Fac 3703 Study guides, Study notes & Summaries

The following questions in the table below, have been updated to meet the requirements of IFRS 16 (the new leases accounting standard). Please replace the following questions and solutions in your current tutorial letter 103 (related to leases), with the questions and solutions in this document. Question number Subject Marks Time (minutes) 3 Leases and Employee Benefits 42 76 5 Government Grants, Leases, Borrowing Costs and Segment Reporting 68 122 7 Leases and Government Grants 35 63...

Solutions to Assignment 2 For Semester 2 with calculations

FAC3703 - Specific Financial Reporting Assignment 01 Solutions with clear calculations

1. 2 This is an asset based grant since the grant was provided in order to acquire non – current assets. 2. 5 R Government grant income (5 000 000 * 60% / 5) Change in accounting estimate (5 000 000 * 40% / 5 * 1 / 12) 600 000 (33 333) 566 667 3. 4 The government grant is recognized in profit or loss on a systematic basis over the useful life of the asset. Since this is an asset based grant, the grant will either be recognized as government grant income or just other income in the...

INTRODUCTION Dear Student ERRATA TO STUDY GUIDE, SUGGESTED SOLUTIONS TO ASSIGNMENT 2/2012 AS WELL AS EXAMINATION PAPERS AND SOLUTIONS Attached please find the errata to the study guide, suggested solutions to assignment 02/2012, the examination question papers and the suggested solutions for October 2008, May 2009, October 2009, May 2010, October 2010 ,May 2011 and October 2011, as well as the examination preparation and technique for May/June 2012. You will notice in our suggest...

Solutions to the 1st Assignment with full calculations

Well written notes on financial reporting.

This document will help you succeed in examinations as well as assignments. This is an colourful summary to make it a little bit easier to comprehend.

FAC3703 - Specific Financial Reporting Assignment 01 Solutions with clear calculations

Solutions to assignment 1 for Semester 2 with full calculations