ACCOUNTING AND FINANCIAL MANAGEMENT.

Basically it is of Assessment item 2 which is due on 17th of May. But there are some changes in the questions made by professors that is: "Please note the following notes for your upcoming assignment 2: 1. Hint for Question 1 in relation to the recorded goodwill in Serene Ltd’s books. What is the recorded goodwill in Serene Ltd’s books on the date of acquisition (DOA)? Drawing from information provided in the trial balance of Serene Ltd’s as at 30 June 2019 and additional information 5, its recorded goodwill on DOA is $22,000 with related (to deduct) accumulated impairment losses on the DOA of $12,000 ($16,000 after deducting $4,000 resulted from writing down FYE 30 June 2018 since acquisition). You will need this information when you perform the acquisition analysis using the full goodwill method. 2. Typo in Question 3, Transaction A: the date of contract should be 3 January 2019, not 1 January. 3. Clarification for Question 3, Transaction B: according to the available information

Running head: ACCOUNTING AND FINANCIAL MANAGEMENT
Accounting and Financial Management
Name of the Student:
Name of the University:
Author’s Note:

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Table of Contents
Answer to question 1:......................................................................................................................2
Answer to question 2.......................................................................................................................4
Answer to question 3.......................................................................................................................5
Bibliography:...................................................................................................................................8

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Answer to question 1:

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Answer to question 2

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Answer to question 3

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Bibliography:
Bloom, M. (2013). Double accounting for goodwill: A problem redefined. Routledge.
Carnegie, G. (2014). Pastoral accounting in colonial Australia: a case study of unregulated
accounting. Routledge.
Carnegie, G. D. (1993). Pastoral accounting in pre-federation Victoria: a case study on the
Jamieson family. Accounting and Business Research, 23(91), 204-218.
Henderson, S., Peirson, G., Herbohn, K., & Howieson, B. (2015). Issues in financial accounting.
Pearson Higher Education AU.
Ji, X. D. (2017). Development of accounting and auditing systems in China. Routledge.
Kang, H., & Gray, S. J. (2013). Segment reporting practices in Australia: has IFRS 8 made a
difference?. Australian Accounting Review, 23(3), 232-243.