198 Accounting Standard (AS) 14 (issued 1994) Accounting for Amalgamations Contents INTRODUCTION Definitions EXPLANATION Types of Amalgamations Methods of Accounting for Amalgamations The Pooling of Interests Method The Purchase Method Consideration Treatment of Reserves on Amalgamation Treatment of Goodwill Arising on Amalgamation Balance of Profit and Loss Account Treatment of Reserves Specified in A Scheme of Amalgamation Disclosure Amalgamation after the Balance Sheet Date ACCOUNTING STANDARD
Premium Balance sheet Asset Generally Accepted Accounting Principles
The objectives of accounting : 1) To keep systematic records: Accounting is done to keep a systematic record of financial transaction. In the absence of transaction there would have been terrific burden on human memory which in most cases would have been impossible to bear. 2) To protect business properties: accounting provides protection to business properties from unjustified and unwarranted use. This is possible on account of accounting supplying the following information to the manager
Premium 1969 1983 Balance sheet
technique”. Critically evaluate this statement. Compare and contrast between MBO and MBE. Pg 85 1.2 FINANCIAL MANAGEMENT 1. “The profit maximization is not an operationally feasible criteria.” Do you agree? Illustrate your views. Pg 6 2. “The function of Financial Management is to review and control decisions to commit or recommit funds to new or ongoing uses. Thus in addition to raising funds‚ financial Management is directly concerned with production‚ marketing and other functions within an enterprise
Premium Marketing Finance Management
Objective: To provide students with an introduction to financial accounting. This course introduces the student to the basic financial statements and how they are used to make decisions by various users. This course will use a variety of sources to allow the student to gain an understanding of the topic. Instructor: Jennifer Wright‚ CPA Grading: Connect - Homework Manager 10% Exam I and II 40% (Each worth 20%) Final Exam 35% Quizzes 15% (average grade) Total 100%
Free Academic dishonesty Plagiarism Academia
Introduction to Financial Accounting ACCT6331 –Prior Year Suggested Time: 90 minutes 1. When the amount of expenses recognized for the purpose of financial reporting exceeds the expenses recognized for the purpose of tax reporting‚ a company will have deferred tax assets. Please indicate if the above statement is true or false. a. true b. false 2. BJ Services is an oil and gas service firm. The company does not issue any preferred stocks or convertible securities.
Premium Inventory Balance sheet Depreciation
Financial Accounting Assignment 2 1 of 25 The credit term 2/10 n/30 means: that after 10 days 2% interest is charged. that there is a 10% discount if payment is received within 30 days. that there is a 2% discount if payment is received within 10 days. there is a 10% discount if paid immediately and 2% if paid within 30 days. 2 of 25 Family Food Stores purchased canned goods at an invoice price of $3‚000 and terms of 2/10‚ n/30. Half of the goods had been mislabeled and were returned immediately
Premium Revenue Generally Accepted Accounting Principles Double-entry bookkeeping system
Case 1.1 Industry and Strategy Analysis a. Apply Porter’s five forces framework to the specialty coffee retail industry. 1. Rivalry among Existing Firms. Direct rivalry among existing firms is often the first order of competition in an industry. Starbucks competes with a broad scope of coffee beverage retailers‚ including fast-food chains‚ doughnut chains‚ and convenience stores associated with many gas stations. Also‚ there are a number of companies that were growing chains of retail coffee
Premium Generally Accepted Accounting Principles Balance sheet Asset
From their accounting records‚ Lane prepares the following schedule and financial statements on a yearly basis: (a) Cost of goods manufactured schedule. (b) Income statement. (c) Balance sheet. For each of the items‚ complete the following matrix by placing an X mark under the appropriate schedule or financial statement in which the item will appear. (An item may appear in more than one financial statement). Item Cost of Goods Manufactured Income Statement
Premium English-language films Ethics Engineering
Dr. Sunny Sun‚ Poly U.‚ Only for use in AF2108 Financial Accounting‚ Second Semester 2010/2011. AMY LAU JUN HAN HAIER: MANAGEMENT CONTROL ON A TACTICAL LEVEL The Haier Group started out as a refrigerator manufacturer in China in 1984 with imported refrigerator production technology from the German Liberhaier company. In the following two decades‚ Haier grew to become one of the world’s leading white goods home appliance manufacturers and was constantly regarded as an aspiring‚ fast growth
Premium Management Brand Total quality management
Financial and Management Accounting-2 ASSIGNMENT Marks: 10 Question: Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM‚ Inc.‚ has been experiencing difficulty for some time. The company’s contribution format income statement for the most recent month is given below: Sales (19‚500 units*$30 per unit) $585‚000 Variable expenses 409‚500 Contribution margin 175‚500 Fixed expenses 180‚000 Net operating
Premium Variable cost Management accounting Net income