Question
Please attach the source. USING 2018 CONSOLIDATE STATEMENT OF FINANCIAL POSITION AND NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FROM THE ANNUAL REPORT OF TOTAL COMPANY, PLEASE
Please attach the source.
USING 2018 CONSOLIDATE STATEMENT OF FINANCIAL POSITION AND NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FROM THE ANNUAL REPORT OF TOTAL COMPANY, PLEASE ANSWER THE FOLLOWING QUESTIONS.
PROPERTY, PLANT AND EQUIPMENT
1. Discuss what depreciation methods TOTAL company uses. Why does the company use two different methods?
2. What types of intangible assets TOTAL company has? Explain the term impairment for intangible assets.
3. Using a company in the same oil and gas industry, compare the accounting policy for PPE depreciation and amortization. What do we know from the difference and how important the difference economically?
PROVISIONS
1. Explain general accounting policies for contingent liabilities and apply them to TOTALs accounting policies. What are the key characteristics of provisions?
2. If management has an intention to smooth earnings, can they use provisions as a vehicle? How?
3. Choose a company that has a detailed information about the companys contingent liabilities and explain the accounting treatment for such liabilities.
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