Preview

Corporate Reporting: Course Notes

Satisfactory Essays
Open Document
Open Document
87765 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Corporate Reporting: Course Notes
Corporate Reporting
Paper P2 (International) Course Notes ACP2CN07 (INT)

P2 Corporate Reporting (International) Study Programme
1 2 3 4 5 6

Page Introduction to the paper and the course............................................................................................................... (ii) The financial reporting framework .............................................................................................................. 1.1 Professional and ethical duty of the accountant .......................................................................................... 2.1 Home study chapter: Environmental and social reporting ........................................................................... 3.1 Non-current assets ...................................................................................................................................... 4.1 Employee benefits....................................................................................................................................... 5.1 Income taxes ............................................................................................................................................... 6.1 Home Study Progress test 1

End of Day 1 – refer to Course Companion for 7 8 9 10 11

Financial instruments................................................................................................................................... 7.1 Share-based payment ................................................................................................................................. 8.1 Provisions, contingencies and events after the balance sheet date............................................................ 9.1 Related parties .......................................................................................................................................... 10.1
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Course Project, Notes to Consolidated Financial Statements
    • 1333 Words
    • 6 Pages

    Course Project, Notes to Consolidated Financial Statements

    All of our merchandise on our website is recorded at cost or fair value, whichever is lower. The salvage motorcycle inventory is recorded at cost. We value our inventory using the average method. If the motorcycle is considered “unsellable”, it becomes disassembled and sold for parts. All parts received from motorcycles that have been disassembled are not recorded because the cost has already been recorded from the original purchase. The motorcycle would be written off as a loss on net income and all sales from the parts are considered gains and are stated on net…

    • 1333 Words
    • 6 Pages
    Good Essays
    Read More
  • Powerful Essays

    Accounting Annual Report Project
    • 1724 Words
    • 5 Pages

    Accounting Annual Report Project

    Hooker Furniture Corporation is a growing furniture company in today’s industry and current economic circumstances. This company was incorporated in Virginia in 1924, and is ranked among the nation’s largest publicly top 10 furniture sources. Paul B. Toms Jr. has been Chairman and Chief Executive Officer for Hooker Furniture Corporation since 2000 and has also been with the company since 1983. The Hooker Furniture Corporation home office is located in Martinsville, VA. This company offers wood furniture, metal furniture, and upholstered furniture products. Including home entertainment, home office, accent, dining, bedroom, and bath furniture under the Hooker furniture brand. They also offer youth furniture under the Opus Designs by Hooker Brand. The Hooker Furniture Corporation’s principal customers consist of retailers of residential home furnishings that are broadly dispersed throughout the United States. Their customers also include home furniture retailers in Canada and in more than 20 other countries internationally. Meaning the main geographic area of activity is worldwide.…

    • 1724 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Accounting Primer
    • 2163 Words
    • 9 Pages

    Accounting Primer

    The University Tools Primer is designed to familiarize you with the myriad of tools provided by the University of Phoenix to assist in your success. For example, did you know that the University of Phoenix Library contains thousands of up-to-date journals, newspapers, industry reports, and research databases? This University Tools Primer sends you on a search to answer 14 questions similar to the following question:…

    • 2163 Words
    • 9 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Kermsis G. F. And Kermis M. D.
    • 414 Words
    • 2 Pages

    Kermsis G. F. And Kermis M. D.

    Kermis G.F. and Kermis M.D. stresses that “Accountants’ failure to reflect ethically on the dilemmas they encounter in their work may lead them to make wrong decisions” (Senaratne, 2013). For this reason, ethics guides accountants and other makers of the corporation’s financial reports to include findings and data based on relevant sources. Top managers directed by ethical values develop effective leadership skills as well (Duggar, 2011). In this case, employees respect, trust and believe in them. Thus, it will lead to accountable financial statements that the corporation can use to make better decisions for the sake of the business in the distant future. These financial statements can be beneficial to other professional and to some practicing accountants as well.…

    • 414 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Corporate Reporting
    • 1569 Words
    • 7 Pages

    Corporate Reporting

    I have read and understand the Rules relating to Awards (Rule 3.17) as contained in the University Handbook.…

    • 1569 Words
    • 7 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Intermediate Accounting Chapter 2
    • 18492 Words
    • 74 Pages

    Intermediate Accounting Chapter 2

    Topics 1. 2. 3. 4. 5. 6. Conceptual framework– general. Objectives of financial reporting. Qualitative characteristics of accounting. Elements of financial statements. Basic assumptions. Basic principles: a. Measurement. b. Revenue recognition. c. Expense recognition. d. Full disclosure. Accounting principles– comprehensive. Constraints. Assumptions, principles, and constraints. 28, 29, 30 10 11 Questions 1, 7 2 3, 4, 5, 6, 8 9, 10, 11 12, 13, 14 15, 16, 17, 18 19, 20, 21, 22, 23 24 25, 26, 27 1, 2, 3, 4 6, 11, 13 5, 7 8, 9, 12 8 8, 12, 8, 12 1, 2 2, 3, 4 5 6, 7 6, 7 7 6, 7 6, 7, 8 9, 10 3, 6, 7 6, 7 12 5, 6 5, 6 5, 6, 7, 8, 9, 11 11 Brief Exercises Exercises Concepts for Analysis 1, 2 3 4, 10…

    • 18492 Words
    • 74 Pages
    Powerful Essays
    Read More
  • Good Essays

    Reporting Practices and Ethics Paper
    • 996 Words
    • 4 Pages

    Reporting Practices and Ethics Paper

    This paper is about information that will address financial reporting practices and ethics. It will address four financial management functions, summaries that accept accounting principles by generally accepted accounting principles (GAAP).It will also give an example from an article that has reflected ethical standards of conduct and financial reporting.…

    • 996 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Financial Statements and Accounting Standards
    • 1210 Words
    • 5 Pages

    Financial Statements and Accounting Standards

    2. The two main types of companies permitted to be registered under the Corporations Act are:…

    • 1210 Words
    • 5 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    corporation law report
    • 848 Words
    • 4 Pages

    corporation law report

    Under RR249X(1) if a shareholder is entitled to vote, they are entitled to appoint a proxy. This RR is mandatory for public companies. Note that a company must receive proxy forms 48 hrs before a meeting. If meetings procedure such as this is not followed, the proxy’s vote may be disallowed under s250B(1).…

    • 848 Words
    • 4 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Deontological Ethics: American Institute Of Certified Public Accountants
    • 1629 Words
    • 7 Pages

    Deontological Ethics: American Institute Of Certified Public Accountants

    The special responsibility of self-governance is admonished for the members of a group. The second article reminds the professionals the main reason of the accounting professional in states that the accountants are only responsible for serving the interests of the public and that is their main priority. The article further clarifies that public interests refer to the interests of the investors, governments, credit grantors, employees, business and financial community and the clients. Furthermore, this also includes all those who rely on the services of the financial accountants, and these accountants are obligated to rely on integrity and objectivity to perform their duties and to main orderly functioning of commerce. The accountants are obligated to be dedicated towards professional excellence as the public relies on accountants. The accountants should also act with integrity as highlighted by Article III. All work done by the accountant should be without deception and completely honest. The obligation of client confidentiality is extremely important, and it should never be compromised by the accountant. Deontologists’ ethical practice is applied here that highlights that betraying confidentiality is wrong no matter how much happiness can be maximized by breaching it (Armstrong et al. 2003). All those acting with integrity will keep…

    • 1629 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Financial Reporting: Course Outline
    • 1175 Words
    • 5 Pages

    Financial Reporting: Course Outline

    Course Outline ACCO 310/1 Financial Reporting I Summer 2013 Session 2 General Information Course Number: ACCO 310 3 credits | | | | | | |Section |Professor Robert B. Campbell | | | | |Summer Term 2 | | | | |CA/CB |Campbell, Robert | | | | | | | | | | | | | | | | | | | | | | | | | | | Your individual instructor will inform you with their chosen contact information for the term ACCO 310 At-a-glance | | | CLASS |TOPIC |…

    • 1175 Words
    • 5 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Financial Report
    • 3543 Words
    • 15 Pages

    Financial Report

    2. Detailed solution will be found on the CLEW at 5:00 pm on Feb. 26…

    • 3543 Words
    • 15 Pages
    Powerful Essays
    Read More
  • Good Essays

    Generally Accepted Auditing Standards Paper
    • 904 Words
    • 4 Pages

    Generally Accepted Auditing Standards Paper

    of financial reporting, (8 ed.). John Wiley & Sons, Inc. Retrieved February 5, 2011, from…

    • 904 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    What Are The Four Most Important Financial Statements A
    • 862 Words
    • 3 Pages

    What Are The Four Most Important Financial Statements A

    Much success in today’s business world is tied in with numbers in the form of accounting and financial statements. Being able to understand and properly read these statements is a critical component in truly knowing a business and properly assessing its overall financial performance. Financial reporting is the issuance of written documents in the form of the financial statements by the companies to the shareholders, stakeholders and other interested parties. 'The objective of these financial statements is to provide information about the reporting entity's financial performance and position that is useful to the wide range of users for assessing the stewardship of the entity's management and for making economic decisions. 'To be 'useful,' this information must be 'represented faithfully, should be complete, prudent and free from material errors at least.' The purpose of imposing regulations on accounting practices and setting standards is to fulfil the objectives of financial statements.…

    • 862 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Islamic Banking Sell and Buy Back Agreement
    • 2872 Words
    • 12 Pages

    Islamic Banking Sell and Buy Back Agreement

    10. Minimum Value of Transaction...........................................................................8 11. Computation of Proceeds....................................................................................8 12. Settlement Procedures .........................................................................................9 13. Accounting Treatment ..........................................................................................9 14. Unexpected Holiday ..............................................................................................9 15. Pre mature of promise…

    • 2872 Words
    • 12 Pages
    Powerful Essays
    Read More

Related Topics