Ac102 Study guides, Revision notes & Summaries

Complete notes on spectroscopy

FEEDBACK ON PREVIOUS EXAMINATION PAPERS OCTOBER / NOVEMBER 2011 SOLUTION 1: ACCOUNTING POLICIES, HANGERS IN ACCOUNTING ESTIMATES AND ERRORS, IAS 10 (AC107) – EVENTS AFTER THE REPORTING PERIOD 1AS12 (AC102) – INCOME TAXES AND IAS 18 (AC111) REVENUE Question 1.1. Calculation of corrected profit before Tax of rainbow Limited for the year ended 28 February 2011 R Provisional profit 690 000 Cash on delivery sales – reversed (40 000) Credit loss [ 10 000 – 0.10) (9000) Change in ac...

FEEDBACK ON PREVIOUS EXAMINATION PAPERS OCTOBER / NOVEMBER 2011 SOLUTION 1: ACCOUNTING POLICIES, HANGERS IN ACCOUNTING ESTIMATES AND ERRORS, IAS 10 (AC107) – EVENTS AFTER THE REPORTING PERIOD 1AS12 (AC102) – INCOME TAXES AND IAS 18 (AC111) REVENUE Question 1.1. Calculation of corrected profit before Tax of rainbow Limited for the year ended 28 February 2011 Provisional profit Cash on delivery sales – reversed Credit loss [ 10 000 – 0.10) Change in accounting estimate (300 000 ...

1. The following information regarding the property, plant and equipment of Kanton Ltd is an extract from the asset register after the recording of all the asset transactions for the year: Cost 1/01/20.3 R Carrying amount 31/12/20.4 R Carrying amount 31/12/20.5 R Depreciation rate Tax base 31/12/20.4 R Tax base 31/12/20.5 R Tax allow -ance Plant and equipment Motor vehicles 200 000 120 000 160 000 60 000 140 000 20 000 10% straight -line 25% straight -line ...

Formative case study on the financial performance of Thomas Cook and factors leading to its downfall. Received a grade of 75.