Accounting Business Reporting for Decision Making

CHAPTER 5 Balance sheet 167 5.5 The definition of liabilities LEARNING OBJECTIVE 5.5 Apply the liability definition criteria. We ...

168 Accounting: Business Reporting for Decision Making undertake a major overhaul of its machinery. Until the overhaul is perfor ...

CHAPTER 5 Balance sheet 169 5.7 Assets, liabilities and equity LEARNING OBJECTIVE 5.7 Apply the recognition criteria to assets, ...

170 Accounting: Business Reporting for Decision Making Definition Asset Liability Recognition considerations Present economic re ...

CHAPTER 5 Balance sheet 171 For companies which have investments in other companies that give them control of those entities’ fi ...

172 Accounting: Business Reporting for Decision Making Entities are required to disclose the subsidiaries that they consolidate ...

CHAPTER 5 Balance sheet 173 Consolidated Notes 2015 $’000 2014 $’000 Current liabilities Trade and other payables Provisions Oth ...

174 Accounting: Business Reporting for Decision Making Accounting standards exist that prescribe the presentation and disclosure ...

CHAPTER 5 Balance sheet 175 physical characteristics expected timing of future economic benefits purpose. Liabilities and equi ...

176 Accounting: Business Reporting for Decision Making The various asset classes disclosed on the balance sheet for a large enti ...

CHAPTER 5 Balance sheet 177 ILLUSTRATIVE EXAMPLE 5.2 Goodwill determination On 1 July 2014, Vocation acquired 100 per cent of th ...

178 Accounting: Business Reporting for Decision Making FIGURE 5.8 (continued) JB Hi-Fi Ltd’s assets on the balance sheet Note Di ...

CHAPTER 5 Balance sheet 179 JB Hi-Fi Ltd has both identifiable and unidentifiable intangible assets recognised on its balance sh ...

180 Accounting: Business Reporting for Decision Making As with assets, more detailed information regarding the components of the ...

CHAPTER 5 Balance sheet 181 We stated earlier that provisions are liabilities for which uncertainty is associated with the amoun ...

182 Accounting: Business Reporting for Decision Making JB Hi-Fi Ltd is typical of that for a large entity. Not dissimilar to a s ...

CHAPTER 5 Balance sheet 183 TA BLE 5.1 Concept of retained earnings Statement of profit or loss Distribution of profits Equity s ...

184 Accounting: Business Reporting for Decision Making equation, increasing the asset value requires a corresponding entry to ke ...

CHAPTER 5 Balance sheet 185 5.10 Measurement of various assets and liabilities LEARNING OBJECTIVE 5.10 Discuss the measurement o ...

186 Accounting: Business Reporting for Decision Making discusses advantages and disadvantages associated with each of the measur ...