Amounting Case Studies Samples For Students

Part A: Classification of items as assets or liabilities

Under this section, we will classify each of the given accounting transactions under appropriate category. Below presented is the snapshot of the excel sheet indicating the correct answers followed by the reasons for their classification under the relevant category:

Reasons for classification of each item:

a) An amount of £40K owed in incorporation tax: Since the company owes an amount, it will be classified under the liabilities section.
b) Stock worth £15K in the stock room: Stock/ Inventories are the current assets of the company and hence will be classified under current assets only.
c) An amount of £20K paid to a supplier for a product yet ...

Executive Summary

One Tel Communications was the fourth largest telecommunications company in Australia. It touches on matters regarding poor management, fraudulent misstatements, the use of remuneration packages for self-interest and lack of regard of accounting policies and legal regulations. These, together with other factors, have led the company to liquidation in 2001.
This report summarizes the key facts from the start of the company business, its capital structure, the people involved in the accounting scandal, the auditing scenario, factors that contributed to the business failure, the audit risks existing at that time, to the conclusion and possible audit procedures that ...

The taxation of the capital gains made during the disposal of the property by James will be considered under the Income Tax Assessment Act of 1997, section 104-105 which deals with capital gains for individuals. This is wholly embedded in the Goods and services Tax act of 1999 (div 9-11). Using this act, considerations will be made on each tax event under the capital gains tax and analysis made on how each will be treated under the act. In the disposal of the property, either a capital gain or a capital loss is made, and such a gain or loss will have to ...

[Institution’s Name]

Background

The Colgate Palmolive Company (CPC) is basically an American based multinational consumer Products Company which have a focused on the production, marketing and distributing of households, healthcare and personal products including detergent, soaps and oral hygienic products in particular. The product line of the company including toothpaste and tooth brushes as well. The company has its headquartering located in New York City (NYC), United States.
The brand of Colgate list down in 10 most valuable brands of the world and it is one of those companies which had a perfect tract record in terms of increasing the ...

- Identify the problem they have now or will have in the future.
The first problem which the couple is currently facing is overspending. After deducting all the expenses which the couple is incurring monthly from their total combined income, John and Mary are incurring a monthly deficit of $3,317.95. This computation is based on the net earnings of the couple after deducting income tax and voluntary superannuation contribution, which both John and Mary participate in (ATO, 2014). This is in spite of the numerous income sources which they individually have and bearing in mind also that they ...

Abstract

International financial decisions are never easy to make. This is majorly because of the various that bring a lot of uncertain elements in the decision making process. In most case, the issue of contention in international finance is majorly uncertainties in future exchange differences. This is explained in the case study that follows. In this example, the company is torn between accepting a sure amount of money from a bank, and awaiting the outcome of a risky and unsure income.
This paper seeks to unravel the element of uncertainty in this decision. This will be done by an analysis of the risks ...