Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
ACC2004 Corporate Finance
Trimester 1 2016 Tutorial Program
Tutorial 7 (Week 9)
A) Concept Questions
Q1 Describe the characteristics of a call option and a put option, and define the premium and the
strike price, or exercise price, from the perspective of
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
SINGAPORE INSTITUTE OF TECHNOLOGY
BACHELOR OF ACCOUNTANCY WITH HONOURS PROGRAMME
ACC1012 REGULATORY FRAMEWORK OF ACCOUNTING
GROUP ASSIGNMENT
1.
Introduction
This assignment constitutes 25% of ACC1012 total marks. It is to be carried
out by a group of abou
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
SINGAPORE INSTITUTE OF TECHNOLOGY
BACHELOR OF ACCOUNTANCY WITH HONOURS PROGRAMME
ACC1012 REGULATORY FRAMEWORK OF ACCOUNTING
TUTORIAL 4: CURRENT LIABILITIES, PROVISIONS AND CONTINGENCIES
1.
Textbook page 587 (Ex E9-32B)
The accounting records of Made from
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
SINGAPORE INSTITUTE OF TECHNOLOGY
BACHELOR OF ACCOUNTANCY WITH HONOURS PROGRAMME
ACC1012 REGULATORY FRAMEWORK OF ACCOUNTING
TUTORIAL 6: Practice Questions
Q1.
Leon Company began operations at the beginning of 2015. The following information
pertains to th
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
FRS 32 Financial Instruments Presentation
Financial Instruments
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial
liability or equity instrument of another entity.
Financial Asset
A financial asset is:
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
FRS 39 Financial Instruments Recognition and Measurement
Application of FRS 39
The definition is wide and includes cash, deposits in other entities, trade receivables, loans to other
entities, investments in debt instruments, investments in shares and oth
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
SINGAPORE INSTITUTE OF TECHNOLOGY
BACHELOR OF ACCOUNTANCY WITH HONOURS PROGRAMME
ACC1012 REGULATORY FRAMEWORK OF ACCOUNTING
TUTORIAL 6: ACCOUNTING FOR LEASES; ACCOUNTING FOR INCOME TAXES
1.
Textbook page 597 (Ex E9-76A)
On 31 December 20X0, Mugaboo Corp.
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
ACC1012
REGULATORY FRAMEWORK OF ACCOUNTING
Trimester 3 AY2015/2016
Revision Lecture
1
Objective of Financial Accounting
Objective: Provide financial information about the reporting
entity that is useful to:
present and potential equity investors,
lender
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
ACC1012
REGULATORY FRAMEWORK OF ACCOUNTING
Trimester 3 AY2015/2016
Lecture 3: Inventories, PPE and Intangibles
1
Learning Objectives
1. Distinguish between perpetual and periodic inventory systems.
2. Determine the goods included in inventory and the effe
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
January 2016
International Financial Reporting Standard
IFRS 16 Leases
International Financial Reporting
Standard 16
Leases
IFRS 16 Leases is issued by the International Accounting Standards Board (IASB).
Disclaimer: the IASB, the IFRS Foundation, the aut
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
Consideration
Consideration
Definition of consideration
Dunlop v Selfridge [1915] AC 847, Lord Dunedin
defined consideration as:
an act or forbearance of one party or the promise
thereof, is the price for which the promise of the other
is bought and th
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
Acceptance
Element 2 - ACCEPTANCE
What is the definition of acceptance?
A communication to the offeror that he
accepts the offer unconditionally.
Can be made in
orally
by conduct
In writing
Is silence consent?
Manner of Acceptance
Silence is ineffe
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
Legal Capacity &
Privity of Contract
Minors
In Singapore, minor is anyone under the age of
21 years.
In other countries like Australia and Malaysia, it
is 18 years.
Issue is whether a minor can sign contracts?
This depends on:
Contract for Necessaries
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
Offer
Types of Contracts
Simple Contract and Contracts
Under Seal
Simple Contracts
it may be written
It may be partly written or partly oral
It may be wholly oral
It may be implied form the parties
action
4 Elements of Contract
Offer
Acceptance
Cons
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
ACC1009
MCQ Questions for revision of lecture 1 to 6
1.
Independent professional services that are provided on financial or other information that
improve the quality of decision making are known as
a. internal auditing.
b. financial auditing.
c. assuranc
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
SINGAPORE INSTITUTE OF TECHNOLOGY
BACHELOR OF ACCOUNTANCY WITH HONOURS PROGRAMME
ACC1012 REGULATORY FRAMEWORK OF ACCOUNTING
TUTORIAL 8: BUSINESS COMBINATIONS
1.
Identification of Subsidiary
Citrus Company has a 49% shareholding in each of the following th
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
Lecture 4
Audit planning
Reading reference:
Eilifsen, A., W.F. Messier Jr., S.M. Glover, and D.F. Prawitt. 2014, Auditing & Assurance
Services, Chapters 3 & 5
1
Audit Planning
Learning outcomes:
Understand the professional ethics for the acceptance
of ne
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
ACC2004 Corporate Finance
Trimester 1 2016 Tutorial Program
Tutorial 6 (Week 8)
A) Concept Questions
Q1 In what scenario is a projects risk likely to match the risk of the firm overall?
Q2 How do we estimate a projects unlevered cost of capital when the p
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
Statistics
Practice Questions Estimation
1. A random survey of 200 SIT undergraduates found that they spent an average of three
hours a day studying. Assume that the standard deviation for all the universitys
students is one hour.
Based on the sample, ca
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
ACC2004 Corporate Finance
Trimester 1 2016 Tutorial Program
Tutorial 8 (Week 10)
A) Concept Questions
Q1 Hi Gear Toys Ltd is facing severe financial difficulties; its cash flows are barely enough to cover
its fixed interest commitments. Hi Gears share pri
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
ACC2004 Corporate Finance
Trimester 1 2016 Tutorial Program
Tutorial 5 (Week 6)
A) Concept Questions
Q1 What possible signals does a firm give when it cuts its dividend?
B) Textbook - End of Chapter 17 Payout Policy Problems
Q17-2, 17-3, 17-6, 17-11, 17-2
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
ACC2004 Corporate Finance
Lecture 5 (Week 5 )
Payout Policy
Associate Professor SzeKee Koh
Lecture 5 Outline:
Overview
Distribution to shareholders
Dividend vs Share repurchase
The Payout Controversy
The Tax Disadvantage of Dividends
Dividend Capture and
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
ACC1005 Foundations of Finance (Tri-semester 3, 2015/2016)
Additional Practice Questions
TVM, Bonds and Equity
Question 1
Kimberly Ford invested $10,000 10 years ago at 16 percent, compounded quarterly. How
much has she accumulated?
Question 2
Match the f
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
ACC2004 Corporate Finance
Lecture 7
(Week 8)
Options Part I
Financial Options & Option Valuation
Associate Professor SzeKee Koh
Lecture 7 Outline:
PART ONE
The Basic of Options
Understanding Option Contracts
Option Payoffs at Expiration
Long position
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
ACC2004 Corporate Finance
Trimester 1 2016 Tutorial Program
Tutorial 4 (Week 5)
A) Concept Questions
Q1 Why should shareholders be concerned about financial distress costs that will be borne by debt
holders?
Q2 Describe the tradeoff theory?
Q3 What does t
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
ACC2004
Corporate Finance
Lecture 6 (week 6)
Capital Budgeting and Valuation with
Leverage
Associate Professor SzeKee Koh
Lecture 6 Outline:
Methods of valuation
Weighted Average Cost of Capital
Lecture illustration example: Omega Corporation
Implement
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
SUGGESTED FORMULA SHEET
Capital Structure in a perfect market
Enterprise Value Market Value of Equity Debt Cash
P / E Ratio
Market Capitalization
Share Price
Net Income
Earnings per Share
Enterprise Value to EBIT=
Market Value of Equity + Debt - Cash
EBI
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
Lecture 11
Auditing cash, bank,
and wages
Reading reference:
Eilifsen, A., W.F. Messier Jr., S.M. Glover, and D.F. Prawitt. 2014, Auditing & Assurance
Services, Chapter 12 & 16
1
Auditing cash, bank, PPE & wages
Learning outcomes:
Explain substantive ana
Corporate Finance, Global Edition, 3rd, Berk, Jonathan & DeMarzo
ACCT ACC2004
-
Fall 2016
file:/R:/Management Report/2014/Mgmt Jun14/Ver 3.3/WEN YI PLASTERCEIL DECOR PTE. LTD. 30062014.ods
WEN YI PLASTERCEIL DECOR PTE. LTD.
(Co. Reg. No.: 200711263R)
( Incorporated in the Republic of Singapore )
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDE
