Bn FULLY usnn .
BE _ BTING?
FAIR VALUE ACCOUNTING
[5 MORE REFLECTIVE OF
AND ECONOMIC REALITY.
THE conceptual frameworks
of both the USA Financial
Accounting Standards Board
(FASB) and the Int
BA311 Accounting Theory and Practice Assignment
May August 2016
Faculty of Business and Information Science
A coursework completed as part of the requirement for
: ACCOUNTING THEORY AND PRACTICE
: Ms. Ho Wa
Richard Nixon Raj
Accounting Framework for Islamic
What are significant criteria
that significantly affect and
influence the recording
process of Islamic fin
b) Explain how are fair values be calculated
c) Explain the advantages of fair value based
EXPLAIN HOW ARE FAIR VALUES BE CALCULATED.
According to MFRS 13, there are 3
hierarchical levels of information
sources that may be used to
Read an article titled Should Fair Value Be Fully Used In Financial Reporting? (Appendix II).
(a) Use ONE (1) example to explain the meaning of fair value.
(b) Explain how are fair values be calculated.
(c) Explain the advantages of
Basic Framework of Integrated Reporting
the IR model recognizes six types of capital,
with these being consumed by a business and
also created as part of its business processes.
It is the way that capitals are consumed,
This project enables students to:
Communicate the understanding of ideas and concepts in the syllabus.
Discuss the connections between course contents and the real practice.
FORMAT OF FINAL REPORT:
Form a group minimum of 6 an
Best Cut Saloon Sdn Bhd, which closes its accounts to 31 August, decided to change its year-end to
30 September in 2014. The details of its accounts are as follows:
Year ended 31 August 2013
1 September 2013 to 30 Septemb
Section 4 of the Income Tax Act 1967
Classes of income on which tax is chargeable:
(a) gains or profits from a business S4(a);
(b) gains or profits from an employment S4(b);
(c) dividends, interest or discounts S4(
Individual residence status
Mr Viswanathan is an interior designer based in Singapore. He returned to Malaysia to stay with his old father
who had a stroke in Kuala Lumpur from 28 October 2014 until 31 May 2015. During this short duration of
Jacob George is a self-employed contractor. While travelling to work one day, he had the
misfortune of colliding with a lorry that sped through a red traffic light. Mr Jacob George was
hospitalised for three months and
Mandys Flowers Bhd (MFB) is a long established florist in Seremban, enjoying a monopoly in the
supply of wreathes and bouquets to many clients in Seremban. When Mr Jackie Chan saw the
opportunities in Seremban, he
Dhylan and Kevin have been operating a shop selling computers and computer accessories for the
last five years. The accounts are prepared to 31 December each year. The partnership agreement
prepared by Dhylan and Ke
1. The ITA allows a deduction for the use of
assets in the form of capital allowances
which are deductible from Adjusted Income
sec 42 & Schedule 3
2. Qualifying expenditure (QE) on:
i. Plant & Machinery
ii. Industrial Buil
Ong Steel Sdn Bhd operates a factory in Ipoh. The company bought a large house next to the
factory for RM1.6 million, and converted it to a childcare centre for the children of its employees. It
incurred another RM
Section 33, 39, 34, 44,
of trade or after
Mr. Tony Benson is an Australian citizen who has settled in Kuala Lumpur under the Malaysia: My
Second Home programme. He is a well published author and likes the Malaysian food and climate.
On 30 November 2015, Mr Be
Overview on Malaysian taxation
What are the 2 types of taxes and give examples? Give examples under these types of
Why does a government collect taxes?
What are the requirements an efficient tax system sho
Food has an undeniable importance in the tourism industry. Food tourism can be
defined as any tourism experience in which one learns about and consumes cuisine that
reflects the local culture. While cuisine has always been an important part of most travel
BB308/CB304 Management & Information Systems
Tutorial 4: Chapter 2 Strategic Use of Information Resources
The above figure shows the eras of information usage in the organization until early year 2000.
Search and discuss abo
Financial Management 1
1. Counterpoint plc, a wholesaler, has the following accounting ratios for last year and
On the basis of these ratios, comment on the performance of the business this year
as compared with last year.
1. You will not be able to communicate effectively if
Correct answer: your message contains words that the receiver cannot
2. Which component is not required for communication to take place?
Correct answer: feedback
3. Which of the