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ACC303 Company Accounting : Financial Statements

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ACC303 Company Accounting

Questions:

Question 1:

Why did the parent entity have to prepare consolidated financial statements when the subsidiary company is a separate legal entity in its own right? 

Question 2:

Does the published set of group financial statements reveal the company’s policy on corporate governance, audit committees, sustainability, solvency? Does it reveal these issues and if so where and why?

Question 3:

Has there been any goodwill on the acquisition? Or any gain on bargain purchase? Where would you find it in the financial statements and what does it mean? Any impairment?

Question 4:

Any other relevant matter that you may wish the board of directors to make note of in respect of some transaction or event, the balance of account or disclosure that will assist them in understanding the financial statements of the group.

1. Kbs values academic integrity. All students must understand the meaning and consequences of cheating, plagiarism and other academic offences under the academic integrity and conduct policy. What is academic integrity and misconduct? What are the penalties for academic misconduct? What are the late penalties? How can i appeal my grade?

2. This is an individual assignment and you need to address the issues noted in the assignment details, and write a memorandum to the board of directors (the members of the board have varying degrees of accounting knowledge or understanding) as noted in the assignment details.

ACC303 Company Accounting

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