Questions from General Accounting

Q: From humble beginnings, Phil expanded his backyard business in Melbourne to

From humble beginnings, Phil expanded his backyard business in Melbourne to produce and sell sports drink bottles for AFL, cricket, rugby league and rugby union football teams in 2019. Due to the succ...

Q: Why has the globalisation of accounting become so important for accountants?

Why has the globalisation of accounting become so important for accountants?

Q: Corporate governance relates only to large public enterprises and is therefore irrelevant

Corporate governance relates only to large public enterprises and is therefore irrelevant for small business. Discuss this statement.

Q: The notes to the 2018 consolidated financial statements of JB Hi-

The notes to the 2018 consolidated financial statements of JB Hi-Fi Ltd appear in the appendix to this text. Examine these notes together with other information from the website (http://investors.jbhi...

Q: Erle Smith is a financial controller with Accounting Success Ltd, an

Erle Smith is a financial controller with Accounting Success Ltd, an entity that sells software products to accounting firms and small businesses. At present, Erle is analysing a number of software pa...

Q: Search the Johnson & Johnson website for its famous credo (www

Search the Johnson & Johnson website for its famous credo (www.jnj.com.au). (Hint: Access the credo from the drop-down menu called ‘Our Company’.) Given that the credo was written nearly 60 years ago,...

Q: The downturn in the economy during 2008 revealed one of the biggest

The downturn in the economy during 2008 revealed one of the biggest cases of fraud in history. The fraud was masterminded by Bernie Madoff, a well-known American finance executive. The $65 billion Pon...

Q: The Royal Commission into Misconduct in the Banking, Superannuation and Financial

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was established in 2017. There were 10 140 public submissions, mainly in the areas of personal finan...

Q: Go to the Royal Commission website at https://financialservices.

Go to the Royal Commission website at https://financialservices.royalcommission.gov.au/Pages/default.aspx. 1. Select ‘Submissions’. 2. Select ‘Submissions in response to original request’. 3. Choose...

Q: The IASB has published its revised Conceptual Framework for Financial Reporting.

The IASB has published its revised Conceptual Framework for Financial Reporting. Required Go to the IFRS website and select the ‘Project Summary’ for the Conceptual Framework at www.ifrs.org/projects...