BX3011 Tutorial 1 Solutions
Chapter 1 Nature and regulation of companies
Outline the advantages of incorporation over other forms of
organisation such as partnerships.
The corporate form of organisation permits individuals to have "lim
BX3011 Solutions to tutorial 8
Chapter 10 Business Combinations
What is meant by a business combination?
AASB 3 Appendix A:
an integrated set of activities and assets that is capable of being conducted and managed for
What is meant by the term non-controlling interest (NCI)?
NCI is the term used for the ownership interest in a subsidiary other than the parent.
It is defined in AASB 127 as:
The equity in a subsidiary
BX3011 Solutions to tutorial 3
Chapter 3: Company Operations
Three essential characteristics can be derived from the definition of assets in paragraphs 4.84.14 of the Conceptual Framework 201
BX3011 Solutions to tutorial 4
Chapter 21: Insolvency and Liquidation
Outline the role of an administrator appointed to a company which is insolvent. Once an
administrator is appointed, what roles do the directors of the company have?
BX3011 Solutions to tutorial 2
Chapter 2 Financing company operations
1. Describe the purpose of each of the ledger accounts used to record the issue of
Cash Trust: used to record money received from applicants subscribing for sha
BX3011 Solutions to tutorial 5
Chapter 6: Accounting for income tax
Outline the different treatments for accounting and tax purposes of the following
(a) depreciation of non-current assets
(c) long-service leave pay
Solutions to tutorial 10
Chapter 16 Controlled entities: the consolidation method
1. Explain the purpose of the pre-acquisition entries in the preparation of consolidated
The purpose of the pre-acquisition ent
BX3011 Solutions to tutorial 9
Chapter 15 Consolidation: controlled entities
1. What is a subsidiary?
A subsidiary is an entity that is controlled by another entity, a parent.
2. What is meant by the term control?
An investor controls an
Points on Topic 7 Disclosure.
In topic 7 we cover chapters 12 and 13 from Company Accounting The focus of these two chapters
is on Disclosure. Among other things, the content of Chapter 12 deals with
General-purpose financial statements and their objectiv
Tutorial 1 sample questions for Quiz 1
Answers to sample questions
Statistical terms, data and data sources
New drug, reco