Fac2601 notes Study guides, Study notes & Summaries

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ACCOUNTING VIDEOS ON LEARNING UNITS: FAC 2601 LEARNING UNIT 2 – CONCEPTUAL FRAMEWORK 2018 LEARNING UNIT 3 – PRESENTATIONS OF ANNUAL FINANCIAL STATEMENTS Presentation of financial statements - IAS 1. LEARNING UNIT 4 – INVENTORY Summary on Inventory – IAS 2 LEARNING UNIT 5 – PPE Brief summary of the contents of IAS16 An example on depreciation calculation Learning Unit 7 - Leases (Lessee) LEARNING UNIT 9 – REVENUE

FAC2601 EXAM PACK 2021 COMPLETE AND VERIFIED. MUST HAVE. [TURN OVER] UNIVERSITY EXAMINATIONS January/February 2021 FAC2601 FINANCIAL ACCOUNTING FOR COMPANIES 100 Marks Duration 2 Hours This paper consists of 8 pages. Instructions: Download this paper as soon as it has been accessed. Remember to complete and adhere to the Honesty Declaration. Please upload submission in PDF-format, single file not larger than 20Mb before the expiry of the due time. THIS PAPER CONSISTS OF EIGHT (8...

LEARNING UNIT 1 INTRODUCTION TO COMPANY FINANCIAL STATEMENTS INTRODUCTION International Financial Reporting Standards (hereafter called IFRS). IFRS are being developed by the International Accountants Standards Board (IASB) WHAT IS IFRS? IFRS is a set of international accounting standards stating how particular types of transactions and other events should be recognized, measured and reported in annual financial statements. GOAL OF IFRS? Goal of IFRS is to provide a global framework for...

FAC2601 EXAM PACK . FAC2601 - Financial Accounting And Reporting. The following information was extracted from the financial statements of Romans Limited for the year ended 31 December 2014: EXTRACT FROM THE STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2014: 2014 2013 R R Profit before tax 1 008 000 358 000 Income tax expense (408 000) (149 000) PROFIT FOR THE YEAR OTHER COMPREHENSIVE INCOME TOTAL COMPREHENSIVE INCOME FOR THE YEAR 600 000 209 000 - - 600 000 209 ...

FAC 2601 The Conceptual Framework for Financial Reporting notes. What is the Framework? • Sets out the objec7ves & concepts – that underlie the prepara7on & presenta7on of – general purpose financial statements for external users. (Framework par 1) • Provides a theore7cal background or general frame of reference – used by standard seEers (IASB) when seKng new standards Visit for a range of UNISA products Visit for a range of UNISA products FAC2601...

S - The study-notes marketplace FAC2601 EXAM PACK UNIVERSITY EXAMINATIONS January/February 2021 FAC2601 FINANCIAL ACCOUNTING FOR COMPANIES 100 Marks Duration 2 Hours This paper consists of 8 pages. Instructions: Download this paper as soon as it has been accessed. Remember to complete and adhere to the Honesty Declaration. Please upload submission in PDF-format, single file not larger than 20Mb be...

FAC2601 FINANCIAL ACCOUNTING FOR COMPANIESThe following list of balances appear, amongst others, in the accounting records of Vusi Ltd on 31 October 2020: Ordinary share capital (shares issued at R2.30 each) R1 265 000 Proceeds of ordinary shares issued on 30 June 2020 R 540 000 (Shares issued at R2.70 each) The following decision was taken and has not yet been recorded in the accounting records of Vusi Ltd as at 31 October 2020: The directors decided on a capitalisation share issue of 1 share f...

FAC2601 EXAM PACK 2021 THIS PAPER CONSISTS OF EIGHT (8) PAGES PLEASE NOTE: 1. This paper consists of THREE (3) questions. 2. All questions must be answered. 3. Basic calculations, where applicable, must be shown. 4. Ensure that you are handed the correct examination answer book (blue for accounting) by the invigilator (only applicable for venue based exams). 5. Each question attempted must be commenced on a new (separate) page. 6. PROP...

FAC2601 EXAM PACK 2021 THIS PAPER CONSISTS OF EIGHT (8) PAGES PLEASE NOTE: 1. This paper consists of THREE (3) questions. 2. All questions must be answered. 3. Basic calculations, where applicable, must be shown. 4. Ensure that you are handed the correct examination answer book (blue for accounting) by the invigilator (only applicable for venue based exams). 5. Each question attempted must be commenced on a new (separate) page. 6. PROPOSED TIMETABLE: (Avoid ...