FAC2602 Selected Accounting Standards And Simple Group Structures (FAC2602)

FAC2602 Assignment 2 (QUIZ) Semester 1 2023 FAC2602 Assignment 2 (QUIZ) Semester 1 2023 FAC2602 Assignment 2 (QUIZ) Semester 1 2023

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FAC2602 EXAM PACK 2023. 100% TOctober/November Examination 2022 FAC2602 Selected Accounting Standards and Simple Group Structures 100 marks 2 hours This paper consists of twelve (12) pages. Important to note: 1. This paper consists of FOUR (4) questions. 2. All questions must be answered, and basic calculations, where applicable, must be shown. 3. Each question attempted must commence on a new (separate) page. 4. Remember to complete and adhere to the Honesty Declaration. 5. Student...

FAC2602 Assignment 2 Semester 1 2022 Disclaimer Extreme care has been used to create this document, however the contents are provided “as is” without any representations or warranties, express or implied. This document is to be used for comparison, research and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted in any form or by any means without prior written permission from the author. DOCUMENT PREVIEW PART A Draft the following pro-forma c...

FAC2602 Learning Unit 6 2022. FAC2602 - Selected Accounting Standards And Simple Group Structures The following are the trial balances of Sandy Ltd and South Ltd for the year ended 31 December 20.2: Sandy Ltd R South Ltd R Share capital - ordinary shares (800 000/355 000 shares) (800 000) (355 000) Retained earnings - 1 January 20.2 (480 000) (120 000) Gross profit (422 700) (166 200) Dividends received - 31 December 20.2 (23 800) - Auditors' remuneration 8 500 5 000 Depreciation ...

FAC2602 ASSIGNMENT 2 SOLUTIONS SEMESTER 2 2022. Selected Accounting Standards And Simple Group Structures. Draft the following pro-forma consolidation journal entries of the IWP Ltd Group for the year ended 31 August 2022, after taking the above-mentioned information into account: (a) Elimination of the unrealised profit included in the opening and closing inventory DR CR Retained Earnings – BigCat Ltd 66 666,67 Cost of sales – BigCat Ltd 66 666,67 Elimination of the unrealised profi...

FAC2602 Assignment 1 semester 2 2022. FAC2602 - Selected Accounting Standards And Simple Group Structures Select the correct statement regarding shareholding and control within group structures: a. Control of another company is obtained only when the investor holds more than 50% of the shareholding. b. A percentage holding of 48% in the investee will grant the investor the right to have control. c. A group of companies is formed only when the parent and the subsidiary agree about the par...

FAC2602 ASSIGNMENT 2 SEMESTER 1 2022. Selected Accounting Standards And Simple Group Structures. Profit on sale of machinery (Begonia Ltd) (230 000 − 150 000) Machinery (Daisy Ltd) Accumulated Depreciation: (Daisy Ltd) (80 000 * 20% * 9 ) 12 Depreciation (Begonia Ltd) 80 000 12 000 80 000 12 000 (b) Cost of Sales (Daisy Ltd) [(680 000 + 90 000) * 25 )] 125 Inventory (Begonia Ltd) 154 000 154 000 S - The study-notes marketplace Downloaded by: Masters | Distribution of this docume...

FAC2602-Selected Accounting Standards And Simple Group Structures Assignment 1 semester 2 2022. QUESTION 1 Select the correct statement regarding shareholding and control within group structures: a. Control of another company is obtained only when the investor holds more than 50% of the shareholding. b. A percentage holding of 48% in the investee will grant the investor the right to have control. c. A group of companies is formed only when the parent and the subsidiary agree about the par...

FAC2602 ASSIGNMENT 2 SEMESTER 2 2022. Draft the following pro-forma consolidation journal entries of the IWP Ltd Group for the year ended 31 August 2022, after taking the above-mentioned information into account: (a) Elimination of the unrealised profit included in the opening and closing inventory DR CR Retained Earnings – BigCat Ltd 66 666,67 Cost of sales – BigCat Ltd 66 666,67 Elimination of the unrealised profit included in the opening inventory (400 000 x 20/120) Cost of Sale...