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Class Notes (1,032,691)
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ACF2100 (18)

Class Notes for ACF2100 at Monash University - Caulfield

Financial accounting

ACF2100 Lecture Notes - Lecture 10: Issued Shares, Financial Statement, Rights Issue

Topic 10 Earnings per share Earnings per share is a ratio that is calculated by comparing an entitys profit with the number of ordinary shares it has on issue. Its used to compare the after-tax profit available to ordinary...

Accounting
ACF2100
Michelle (Chenlan) Song
ACF2100 Lecture Notes - Lecture 4: Impaired Asset, Contingent Liability, Share Capital

Topic 4 Impairment of assets Business combination Impairment of Assets The purpose of the impairment test is to ensure that assets are not overstated than the worth of the assets in the financial reports. If the CA of the...

Accounting
ACF2100
Michelle (Chenlan) Song
ACF2100 Lecture Notes - Lecture 3: Deferred Tax

Topic 3 PPE PPE are tangible assets that are held for use, and are expected to be used during more than one period. AASB 116 allows a choice of two possible measurement models: Revaluation model (This week) Cost model (Nex...

Accounting
ACF2100
Michelle (Chenlan) Song
ACF2100 Lecture Notes - Lecture 9: Equity Method, Retained Earnings, Financial Statement

Topic 9 Equity Accounting (a specific accounting method-the equity method) Associates and Joint Ventures (JVs) are accounted for using the equity method. 1) An associate is an entity over which the investor has significant...

Accounting
ACF2100
Michelle (Chenlan) Song
ACF2100 Lecture Notes - Lecture 2: Income Tax, Deferred Tax, Satb

Topic 2 Accounting for income tax: Current Tax Issues Accounting profit: the determination of accounting profit derived by applying generally accepted accounting principles accounting standards. Taxable profit: determined...

Accounting
ACF2100
Michelle (Chenlan) Song
ACF2100 Lecture Notes - Lecture 6: Financial Statement, Retained Earnings

Topic 6 Consolidation: wholly owned subsidiaries 1. Consolidated financial statements involve combineadding together of the financial statements of all entities within a single economic entity. (group perspective) The enti...

Accounting
ACF2100
Michelle (Chenlan) Song
ACF2100 Lecture Notes - Lecture 7: Consolidated Financial Statement, Financial Statement, Interest Expense

Topic 7 Intra-group transactions (elimination) Step 4 When related entities trade with each other: A. Consolidated financial statement only include the transactions between the group external entities, Hence, the effects ...

Accounting
ACF2100
Michelle (Chenlan) Song
ACF2100 Lecture Notes - Lecture 1: Share Capital, Private Placement, Retained Earnings

Topic 1 Regulation financing company operations A) Issue shares st nd rd Instalment basis: 1 Application; 2 Allotment; 3 call 1 Dr. Cash Trust (A) Cr. Application (L) (Cash received on application) 2 Dr. Application (L) D...

Accounting
ACF2100
Michelle (Chenlan) Song
ACF2100 Lecture Notes - Lecture 1: Faithful Representation, Reduced Cost, Creative Accounting
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Week 1 lecture notes ACF3100: The Australian Accounting Environment I. Financial accountingn defined: collection and processing of financial information to meet the decisionmaking needs of external parties heavily regula...

Accounting
ACF2100
Michelle (Chenlan) Song
ACF2100 Lecture Notes - Lecture 9: Preferred Stock, Weighted Arithmetic Mean, Australian Securities Exchange
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WEEK 9 Lecture notes ACF3100 EARNINGS PER SHARE Learning objectives: Be able to define and calculate basic earnings per share Know how to adjust the calculation of basic earnings per share to take account of the existenc...

Accounting
ACF2100
Michelle (Chenlan) Song
ACF2100 Lecture Notes - Lecture 4: Intangible Asset, Financial Statement, Identifiability
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Lecture 4 ACF3100 Intangibles Learning Ojectives: 1. Define an intangible asset and discuss its characteristics. 2. Recognition issues and subsequent measurement (revaluation, amortisation, impairment) for intangibles as ...

Accounting
ACF2100
Michelle (Chenlan) Song
ACF2100 Lecture Notes - Lecture 11: Interest Rate Swap, Financial Instrument, Cash Flow
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Lecture Note 11 ACF3100 Derivative Financial Instruments Hedging with Foward Contract RECALL: Derivative Financial Instruments Derivative financial instruments create rights and obligations that have the effect of transfe...

Accounting
ACF2100
Michelle (Chenlan) Song
ACF2100 Lecture Notes - Lecture 10: Classification Rule, Financial Instrument, Interest Expense
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Lecture note 10 ACF3100 Financial Instruments Part 1: Foreign Currency Transactions i. What are Financial Instruments? A financial instruments is any contract that gives rise to financial asset of one entity and a financi...

Accounting
ACF2100
Michelle (Chenlan) Song
ACF2100 Lecture 8: Lecture 8 Note – Extractive Industries
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Lecture 8 Note Extractive Industries AASB 6 Exploration for and Evaluation of Mineral Resources I. Introduction Extractive industries are Exploration, Production, Sale of, nonrenewable natural resources such as minerals, ...

Accounting
ACF2100
Michelle (Chenlan) Song
ACF2100 Lecture Notes - Lecture 6: Employee Benefits, Precondition, Profit Sharing
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Lecture 6 Notes ACF3100 AASB 119: Employees Benefits AASB 2: Sharebased payments i. AASB 119 Recognition Employer required to recognised a liability when an employee provides service in exchange for employee benefits to b...

Accounting
ACF2100
Michelle (Chenlan) Song
Permachart - Marketing Reference Guide: Statement Of Changes In Equity, Retained Earnings, Cash Cash

permacharts MT FINANCIAL STATEMENTS • Financial statements are documents that are BALANCE SHEET (B/S) STATEMENT OF RETAINED EARNINGS (SRE) ...

Accounting
ACTG 2010
All Professors
Accounting II - Reference Guides

Advance your knowledge with our advanced Accounting II! This companion Guide to Accounting I develops the reader’s understanding of balance sheets before moving into an effective summary of how assets are treated for accou...

Accounting
ACTG 2010
All Professors
Cost Accounting - Reference Guides

Specialized Accounting quick reference information in one handy place! This Guide provides specialized reference material that flows naturally from the contents of its companion Guides Accounting I and Accounting II. The t...

Accounting
ACTG 2010
All Professors

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