exam note corporate accounting
BAO 2203 Corporate Accounting
Final Exam Details Sem 2, 2014
Section A 20 Multiple Choice Questions 20 x 1mark = 20 Marks
Suggested time 36 minutes
Covers material from week 1 to 12 and includes both theoretical and practical questions.
Section B 3 Short answer questions (3 x 4 marks = 12 marks)
Suggested time 22 minutes
Refer to: Chapter 6, 27 and 32 from Deegan 7e
Section C 6 Practical Questions (68 marks)
Suggested time 122 minutes
1. Liquidation: (10 marks)
2. Business combinations: (14 marks)
3. Re-valuation of Non- current asset: (10 marks)
4. Consolidation: (8 marks)
5. Inter-entity transactions: (16 marks)
6. Equity accounting: (10 marks)
No worksheets are required for the consolidation question. Therefore use general journal entries. (No narrations)
There is a high failure rate for students who sit a “Special” Exam. I am not sure why? (Note special exams are only granted for exceptional circumstances)
Pass rate for exam Sem 2, 2013 78%
Pass rate for “Special Exam” Sem 2, 2013 22%
Do not use pencils and pen with red ink
You cannot take the exam paper with you when you have finished
Bring a non-programmable calculator to the exam
This is a CLOSE BOOK exam. No learning materials (lecture or tutorial notes, books including Accounting Hand books) are allowed in the exam.
Under no circumstances will results be released to students by e-mail, phone, etc. Check on the VU internet or with student administration to find out when you will receive your final grades.
You are eligible for a Supplementary Exam if you receive a mark between 45-49% for your final grade.
Ch6 revaluations and impairment testing of NCA
AASB 116 ppe
AASB 138 intangible assets
AASB 136 impairment of Assets
6.4. Pursuant to AASB 136 impairment of assets, AASB 116
Property, plant and Equipment and AASB 138 Intangible Assets, intangible assets and ppe shall not be disclosed in the financial statements at an amount in excess of their recoverable amount. Recoverable amount
Final Exam Details Sem 2, 2014
Section A 20 Multiple Choice Questions 20 x 1mark = 20 Marks
Suggested time 36 minutes
Covers material from week 1 to 12 and includes both theoretical and practical questions.
Section B 3 Short answer questions (3 x 4 marks = 12 marks)
Suggested time 22 minutes
Refer to: Chapter 6, 27 and 32 from Deegan 7e
Section C 6 Practical Questions (68 marks)
Suggested time 122 minutes
1. Liquidation: (10 marks)
2. Business combinations: (14 marks)
3. Re-valuation of Non- current asset: (10 marks)
4. Consolidation: (8 marks)
5. Inter-entity transactions: (16 marks)
6. Equity accounting: (10 marks)
No worksheets are required for the consolidation question. Therefore use general journal entries. (No narrations)
There is a high failure rate for students who sit a “Special” Exam. I am not sure why? (Note special exams are only granted for exceptional circumstances)
Pass rate for exam Sem 2, 2013 78%
Pass rate for “Special Exam” Sem 2, 2013 22%
Do not use pencils and pen with red ink
You cannot take the exam paper with you when you have finished
Bring a non-programmable calculator to the exam
This is a CLOSE BOOK exam. No learning materials (lecture or tutorial notes, books including Accounting Hand books) are allowed in the exam.
Under no circumstances will results be released to students by e-mail, phone, etc. Check on the VU internet or with student administration to find out when you will receive your final grades.
You are eligible for a Supplementary Exam if you receive a mark between 45-49% for your final grade.
Ch6 revaluations and impairment testing of NCA
AASB 116 ppe
AASB 138 intangible assets
AASB 136 impairment of Assets
6.4. Pursuant to AASB 136 impairment of assets, AASB 116
Property, plant and Equipment and AASB 138 Intangible Assets, intangible assets and ppe shall not be disclosed in the financial statements at an amount in excess of their recoverable amount. Recoverable amount