Questions from General Accounting

Q: Provide an example each of a company that would produce a GPFS

Provide an example each of a company that would produce a GPFS and a company that would produce a special purpose financial statement. Who are the likely stakeholders of both types of entities?

Q: One of the new opportunities for accounting graduates is forensic accounting.

One of the new opportunities for accounting graduates is forensic accounting. What does forensic accounting entail? Provide an example of a position as a forensic accountant.

Q: List five stakeholders of accounting information. Describe the information requirements for

List five stakeholders of accounting information. Describe the information requirements for each one; for example, lenders would need information regarding the business's ability to repay debt and ser...

Q: JB Hi-Fi Ltd has a legal obligation to prepare and

JB Hi-Fi Ltd has a legal obligation to prepare and lodge financial statements. Access the notes to JB Hi-Fi Ltd’s most recent financial statements and identify the rules and regulations that govern th...

Q: From the following account balances of Frosty Pty Ltd as at 30

From the following account balances of Frosty Pty Ltd as at 30 June 2019, prepare a statement of financial position in both the T-format and the narrative classified format. Cash at bank …………………………………...

Q: From the following account balances of Graceview as at 31 December 2019

From the following account balances of Graceview as at 31 December 2019, prepare a statement of financial position in both the T-format and the narrative classified format. Note: You will need to dete...

Q: Solve for the missing financial numbers as they would appear in the

Solve for the missing financial numbers as they would appear in the statement of financial position.

Q: Identify whether the following assets would be classified as current or non

Identify whether the following assets would be classified as current or non-current as at the end of the reporting period, justifying your classification decision. (a) Prepaid expenses (b) Intangible...

Q: Identify whether the following liabilities would be classified as current or non

Identify whether the following liabilities would be classified as current or non-current as at the end of the reporting period, justifying your classification decision. (a) Provision for employee annu...

Q: Qantas Group has been ranked amongst the top six airlines of global

Qantas Group has been ranked amongst the top six airlines of global carriers when it comes to the availability of frequent flyer reward seats based on the ninth annual CarTrawler Reward Seat Availabil...