The accountant of the private secondary college, St Lucia, is preparing the schools financial statements. Discuss the
Question:
The accountant of the private secondary college, St Lucia, is preparing the school’s financial statements. Discuss the justification for the school preparing special purpose financial statements rather than general purpose financial statements.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (6 reviews)
The discussion entails special purpose financial statements of which the private second...View the full answer
Answered By
Brian Otieno
I'm Brian , an experienced professional freelancer with countless hours of success in freelancing many subjects in different disciplines. Specifically, I have handled many subjects and excelled in many disciplines. I have worked on many Computer Science projects and have been able to achieve a lot in that field. Additionally, I have handled other disciplines like History, Humanities, Social Sciences, Political science, Health care and life science, and Religion / Theology. My experience generally in these subjects has made me able to deliver high-quality projects in a very timely fashion. I am very reliable at my job and will get the work done in time, no matter what. In Addition, I have managed to ensure that the work meets my client's expectations and does not cause an error. I am a hard-working and diligent person who is highly responsible for everything I do. Generally, Freelancing has made me more accountable for doing my job. Additionally, I have had a passion for writing for the last seven years in this field.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730363415
6th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver
Question Posted:
Students also viewed these Business questions
-
General Companys financial statements for 2009 follow here and on the following pages: Required a. Compute the Z score of General Company at the end of 2009. b. According to the Altman model, does...
-
Discuss general guidelines for preparing an effective presentation visual.
-
School Vouchers and the Private School Market: In the U.S., private schools charge tuition and compete against public schools that do not. One policy proposal that is often discussed involves...
-
Use the correlation matrix from Problem 1 to answer the following questions. a. Compute the semipartial rSBP(SMK|AGE). b. Compute the semipartial rSMK(SBP|AGE). c. Compare these correlations to the...
-
Find an example of print communication, for example, a flyer on campus, a newsletter, or a magazine ad. With a partner, discuss why the creator of the message may have chosen a print medium. In your...
-
A risk manager wants to assess the risk of a hedge fund. The fund is concentrated in a few stocks and is market-neutral (in other words, it has zero beta). Under these conditions, is it appropriate...
-
48 Use divisibility rules to determine if each of the following is divisible by 12 .
-
Mohave Corp. is considering eliminating a product from its Sand Trap line of beach umbrellas. This collection is aimed at people who spend time on the beach or have an outdoor patio near the beach....
-
Please obtain the file on the IRS site it is Form 941.. Accounting Scenario 5 For the third quarter of the year, Kennedy Company, 415 Circle Avenue. Detroit, Michigan 48202, received Form 941 from...
-
Creating a Partnership Tax Return Overview You are a senior tax accountant in the firm, Ernest & Rainhouse. Joe, a new junior accountant, has just completed an interview with a new client Harry,...
-
On 8 November 2011, the Australian Senate passed the carbon tax legislation in relation to the governments clean energy proposal, including a mechanism for pricing carbon. The legislation was...
-
Using the Conceptual Framework definition and recognition criteria, discuss if each of the following items can be recorded as assets: a. Trade receivables b. Investments in shares c. Inventory d....
-
Identify the coordinates of any local and absolute extreme points and inflection points. Graph the function. y = ln (3 - x 2 )
-
Why are source controls needed in relation to online output? Briefly describe the nature and purposes of four source controls that might be used over output that can be obtained via a Web browser...
-
Give two control objectives that relate to destruction of batch output.
-
Give two uses of the operations audit trail in the output subsystem.
-
What is the nature of the accounting audit trail in the output subsystem? Give two ways in which the accounting audit trail might be used.
-
Give two exposures that an organization faces in relation to unauthorized removal of online output.
-
Amar Harb purchased one-half of Jordan Henry's interest in the Vale and Henry partner- ship for $29,000. Prior to the investment, land was revalued to a market value of $125,000 from a book value of...
-
Calculate the change in entropy when 100 kJ of energy is transferred reversibly and isothermally as heat to a large block of copper at (i) 0 C, (ii) 50 C.
-
Explain how CPA Australia and the Institute of Chartered Accountants in Australia would assist in standard setting.
-
Describe the major purpose of the ASX, and give examples of three of the Listing Rules. You will need to go to the ASX website at www.asx.com.au.
-
What is the impact of the qualitative characteristic of 'materiality' on the preparation of the financial statements?
-
Practice questions for group discussion Chapter 14: 1.Imagine I am in charge of IT security for a company. How would you plan for a natural disaster that rendered the building and servers inoperable?...
-
Which one is NOT true? Question 4 options: 2 forces of the market are demand and supply. Consumer, producer, and the government are 3 groups of people in an economy. The demand curve is derived from...
-
22% (0/7) !!! Content 0 Resources Question 18/19 Question 18 In what century did organized athletics become a part of our nation's schools? 1900s 1800s 2. ? Tutorial 1700s It has always been a part...
Study smarter with the SolutionInn App