Victor kean

a) Describe the general purpose of the statement of comprehensive income. Inaddition, explain the terms income and expenses as defined by the ConceptualFramework for Financial Reportingb) Describe the general purpose of the statement of financial position. In addition,explain the terms asset, liability and equity as defined by the ConceptualFramework for Financial Reporting.c) Explain the accrual basis […]

OGL make four (4) products. Some of the cost data about the products from the previousyear is shown in the table below:SM-567 LG-321 JK-123 GJ-444Current Sales Price $80.00 $90.00 $100.00 $150.00Sales Revenue $300,000 $720,000 $530,000 $450,000Variable Expenses $204,000 $446,400 $318,000 $261,000Total fixed expenses amount to $600,000.Required1. Prepare a spreadsheet to determine the break even point in sales dollars for

Task: Purpose To assess the student’s mastery of the Accounting field of study. Action Items Write a 3-page paper on a current accounting topic of interest to you in a professional accounting or business journal.  Summarize your paper to cover the following sections: 1.Issue: Describe the issue/purpose of the paper 2.Rule/Principles:  What are the relevant

Assignment Bills of Exchange A bill of exchange is an unconditional order issued by an individual or business directing the recipient to pay a certain sum of money to a third party at a future date. This future date could be fixed or negotiable. A bill of exchange must be written, signed and dated. It‘s

Questiona) Describe the general purpose of the statement of comprehensive income. Inaddition, explain the terms income and expenses as defined by the ConceptualFramework for Financial Reportingb) Describe the general purpose of the statement of financial position. In addition,explain the terms asset, liability and equity as defined by the ConceptualFramework for Financial Reporting.c) Explain the accrual

Task: 1. Alpha Corporation purchased 70% of Beta Company on January 1, 2015, for $98,000. On that date, the non controlling interest had a fair value of $42,000 and Beta reported common stock outstanding of $100,000 and retained earnings of $20,000. The differential is partially comprised of $5,000 related to excess value of buildings and

Assignment This assignment has three parts. Part A Button Pty Ltd manufactures two types of children’s beds. The two products are Serta and Tempur. Button company, who currently use a conventional costing system, applies manufacturing overhead to all units at the rate of $90 per machine hour. Production information is as follows: The management accountant

Task: The purpose of this assignment is to apply managerial accounting concepts and practices and use financial data to make business decisions.  Throughout the course, you have used the annual report from Amazon Inc to apply financial accounting concepts, including analysis of income statements and balance sheets, to evaluate the profitability and overall financial position

Task: Critically evaluate the role & duties of external financial report auditors.Critically evaluate the contemporary risk & assurance approaches to audit.Identify and evaluate the relevant legislation, AustralianAuditing standards, professional & legal responsibilities of external financial report auditors.Apply concepts of assurance, compliance & business risk to the auditing process.Identify & analyse indicators of potential misstatements, including

Task: Learning Outcomes This assessment addresses the following subject learning outcomes: a) Prepare consolidated financial statements and related accounting entries for incorporated entities. b) Generate and communicate strategic recommendations in various inter-entity relationship scenarios with reference to relevant accounting standards Part A Practical Problem Solving  a) Prepare the journal entries for Antara Ltd at 30