104 Walter Woo” on Compargy LAW
3.53 Sometimes, however, a company may need to execute a deed. This is done
under the company’s common seal.63 The articles usually provide that the seal can
only be afﬁxed by authority of the board, signed by a director an
48 Walter W007: 071 Camry Law
national interest for the company to be registered.49
2.18 If the Registrar exercises his discretion to -refuse to register a company
on grounds (3) or (4) above, an aggrieved party may appeal to the Minister. The
Recognition and Measurement in
Accounting is a communication process.
To successfully communicate information to users
of financial statements, accountants and managers
must answer two questions:Q1
What economic events should be
Inventories (FRS 2)
Inventories are assets
(a) held for sale in the ordinary course of business
(b) in the process of production for such sale (work in
(c) in the form of materials or supplies to be consumed
in the productio
B6020 GROUP PRESENTATION / WRITTEN ASSIGNMENT WEEK 3
Group 2 Submit Slides & Present
Group 7 Submit Written Assignment
1. Ivey case Groupon and the SEC
Questions are in the case.
2. An IT vendor Sim Lim Ltd sold software to a customer Gull Ltd for $90,000
Why does Accounting exist?
Why does Business exist?
To create value
in a business setting, to make profits
Accounting exists because
decision makers need information
for decision-making (to create value)
What is Accounting?
Process of recognising, me