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(ii) How existing standards could be modified to meet the needs of SMEs. (6 marks
(ii) How existing standards could be modified to meet the needs of SMEs. (6 marks
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(ii) How existing standards could be modified to meet the needs of SMEs. (6 marks
(ii) Explain how the existing product range and the actions per Note (3) would feature in Ansoff’s
product-market matrix. (7 marks)
(ii) how effective delegation might be achieved; (6 marks)
John: Hello, Maria!______.
Maria: Yes, I'm pretty busy lately. How about your studies?
(ii) Advise Andrew of the tax implications arising from the disposal of the 7% Government Stock, clearly
identifying the tax year in which any liability will arise and how it will be paid. (3 marks)
A.心内膜下心肌缺血,出现与QRS主波方向一致的高大T波
B.心外膜面缺血,出现与正常相反的T波,如下壁缺血出现II、III、aVF倒置T波
C.心肌缺血时可出现ST段下移≥0.1mV
D.心肌缺血时,下移的ST段与R波夹角≥90o
E.ST段弓背向上抬高
Required:
(a) (i) Discuss the criteria which must be met for a contract with a customer to fall within the scope of IFRS 15. (5 marks)
(ii) Discuss the four remaining steps which lead to revenue recognition after a contract has been identified as falling within the scope of IFRS 15. (8 marks)
(b) (i) Tang enters into a contract with a customer to sell an existing printing machine such that control of the printing machine vests with the customer in two years’ time. The contract has two payment options. The customer can pay $240,000 when the contract is signed or $300,000 in two years’ time when the customer gains control of the printing machine. The interest rate implicit in the contract is 11·8% in order to adjust for the risk involved in the delay in payment. However, Tang’s incremental borrowing rate is 5%. The customer paid $240,000 on 1 December 2014 when the contract was signed. (4 marks)
(ii) Tang enters into a contract on 1 December 2014 to construct a printing machine on a customer’s premises for a promised consideration of $1,500,000 with a bonus of $100,000 if the machine is completed within 24 months. At the inception of the contract, Tang correctly accounts for the promised bundle of goods and services as a single performance obligation in accordance with IFRS 15. At the inception of the contract, Tang expects the costs to be $800,000 and concludes that it is highly probable that a significant reversal in the amount of cumulative revenue recognised will occur. Completion of the printing machine is highly susceptible to factors outside of Tang’s influence, mainly issues with the supply of components.
At 30 November 2015, Tang has satisfied 65% of its performance obligation on the basis of costs incurred to date and concludes that the variable consideration is still constrained in accordance with IFRS 15. However, on 4 December 2015, the contract is modified with the result that the fixed consideration and expected costs increase by $110,000 and $60,000 respectively. The time allowable for achieving the bonus is extended by six months with the result that Tang concludes that it is highly probable that the bonus will be achieved and that the contract still remains a single performance obligation. Tang has an accounting year end of 30 November. (6 marks)
Required:
Discuss how the above two contracts should be accounted for under IFRS 15. (In the case of (b)(i), the discussion should include the accounting treatment up to 30 November 2016 and in the case of (b)(ii), the accounting treatment up to 4 December 2015.)
Note: The mark allocation is shown against each of the items above.
Professional marks will be awarded in question 4 for clarity and quality of presentation. (2 marks)
To begin with a rival political group, the Bolsheviks, led by Vladimir Lennin and Leon Trotsky, supported the new government, but their relationship soon collapsed. The Bolsheviks wanted even more change—their aim was to replace the existing political structure with groups representing each sector of society and they urged every worker to join a revolution in order to bring this about. In July 1917, the Bolsheviks tried to overthrow the government but failed. They tried again on 24 October and this time they were successful. The provisional government was arrested in St Petersburg, and Lenin took over as Head of State. Support for the Bolsheviks soon spread across Russia, and world's first “workers’ revolutionary State” became reality.
From the passage we may know that the situation in Russia in 1917 was______.
A.favorable
B.in disorder
C.inspiring
D.encouraging
A 急性前壁心肌梗死 B 急性前间壁心肌梗死 C 急性高侧壁心肌梗死
D 急性下壁心肌梗死 E 急性正后壁心肌梗死
(ii) Explain how the inclusion of rental income in Coral’s UK income tax computation could affect the
income tax due on her dividend income. (2 marks)
You are not required to prepare calculations for part (b) of this question.
Note: you should assume that the tax rates and allowances for the tax year 2006/07 and for the financial year to
31 March 2007 will continue to apply for the foreseeable future.
(ii) Discuss TWO problems that may be faced in implementing quality control procedures in a small firm of
Chartered Certified Accountants, and recommend how these problems may be overcome. (4 marks)