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University of New South Wales

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2014 S2 ACCT5942  group assignment
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2014 S2 ACCT5942 group assignment

ACCT5942 - Corporate Accounting and Regulation

12 Pages University of New South Wales Essay / Project Year: Pre-2017

Contents Executive Summary…………………………………………………………………………………………1 Introduction……………………………………………………………….……………………………....……2 Section1Compare nature and function classifications…………………………..….……2 Analysis of other retailing firms…………………………………………………………………….…….3 Section 2 Single or two statements ..……………………………………………..……...…….….. 4 Single statement ……………………………………………………………………………………………..….4 Separate statements ……………………………………………………………………………………...…...4 Recommendation ……………………………………………………………………………………...…….....5 Section 3 Materiality, Aggregation and Offsetting………………………………….…..……5 Nature measure ……………………………………………………………………………………..……...…..6 Fire or water damage ……………………………………………………………...……………….….…..…6 Foreign exchange loss/profit…………………………………………………………………….……...…6 Offsetting ……………………………………………………………………………………………………..……7 Section 4 Assumptions for allocating expenses into activities …………….………...7 Section 5 Other relevant information are not available for disclosure ………….7 Section 6 Statement of Comprehensive Income …………………………………………….8 Notes …………………………………………………………………………………………………………..........8 Section 7 Conclusion ……………………………………………………..……………………………….10 References................................................................................................................................................11


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