accountingpolicieschangesinaccountingestimatesanderrors-資料下載頁
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【導(dǎo)讀】statements.IASorIFRS.RequiredbyIAS1. substanceoverform. neutrality. prudence. pleteness. Exception. futureperiods.Ifmaterial,disclose. Prospectivemethod. changeaffectsboth.Ifmaterial,disclose. Priorperioderrors. facts,andfraud.
【正文】 t made ? Equity dividends proposed before but declared after the reporting date must disclosed by notes ? If management decide after the reporting date to cease trading, the financial statements should not be prepared on the going concern bases. 21 Exercises ? You are the financial accountant of StarHub Engineering . You are responsible for preparing the pany’s financial statements and are at present finalizing those for the year ended 31 December 2020 for presentation to the board. The following items are material : ? Requirement : Explain how you will treat each items in the financial statements and give a brief explanation. 22 Continued a) your have recently discovered that during September and October 2020, while you were away sick, the cashier took advantage of the weakened internal controls to defraud the pany of $8,000 b) at a board meeting on 3 February 2020 the directors agreed to purchase the business of Mr Jason for $45,000 c) on 18 January 2020 the pany made a 1 for 4 rights issue to existing ordinary shareholders. This involved the issue of 20,000 $1 ordinary shares for a consideration of $25,000 23 Continued d) a customer, Specific Motors Ltd owed your pany $16,000 on 31 December 2020. this pany had always been considered a good credit risk until on 15 February 2020, it went into voluntary liquidation. Of the $16,000 debt, $12,000 is still outstanding and the pany is expected to pay approximately 25cents in every $ on this outstanding amount. 24 Exercises ? Example10, p384 ? Test 2(ii), p386 ? 5c Dec01 ? 5c Dec03 ? 5(ii) Jun05 ? 5b Jun07 ? 4 Jun09 25
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