Financial Reporting 2

University of Cape Town (UCT)

Here are the best resources to pass Financial Reporting 2. Find Financial Reporting 2 study guides, notes, assignments, and much more.

Ilse Lubbe, Goolam Modack, Alex Watson

1 documents

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Summary

Summary Mind Map for Revenue IFRS 15
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September 2024

2024/2025
IFRS 15 Revenue Recognition Formulae Sheet provides a concise guide to the key steps and calculations for recognizing revenue under IFRS 15, including: Five-Step Model: Identify the contract. Identify performance obligations. Determine the transaction price. Allocate the transaction price to obligations. Recognize revenue when obligations are satisfied. Variable Consideration: Calculate using the expected value or most likely amount method. Revenue Over Time: Use percentage of comple...
kevinlondeka
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Summary

Revenue IFRS 15
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September 2024

2024/2025
IFRS 15 Revenue Recognition Formulae Sheet provides a concise guide to the key steps and calculations for recognizing revenue under IFRS 15, including: Five-Step Model: Identify the contract. Identify performance obligations. Determine the transaction price. Allocate the transaction price to obligations. Recognize revenue when obligations are satisfied. Variable Consideration: Calculate using the expected value or most likely amount method. Revenue Over Time: Use percentage of comple...
kevinlondeka
$6.34 More Info

Summary

IAS 38 - Intangible Assets
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July 2024

2023/2024
Perfect for accounting professionals, students, and anyone keen on mastering International Accounting Standard 38, these notes provide a personal touch to understanding the intricacies of intangible asset accounting. Delve into detailed explanations, practical examples, and insightful interpretations, all presented in a clear and engaging handwritten style. Whether you're studying, practicing, or refining your knowledge, these notes offer a unique perspective to grasp the nuances of financial r...
kevinlondeka
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Summary

How to calculate current tax to be included in SOCI
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April 2023

2021/2022
This document details the workings and general ledger accounts to illustrate how yo calcule current tax in the financial statements
leilahhans
$5.82 More Info

Summary

Group accounting consolidation
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April 2023

2021/2022
This document details the consolidation process of subsidiaries to group financial statements as well as associates using detailed illustrative examples and notes .
leilahhans
$29.61 More Info

Summary

IAS 37 : A detailed guide
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April 2023

2021/2022
This document works through the IAS 37 standard and gives a detailed breakdown of what a provision is , what a liability is , what a contingent asset vs contingent liability is , what a reimbursement is and has detailed examples that display not only how to answer questions and what key areas to focus on but also how to apply the standard
leilahhans
$8.95 More Info

Summary

Group accounting : An introduction
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April 2023

2021/2022
This document introduces the topic of group accounting and indicates how to consolidate , what the starting point is before consolidating and what proforma journal entries need to be processed . Moreover , it includes detailed examples of how to do so . Additionally it illustrates how to present consolidated financial statements ; statement of comprehensive income , statement of financial position, statement of changes in equity and statement of cash flows . It illustrated through worked ...
leilahhans
$19.34 More Info

Summary

Group accounting
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April 2023

2021/2022
This document details how to attribute profits in statement of comprehensive income to the non- controlling interest and parent equity holders , how to calculate goodwill using the full and partial method , how to account for preference shares in a group consolidation.
leilahhans
$25.23 More Info

Summary

IFRS 7 : layout of statement of cash flows
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April 2023

2021/2022
This document entails a brief layout structure of presenting the statement of cash flows on the “ Direct” method versus the “ indirect” method as per IFRS 7 and additionally briefly gives guidance on what to include under “ operating activities” , “ investing activities” and “ financing activities” as per IFRS 7
leilahhans
$5.95 More Info