20 00, the Accounting ... those of the other are shown at their historical cost values? Why should we recognise goodwill for one company but not for the other? A further criticism could be mad...

Ngày tải lên: 21/06/2014, 04:20

... practice. 20 FRS 2, Para. 78e. 21 FRS 2, Paras 27 – 32. 22 This carrying value may be the cost of the investment if the restriction existed at the date of acquisition (FRS 2, Para. 27 ). 23 Certain other ... brought forward 22 8 000 +4 000 23 2 000 –––––––– –––––––– Retained profits carried forward 27 2 400 27 2400 –––––––– –––––––– –––––––– –––––––– 1 – 2 } } Chap...

Ngày tải lên: 21/06/2014, 04:20

... 1) 120 0 Tangible assets 25 000 22 000 20 000 Investments (Note 2) 23900–– –––––– –––––– –––––– 48900 22 000 21 200 Current assets: Stocks 8000 7000 7 500 Debtors (Note 3)8500 720 0 7400 Cash 900 600 500 –––––– ... amounts, together with the effects of including them, as additional information to its own financial statements. In the former case, the treatment will be as illustra...

Ngày tải lên: 21/06/2014, 04:20