Financial reporting I notes
These notes explain what dividends tax is and how to account for it at a first year accounting level; they explain fundamental concepts about company tax and how to calculate it. Additionally, they explain how investing in another company's shares work and how to account for its initial, subsequent and derecognition in journal entries. Lastly, the notes explain what PPE is, how it is recognised at all of its stages of the asset life cycle and at what cost, as well as how to account for depreciation (including the 3 methods of depreciation) and impairment
Written for
- Institution
- University of Cape Town (UCT)
- Module
- Financial Accounting I (ACC2011S)
Document information
- Uploaded on
- January 3, 2022
- Number of pages
- 24
- Written in
- 2021/2022
- Type
- Other
- Person
- Unknown
Subjects
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accounting
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dividends tax
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withholding tax
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tax
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company tax
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income tax
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soce
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share capital
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share issue
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share issue costs
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investing
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ppe
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profit
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statement of changes in equity
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property plant and equipment
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de