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Tutorial week 2 Class discussion Question 1 Why is it important for an accountant to understand their business and industry as well as managements informational needs in addition to knowing how to generate financial statements? (You may use S&S as the context while asking this question.) Class Discussion Question 2: Think about the various forms […]

Tutorial week 8 Basic REA Template Using the above template attempt the following question Q. 1 Jason’s is a small ice-cream shop located near the local university’s baseball field. Jason’s serves walk-in customers only. The shop carries 26 flavors of ice cream. Customers can buy cones, sundaes, or shakes. When a customer pays for an

Tutorial 4 Q1. Define measurement in the context of accounting and financial reporting. Why is measurement so important in accounting? Q2. Discuss the current approach to measurement adopted by standard setters. Why have they adopted such an approach? What are the issues and problems associated with this approach? Q3. Explain the arguments for and against

Tutorial 3 1. What is the difference between a conceptual framework and accounting standards? 2. Outline the technical benefits of a conceptual framework. What problems could occur if accounting standards were set without a conceptual framework? 3. Distinguish between ‘cautious’ prudence and ‘asymmetrical’ prudence. Using an example, explain what is meant by prudence in the

Tutorial 8 1. What attributes must something possess in order to be defined as an asset? Why? What are the asset recognition rules? (Applying the principles in the 2018 Conceptual Framework) 2. A company has a copper mine in South Africa. It purchased the mining rights ten years ago for $20 million and has been

Tutorial 7 1. What is meant by the term ‘earnings management’? What are the incentives for managers to manage earnings? (from Godfrey) 2. Do you consider earnings management to be good or bad? Why? 3. Outline the five methods discussed in this chapter that entities can use to manage earnings. Discuss the circumstances in which

Tutorial 5 What alternative measures are used in the accounting to value items? Provide specific examples. Why has the IASB chosen to use exit price as the primary measure of fair value? The existence of a market is very important to determining fair value. What factors would indicate an appropriate market exists? If it is

Tutorial 2 1. How might institutional theory explain accounting disclosures? Institutional theory is used to understand the influences of organizational structures such as rules, norms and guidelines. Accounting disclosures are likely to be a way of demonstrating corporate legitimacy by disclosing how the organization is meeting the expectations of these rules, norms and guidelines. 2.

BSBMKG512 Forecast international market and business needs Assessment 2 Task 1 Collect market intelligence Procedure Select an organisation for which you can access the information required. The organisation may be one with which you are familiar, for example, your own workplace or another as negotiated with your facilitator. The organisation you select here will be

COURSEWORK Session 2020/2020 Module title Analytical Thinking and Decision Making Module Code BUSN11079 Submission date and time See Turnitin Link Weighting of assessment 60% of total mark. Instructions to Candidates THIS AN INDIVIDUAL COURSEWORKYour originality report should not be over 15%.This assignment involves applying an analytical tool to a practical decision scenario and assessing the