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QUESTION 1 (3 marks) Discuss the accounting treatments on financing company operations in accordance with International Accounting Standards (IAS). Analyze the advantages and disadvantages of
QUESTION 1 (3 marks)
Discuss the accounting treatments on financing company operations in accordance with International Accounting Standards (IAS). Analyze the advantages and disadvantages of each financing activity under accounting perspective.
QUESTION 2 (3 marks)
Discuss why and how to prepare the consolidation worksheet entries to adjust for transactions occurring between a parent and its subsidiary in accordance with International Financial Reporting Standard 10 Consolidated financial statements (IFRS 10).
QUESTION 3 (4 marks)
Download the consolidated financial statements of a group in Vietnam, which includes at least three (03) types of intragroup transactions. Explain and analyze the accounting treatments on these intragroup transactions in preparation of consolidated financial statements.
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