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Dr Dharmendra Naidu (6)

Study Guides for Dr Dharmendra Naidu

Financial accounting

ACC2100 Study Guide - Final Guide: Current Asset
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ASSETS Tuesday, 23 May 2017 9:02 pm Definition Criteria for Assets (1) Future economic benefits (service potential) Potential to contribute, directly or indirectly, to the flow of cash to the entity Generate cash flows thr...

Accounting
ACC2100
Dr Dharmendra Naidu
ACC2100 Study Guide - Final Guide: Current Liability
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LIABILITIES Tuesday, 23 May 2017 9:07 pm Definition Criteriafor Liabilities 1. Future outflow of economic benefits Settlement of the present obligation E.g., bank contract specifies future outflow Giving up resources to se...

Accounting
ACC2100
Dr Dharmendra Naidu
ACC2100 Final: INCOME REVENUE
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INCOME REVENUE Tuesday, 23 May 20179:11 pm Definition Criteriafor Income 1. Inflows (increases in assets or decreases in liabilities) Cash credit sale (enhances debtors) or forgiveness of debt (e.g., discount received) 2. ...

Accounting
ACC2100
Dr Dharmendra Naidu
ACC2100 Final: EXPENSES
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EXPENSES Tuesday, 23 May 20179:14 pm Definition Criteriafor Expenses 1. Outflows( decrease in assets or increase in liabilities) Salaries paid or owed 2. Resultant decrease in equity Reduction in net worth 3. Other than di...

Accounting
ACC2100
Dr Dharmendra Naidu
ACC2100 Study Guide - Final Guide: Going Concern, Historical Cost
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QUALITATIVE CHARACTERISTIC 4 Tuesday, 23 May 2017 9:17 pm Understandability Reports should be presented in a manner that make it easy for the users to comprehend their meaning Reliability Reports should contain information...

Accounting
ACC2100
Dr Dharmendra Naidu
ACC2100 Study Guide - Final Guide: Accounts Receivable, Accrual, Deferred Tax
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Tutorial Questions: C h 6 RQ 2, 3, 4, 5 and PQ 6.2, 6.10 (a), 6.13 (a) Question 6.2 LO 4, Current tax liability in four cases The chief financial officer of Lost Weekend Ltd has asked you to calculate the taxable income an...

Accounting
ACC2100
Dr Dharmendra Naidu

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