Juta and Company Ltd, Apr 1, 2008 - Business & Economics - 721 pages
"Accounting Standards" introduces students to general accounting principles and the disclosure requirements of company financial statements. The emphasis is on the requirements of Accounting Statements and Interpretations issued by the South African Institute of Chartered Accountants, which form the basis of Generally Accepted Accounting Practice (GAAP) in South Africa. Incorporated into this latest edition are the changes brought about by new accounting standards, issued as a consequence of the South African Institute of Chartered Accountants' Harmonisation and Improvement of Accounting Standards Project. The book is intended to satisfy the specific requirements of students and to reduce the workload of educators.
What people are saying - Write a review
We haven't found any reviews in the usual places.
AC 138 Firsttime adoption of IFRS
Other editions - View all
000 Depreciation 1973 as amended 28 February Accepted Accounting Practice accordance with Statements accounting policy Accumulated depreciation African Revenue Service amortised Balance at 31 balance sheet date calc Calculate capitalised Carrying amount cash flow statement changes in equity Companies Act comply with Statements consolidated contract Cost of sales Current liabilities Current tax Deferred tax disclosed disclosure earnings per share ended 30 June ended 31 December entity EQUITY AND LIABILITIES fair value finance lease financial statements financial year ended impairment loss Income tax expense January journal entries LTD NOTES machine machinery operating lease ordinary shares paid payable period plant and equipment Practice and Schedule Profit before tax purchased QUESTION Rand Dr/(Cr Rand Profit Rand Rand Rand recognised residual value Retained earnings Revaluation surplus segments Share capital South African Revenue statement of changes subsidiaries Suggested solution tax rate temporary differences Total equity transactions Wear and tear xx xxx year-end