AccountancyStudents

Few suggestions for forum

2009-04-18T05:15:47Z

How about the following few features to the forum which according to my experience would be highly useful for current/potential members:

1. Facility to view what the currently online members are doing i.e. what posts they are watching, which posts they are replying to etc.(this feature is found on many other forums)

2. Chat box more integrated to the main page on the forum to bring it to people attention and make it MORE ASSESSABLE.

3. Advanced text formatting! I really miss this feature here!

Thanks!

Bilogical assets

2010-11-30T08:35:23Z

Do you capitalised the expenses incurred on say beef cattle which will be sold in future, say after three years so as to be in line with matching concept or you expense it? if you capitalise, do you add to the cost of the beef cattle or you disclose separely as for exapmle ‘beef cattle - capitalised cost’?

Please help.

Popular accounting journals (IFRS/US-GAAP) - recommendations

2010-03-30T07:38:47Z

Hello everyone,

Very interesting site :)

I am a foreign accountancy student, and I am currently searching a lot of academic literature/journals and essays.
Our databases don’t have a lot of english literature. That’s why I am asking here.

Are there any magazines/journals from the UK, which discuss the latest topics on IFRS/US-Gaap?
I’d really appreciate any recommendations :)

Best regards,
V

Nice and informative site

2010-02-07T20:10:13Z

I am new member of this site.Well I Go through almost all topics here..Those are quite informative.Well I have learnt quite helpful information from the healthy discussion of members over here.
As I think of this the colour combination and other graphics
‘Keep the site as it is because it is simply the best. Colour combination of background and font I like most. Speed of response also the best.’

how to prepare cash flow statement?

2009-06-07T09:57:57Z

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hi, every one. i need your help in prepaing a cash flow statement. this problem found in Accounting theroy and practice by M.W.E Glautier and B Underdown 7th edition

balacne sheet at 31 December

2000 2001 2002
$000 $000 $000

Fixed assets
plant and equipment 13,200 16,110 16,410

Current assets
stocks 2,190 2,280 2,490
trade debtors 2,040 2,100 2,430
short-term investments 4,200 1,800 1,290

current liabilites
short-term loans (2,340) (2,580) (2,550)
Trade creditors (2,760) (2,610) (2,670)
Taxation (360) (420) (530)

net current liabilites 5,460 5,610 5,750
net current assets 4,890 2,220 2,620
Total assets less current liabilites 18,090 18,330 19,030

Capital and reserves
Called-up share capital 4,500 4,500 4,500
Share premium account 9,000 9,000 9,000
Other reserves 3,280 4,060 4,570
Profit and loss account 1,310 770 960

other data
profit before tax 960 1,020 1,590
Tax on annual profit 360 420 530
Tax paid during the year 300 360 420
Annual depreciation 645 780 900
Dividends declared and paid 360 360 360

NOTES:

In 2001, equipment was sold at a loss of $210,000. New plant in 2001 cost $5,100,000 and in 2002 cost $1,200,000. profit transfered to other reserves in 2001 and 2002 amounted to $780 and $510 respectively.
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How do we account for Cost of Good Stolen ?

2009-04-19T11:51:41Z

above

Retained earning = Capital profit , why Retained earnings appears in SFP?

2009-04-19T11:50:46Z

qs above

Is this correct? Do they appear in SCiE ?

2009-04-19T11:59:29Z

State of Chan in Equity

Share Capital & Premium
Revaluation Reserve
Retained Earnings
Income
Issue of share capital

and What else comes in SCiE

No dividend payable will be shown at the yr end?

2009-04-19T12:02:19Z

Is this statement, WHAT?

Like what I know is S***T, seriously what does it mean. Dividends are given and paid and shown in stock exchanges announcements and all that.

Are there any formulas for F3 available in this forum?

2009-04-19T11:53:05Z

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