A guide to Consolidated accounts A SIMPLE GUIDE TO CONSOLIDATED ACCOUNTS This is a basic guide prepared by the Technical Advisory service for members and their clients. It is an introduction only and should not be used as a definitive guide‚ since individual circumstances may vary. Specific advice should be obtained‚ where necessary. Requirement to Prepare The Companies Act 2006 gives exemption from the requirement to prepare group accounts to small groups but not medium sized groups
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Question 1 a) Identify three accounts on the balance sheet of Sun Hung Kai that represent tangible assets? Fixed assets‚ Investment properties‚ Properties for sale. b) What are the differences among these accounts? Fixed assets: Known as a non-current asset or as property‚ plant‚ and equipment‚ is a term used in accounting for assets and property which cannot easily be converted into cash. This can be compared with current assets such as cash or bank accounts‚ which are described as liquid
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transaction 2. Record the transaction as a journal entry 3. Post the entry in the individual accounts in ledgers. 4. Create preliminary trial balance 5. Adjusting entries 6. Create adjusted trial balance of the accounts 7. Combine sums in various accounts 8. Close books for current month Permanent accounts are also known as real accounts. These are accounts that do not close at the end of the accounting year. The permanent accounts are all of the balance sheet accounts (asset
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A PROJECT REPORT ON CONSOLIDATED FINANCIAL STATEMENT SUBMITTED TO THE UNIVERSITY OF MUMBAI AS A PARTIAL REQUIREMENT FOR COMPLETING THE DEGREE OF M.COM (ACCOUNTS) SEMESTER I SUBJECT: ADVANCED FINANCIAL ACCOUNTING SUBMITTED BY: SHUBALAXMI.UMESH.SHETTY ROLL NO.: 47 UNDER THE GUIDANCE OF PROFESSOR DHANABALU.R.NAIKAR SIES COLLEGE OF COMMERCE AND ECONOMICS‚ PLOT NO. 71/72‚ SION MATUNGA
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ASSESSMENT FRONT SHEET Programme: HND BTEC Edexcel Unit Number and Title: Managing Financial Resources and Decisions (Unit 2) Unit Level: QCF Level 4 Module Tutor: Chisomje Ezeaku Email: c.ezeaku@londonchurchillcollege.co.uk Date Set: 27/04/2015 Key dates Distribution date: 27/04/2015 Submission date: 03/07/2015 Return date: 4 weeks after submission Introduction This unit is designed to give learners a broad understanding of the sources and availability of finance
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CXC CSEC Principles of Accounts Exam Guide Section 1: Introduction to Principles of Accounts SPECIFIC OBJECTIVES The students should be able to: CONTENT 1. Explain the concept of accounting; concept of “Accounting” and “Principles of Accounting” 2. State the purpose of accounting; Accounting as a business practice – the purpose of Accounting. 3. Identify the users of accounting information; Internal and external users Accounting information and their needs 4. Outline
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Chris Wiginton 12/27/13 IS-3120 Unit 2 Assignment 2 Evolution of Ethernet With the advancement information technologies such as multi-core processors‚ digital media and mega storage architectures‚ increased Ethernet capacities will continue to be developed. It is likely that approximately every five to seven years will produce new standards to meet new technologies in Ethernet capacities. We can expect to see a greater push towards unified networking with an increasing emphasis on increased data
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TABLE OF CONTENTS TOURISM SECTOR (HOTEL AND RESTAURANT) COMMERCIAL COOKING NC II Page No. SECTION 1 COMMERCIAL COOKING NC II QUALIFICATION 1- 2 SECTION 2 COMPETENCY STANDARDS ❑ Basic Competencies 3 - 17 ❑ Common Competencies 18 - 35 ❑ Core Competencies
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manufacturing overhead costs of $5‚500 per month and fixed non-manufacturing overhead costs of $2‚500 per month. Projected Sales: January 80 units April 100 units February 120 units May 60 units March 200 units June 40 units Direct Materials and Direct Manufacturing Labour Utilisation and Cost Unit per Board Price per Unit Unit Wood 5 $30 Board feet Fiberglass 6 5 Yard Direct manufacturing labour 5 25 Hour The beginning cash balance for March
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Accounts Notes Double Entry Example 1 Transactions Debit (In) Credit (Out) Bought goods for resale for cash Purchases Cash Sold goods for cash Cash Sales Paid cash into bank Bank Cash Sold goods and received cheque Bank Sales Bought goods and paid by cheque Purchases Bank Example 2 Transactions Debit Credit Bought goods on credit from M.Mizzi Purchases M.Mizzi Paid M.Mizzi in cash one week later M.Mizzi Cash Sold goods on credit to S.Said S.Said Sales S.Said paid by cheque Bank S.Said Example
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