Critically review the factors in capital budgeting decisions Imagine you are a representative of management in the company you have selected for your Week Six assignment and you must make a capital budgeting decision. The decision is to implement a new computer network system to decrease the time between customer order and delivery. The cost … Read more
Show detailed solutions to the Advanced accounting questions You are required to finish each of these questions, total 40 marks. Please give the solutions in detail, show calculations and submit the solutions to Moodle using a single file, it can be Excel format, Word format or PDF format, no requirement on word limits. If any … Read more
Draft a proposal outlining an accounting standard on the following issue Assume that you have been contracted by the Australian Accounting Standards Board to develop a proposal regarding whether to issue an accounting standard on accounting for the costs of environmental damage. Draft a proposal outlining why you think it is appropriate, or inappropriate, to … Read more
Evaluate different depreciation methods that could be used for financial reporting purposes. Q1 PSB8.8 Buttercup Ltd purchased machinery on 1 January 2015, at a cost of $310 000. The estimated useful life of the machinery is 5 years, with an estimated residual value at the end of that period of $40 000. The entity is … Read more
Plan an audit and have access to the preliminary trial balance for your client. Details of your task You are planning an audit and have access to the preliminary trial balance for your client. You would like to use the trial balance to identify accounts that are likely to require significant audit attention. To access … Read more
Work out the following accounting tasks Within your firm’s latest annual report (i) From your firm’s annual report find out the asset/s that your firm has tested for impairment. (ii) How did your firm conduct the impairment testing? (iii)Has your firm recorded any impairment expenditures during the period? (iv)Identify the key estimates and assumptions used … Read more
What classes of liabilities are recorded under the classification “Current Liabilities”? Refer to the consolidated financial statements and notes in the 2017 financial report of Wesfarmers on its website, http://www.wesfarmers.com.au/docs/default-source/reports/j000901-ar17_interactive_final.pdf?sfvrsn=4 and answer the following questions: Have the current liabilities of Wesfarmers increased or decreased over the year? By how much? What classes of liabilities are recorded under … Read more
Explain economic principles and their applications in the real world Explain economic principles and their applications in the real world. Summarize the different types of market structures and the role of government in economics. In the workplace, we are often asked to create “briefs.” A brief provides a snapshot, or short, written summary, of a … Read more
Discuss the possible causes of the financial crisis. Do you think GFC could be repeated again? Explain the scale and impact of GFC in economies of different countries including your own country. Identify some of the actual or proposed reforms which have eventuated. The Global Financial Crisis (GFC) is the most significant worldwide economic catastrophe … Read more
Effects of Impairment expense in a company Please read the relevant footnotes of your firm’s financial statements carefully and include information from these footnotes in your answer. Within your firm’s latest annual report (i) From your firm’s annual report find out the asset/s that your firm has tested for impairment. (ii) How did your firm … Read more