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20 Which of the following events occurring after the balance sheet date are classified as
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19 Which of the following statements about intangible assets in company financial statemen
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18 How should interest charged on partners’ drawings appear in partnership financial state
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17 A business income statement for the year ended 31 December 2004 showed a net profit of
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16 Which of the following statements about accounting concepts and conventions are correct
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15 A trader who fixes her prices by adding 50% to cost actually achieved a mark-up of 45%.
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10 Which of the following costs should be included in valuing inventories of finished good
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9 Which of the following items must be disclosed in a company’s published financial statem
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8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they admitt
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5 An enterprise has made a material change to an accounting policy in preparing its curren
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(b) Discuss the relative costs to the preparer and benefits to the users of financial stat
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4 Whilst acknowledging the importance of high quality corporate reporting, the recommendat
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Discuss the principles and practices which should be used in the financial year to 30 Nove
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Required:Discuss the principles and practices which should be used in the financial year t
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3 Johan, a public limited company, operates in the telecommunications industry. The indust
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2 Marrgrett, a public limited company, is currently planning to acquire and sell interests
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(c) Discuss the ethical responsibility of the company accountant in ensuring that manipula
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(b) Discuss the key issues which the statement of cash flows highlights regarding the cash
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(b) Discuss how management’s judgement and the financial reporting infrastructure of a cou
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4 The transition to International Financial Reporting Standards (IFRSs) involves major cha
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