FAC3701/102/3/2013 Tutorial letter 102/3/2013 General Financial Reporting FAC3701 Semesters 1 & 2 Department of Financial Accounting IMPORTANT INFORMATION: This tutorial letter contains important information about your module. CONTENTS 1. 2. 3. 4. 5. 6. 7. 2 Page INTRODUCTION AND WELCOME ................................................................................... 3 LECTURERS AND CONTACT DETAILS ......................................................................... 3 MAY 2010 – EXAMINATION
Premium 2009 Taxation Balance sheet
Accounting Standards Isla Lipana & Co./PricewaterhouseCoopers Page 4 17 July 2006 Key differences Key changes PFRS 3 Goodwill PFRS provisions Goodwill required to be reviewed for impairment annually. If impaired‚ a charge to profit and loss for impairment loss is required Negative goodwill will have to be credited to profit and loss. Tax Provisions Impairment of goodwill •Not deductible •Deduction may be claimed upon disposal of related assets acquired Negative goodwill credited to P&L:
Premium Generally Accepted Accounting Principles Balance sheet Asset
Coursework 40% [Week 6 & 9] Examination 60% Contents: 7. Framework Property‚ Plant & Equipment Impairment of Assets Intangible Assets Inventories Financial Statements Events after the reporting period 8. Provisions‚ contingent liabilities & contingent assets 1. 2. 3. 4. 5. 6. Income taxes 10. Redemption of Preference Shares 11. Published Financial Statements 12. Group Account 9. Framework MASB: continually improving the quality of financial reporting
Premium Balance sheet Asset Generally Accepted Accounting Principles
................................................... (Name of the company) ................................... AS AT........................................................ (Date as at which it is made out) Figures for the P.Y. (Rs.) | LIABILITIES | Figures for the C.Y. (Rs.) | Figures for the P.Y. (Rs.) | ASSETS | Figures for the C.Y. (Rs.) | | SHARE CAPITAL (Refer Note A)Authorised/SharesOf ...................... Rs.... eachIssued/SharesOf ...................... Rs.... eachSubscribed/SharesOf
Premium Asset Balance sheet Balance of payments
MEMORANDUM To: Dr. John J. Morris‚ Department of Accounting From: Group #1 (Matt Meenen‚ Bailey Ochs‚ Allison Olive‚ Marit Pavek) Date: 04/03/2014 Subject: Case 08-6‚ The Rump Organization Statement of Relevant Facts: The Rump Organization‚ a SEC registrant‚ is planning a corporate restructuring plan. On December 27‚ 2005 Ronald Rump‚ the CEO of the organization‚ along with the Board of Directors approved a plan to involuntarily terminate 100 of the organization’s employees. There is an
Premium Termination of employment Employment Employee benefit
Natural Resource Valuation and Damage Assessment in Nigeria A Comparative Analysis August 2003 Natural Resource Valuation and Damage Assessment in Nigeria A Comparative Analysis Environmental Law Institute August‚ 2003 1 Acknowledgments This report was authored by Danielle Schopp and John Pendergrass‚ with additional research by Roman Czebiniak‚ of the Environmental Law Institute (ELI). The authors also thank Bruce Myers of ELI and Anthony Onugu of Bioresources Development and Conservation
Premium Natural resource
IFRS US GAAP Swiss GAAP FER Summary of similarities and differences 2007/2008 Edition 1 IFRS – US GAAP – Swiss GAAP FER Summary of similarities and differences 2007/2008 Edition This PricewaterhouseCoopers publication is for those who wish to gain a broad understanding of the key similarities and differences between IFRS‚ US GAAP and Swiss GAAP FER. No summary publication can do justice to the many differences of detail that exist between IFRS‚ US GAAP and Swiss GAAP FER. Even if the guidance
Premium Balance sheet Generally Accepted Accounting Principles
company incorporated under the provisions of the Companies Act‚ 1956 and having its Registered Office at Safdarjung Airport‚ New Delhi 110 003. Vayudoot is a Government Company within the meaning of Section 617 of the Companies Act‚ 1956 and is a wholly owned subsidiary of National Aviation Company of India Limited. 1.2 M/s National Aviation Company of India Limited (hereinafter referred to as ‘NACIL’ or ‘Transferee Company’) is a company registered under the provisions of the Companies Act‚ 1956
Premium Balance sheet Indira Gandhi International Airport Chhatrapati Shivaji International Airport
reader or user in terms of relevance and reliability. Off Setting - Entities can’t offset assets and liabilities against each other. Elements of the Financial Statements are: Assets – Resources controlled by past events where future economic benefits are expected. Liabilities – Obligations owed as a result of past events that result in an outflow of cash. Equity – the excess of assets over liabilities. Income – Revenue from the course of ordinary activities‚ such as sale of goods Expense – includes
Premium Balance sheet Asset Depreciation
Allied Motion Technologies‚ Inc. Financial Analysis Project Table of Contents 1.Executive Summary……………………………….......………………………………3 2. Problem Statement...……………………………………………………………………4 3. Company Overview…………………………………..……………………………5 4. Trend Analysis 4.1 Trend Analysis of Balance Sheet…………………………….……………………7 4.2 Trend Analysis of Income Statement………………………………….……………9 4.3 Trend Analysis of Cash Flow…………………………………………………………10
Premium Asset Balance sheet Generally Accepted Accounting Principles