[PDF] Top 20 ACCA Paper F 7 Financial Reoirting F7FR Session01 d08

... ¾ Current projects also include the short-term convergence of IFRSs and national accounting standards: ‰ Joint project with the FASB the US Financial Accounting Standards Board; IFRS 5 [r] ... Lihat dokumen lengkap

... These amounts are contained in accounts that are often described as Current accounts in the receivables and payables sections of the appropriate statement of financial position. As far as the individual entities ... Lihat dokumen lengkap

... ¾ As can be seen from this example, the effect of creating a liability in 2008 and then releasing it in 2010 is that profit after tax ($11,900 for all three years) is not distorted by temporary timing differences. As ... Lihat dokumen lengkap

... consolidated financial statements include those companies in which Bayer AG directly or indirectly has a majority of the voting rights (subsidiaries) or from which it is able to derive the greater part of the ... Lihat dokumen lengkap

... ¾ Controlling interests in such companies would generally appear at cost in the statement of financial position of the investing company. Such interests may result in the control of assets of a very different ... Lihat dokumen lengkap

... The syllabus begins with the conceptual framework of accounting with reference to the qualitative characteristics of useful information and the fundamental bases of accounting introduced in the Paper F3 syllabus ... Lihat dokumen lengkap

... the financial (or money) amount of the net assets at the end of the period exceeds the financial (or money) amount of net assets at the beginning of the period (after excluding any distributions ... Lihat dokumen lengkap

... ¾ However, if a contingent liability of the subsidiary has arisen due to a present obligation that has not been recognised (because an outflow of economic benefits is not probable,) IFRS 3 requires this present ... Lihat dokumen lengkap

... Consolidated statement of changes in equity for year ended 31 March 2008 Share Retained Total Non-controlling Total capital earnings interest Equity $ $ $ $ $ At 1 April 200[r] ... Lihat dokumen lengkap

... ¾ The associate is not consolidated line-by-line. Instead, the group share of the associate’s net assets is included in the consolidated statement of financial position in one line, and share of profits (after ... Lihat dokumen lengkap

... FOCUS You should now be able to: ¾ indicate the problems of using historic information to predict future performance and trends; ¾ explain why statement of financial position figures[r] ... Lihat dokumen lengkap

... 5 PROFORMA 5.1 Direct method $ $ Cash flows from operating activities Cash receipts from customers x Cash paid to suppliers and employees x ____ Cash generated from operationss[r] ... Lihat dokumen lengkap

... ¾ New number of shares Basic number X No of shares which could exist in the future: from the later of − first day of accounting period − date of issue X ____ X ____ 4.2.2 New ea[r] ... Lihat dokumen lengkap

... the Financial Accounting Standards Board (FASB) in the United States, IFRS 5 was issued to achieve substantial convergence with FASB Statement 144 “Accounting for the Impairment and Disposal of Long-Lived ... Lihat dokumen lengkap

... rate, financial instrument price, commodity price, foreign exchange rate, index of prices or rates, credit rating or credit index, or other variable (sometimes called the “underlying”); ... Lihat dokumen lengkap

... ¾ In recent years some companies have devised increasingly sophisticated “off balance sheet financing” schemes whereby it was possible for them to hold assets and liabilities which did not actually appear on the ... Lihat dokumen lengkap

... 2 RECOGNITION 2.1 Criteria ¾ An item of property, plant and equipment shall be recognised when: ‰ it is probable that future economic benefits associated with the asset will flow t[r] ... Lihat dokumen lengkap

... ¾ In order to make economic decisions users of the accounts need to understand the composition of figures in as much detail as possible. There is a trend in reporting to provide more detailed information about the ... Lihat dokumen lengkap

... ‰ the standard from which the entity has departed, the nature of departure, including the treatment that the standard would require together with the reason why that treatment would be misleading in the circumstances and ... Lihat dokumen lengkap

... 2 SALE OF GOODS ¾ Revenue recognition criteria ‰ Significant risks and rewards of ownership are transferred to the buyer ‰ Neither continuing managerial involvement nor effective co[r] ... Lihat dokumen lengkap