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Class Activity - Lesson 1 . You are required to answer the following questions. You will upload your work preferably as a PowerPoint with slides
Class ActivityLesson You are required to answer the following questions. You will upload your work preferably as a PowerPoint with slides not exceeding The cover page must indicate the names and student numbers of the group members. The completed assignment should be uploaded to the course area in the "Class activity folder. For question attached in this assignment, you are advised to use excel to draw the respective ledgers. Your work must be uploaded in editable format ONLY. Deadline: Upload your work on or before Wednesday, December on or before :hrs Question With examples explain the role and purpose of the following with regard to financial reporting: a IASInternationally accepted accounting standards b IFRS International Financial Reporting Standards c GAAPGenerally Accepted Accounting principles d What is the role of stock markets such as the Amsterdam stock exchange? e Explain the nature and differences between raising capital through the sale of sharesshare capital and loan capital Debenture shares f The IASBInternational Accounting Standards Board g The conceptual Framework and accounting policies h Explain the different types of shares, their advantages and disadvantages to the issuing noany Easy Heart Ltd has an authorised capital of comprising ordinary shares of each. The shares were issued at par, payments being made as follows: Applications were received for million shares. It was decided to refund application monies on shares and to allot the shares on the basis of four for every five applied for. The excess application monies sent by the applicants whose applications were successful are not to be refunded but are to be held and so reduce the amount payable on allotment. The calls were made and paid in full with the exception of two members holding a combined total of shares who paid neither the first nor the second call and another member who did not pay the second call on shares. The shares were forfeited and reissued to Vipond at a price of per share. You are to draft the ledger accounts to record the transactions.
Class ActivityLesson
You are required to answer the following questions. You will upload your work preferably as a
PowerPoint with slides not exceeding The cover page must indicate the names and student
numbers of the group members. The completed assignment should be uploaded to the course area
in the "Class activity folder. For question attached in this assignment, you are advised to use
excel to draw the respective ledgers. Your work must be uploaded in editable format ONLY.
Deadline: Upload your work on or before Wednesday, December on or before :hrs
Question
With examples explain the role and purpose of the following with regard to financial reporting:
a IASInternationally accepted accounting standards
b IFRS International Financial Reporting Standards
c GAAPGenerally Accepted Accounting principles
d What is the role of stock markets such as the Amsterdam stock exchange?
e Explain the nature and differences between raising capital through the sale of sharesshare
capital and loan capital Debenture shares
f The IASBInternational Accounting Standards Board
g The conceptual Framework and accounting policies
h Explain the different types of shares, their advantages and disadvantages to the issuing
noany
Easy Heart Ltd has an authorised capital of comprising ordinary shares of each. The
shares were issued at par, payments being made as follows:
Applications were received for million shares. It was decided to refund application monies on
shares and to allot the shares on the basis of four for every five applied for. The excess
application monies sent by the applicants whose applications were successful are not to be refunded
but are to be held and so reduce the amount payable on allotment.
The calls were made and paid in full with the exception of two members holding a combined total
of shares who paid neither the first nor the second call and another member who did not pay
the second call on shares. The shares were forfeited and reissued to Vipond at a price of
per share.
You are to draft the ledger accounts to record the transactions.
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