Questions from General Accounting

Q: The AASB, as part of its work program, offers comment

The AASB, as part of its work program, offers comment on documents such as proposed agenda decisions, exposure drafts, draft exposure drafts, invitations to comment and discussion papers. Go to the ‘W...

Q: A survey conducted by PricewaterhouseCoopers in 2018 shows that 45 per cent

A survey conducted by PricewaterhouseCoopers in 2018 shows that 45 per cent of organisations experienced customer fraud in the last two years. Likewise 43 per cent suffered a cyber-attack. The most co...

Q: CPA Australia and CAANZ have designated areas on their websites for technical

CPA Australia and CAANZ have designated areas on their websites for technical resources and updates. Go to each of the respective bodies’ websites (www.cpaaustralia.com.au and www.charteredaccountants...

Q: The directors of Carlos Ltd provide you with the following financial information

The directors of Carlos Ltd provide you with the following financial information for the period ended 30 September 2019: selling expenses $96 000; occupancy expenses $12 000; finance expenses $26 400;...

Q: Describe the relationship between the revised Conceptual Framework and the accounting standard

Describe the relationship between the revised Conceptual Framework and the accounting standard AASB 116 Property, Plant and Equipment.

Q: I put it to you that the directors are responsible to the

I put it to you that the directors are responsible to the shareholders for profit in perpetuity; and that this general expression of a principle permits, indeed requires, directors to pay full regard...

Q: Outline some of the legal constraints in legislating for the consideration of

Outline some of the legal constraints in legislating for the consideration of stakeholder interests.

Q: Members of the two accounting professional bodies, CPA Australia and the

Members of the two accounting professional bodies, CPA Australia and the Chartered Accountants of Australia and New Zealand (CAANZ), have to comply with the APES 110 Code of Ethics for Professional Ac...

Q: Your client MJM Ltd consults with you in relation to the new

Your client MJM Ltd consults with you in relation to the new financial information system that it wishes to have installed. You are technically competent in this area, and so accept the engagement. Yo...

Q: Comment on the following situations in relation to the ASX CGC Corporate

Comment on the following situations in relation to the ASX CGC Corporate Governance Principles and Recommendations. (a) A member of a board of directors insists on being involved in the employment of...