Fac 3703 Study guides, Study notes & Summaries

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FAC 3703 EXAM PACK, University of South Africa (Unisa)

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FAC3703 Assignment 2 Semester 2 2022 FAC3703 Assignment 2 Semester 2 2022

FAC3703 ASSIGNMENT 2 – SEMESTER 2 OF 2017 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

FAC3703 ASSIGNMENT 1 – SEMESTER 1 OF 2020 Ultra Speed Ltd Notes for the year ended 31 March 2019 1. Profit before tax Profit before tax is stated after taking the following items into account R Incomes Finance Income 85 406 Expenses Finance Cost Depreciation: Right of use asset 107 164 300 536 2. Leases 2.1. Right of use asset Equipment R Carrying amount at beginning of year [

FAC3703 ASSIGNMENT 2 – SEMESTER 1 OF 2018 ENZO LTD NOTES FOR THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017 1. Profit before tax Profit before tax is shown after taking the following into account: 2017 R Income Finance Income (calculation 4) 79 966 Expenses Finance cost (300 000 ∗ 2 ∗ 9%) 54 000 2. Net Investment in finance leases 2.1. Reconciliation of net investment in finance leases: 2017 R Opening balance New leases entered into Repayments of Capital (128 0...

FAC 3703 SPECIFIC FINANCIAL REPORTING FAC3703 May-Jun 2017 Paper 1 Suggested solution Question 1 a) Calculate employee benefits W1. Salary: (275 000 x 9 months [Apr – Dec]) 2 475 000 (275 000 x 3 months [Jan – Mar] x 100/110) 750 000 Bonus paid: 275 000 Bonus obligation OB: (275 000 x 1/12) (22 917) Bonus obligation CB: (275 000 x 1,1 x 1/12) 25 208 Leave obligation OB: (52 145) Leave obligation CB: (24 – 6 – 8) = 10 days x 60% = 6 days 62 857 .’. 6 days x 275 00...

FAC 3703 SPECIFIC FINANCIAL REPORTING FAC3703 EXAM PACK FAC3703 EXAM PACK 1 FAC3703 Paper 1 Suggested solution May-Jun 2017 Question 1 a) Calculate employee benefits W1. Salary: (275 000 x 9 months [Apr – Dec]) 2 475 000 (275 000 x 3 months [Jan – Mar] x 100/110) 750 000 Bonus paid: 275 000 Bonus obligation OB: (275 000 x 1/12) (22 917) Bonus obligation CB: (275 000 x 1,1 x 1/12) 25 208 ...

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