This article discusses the key events that can impact the audit process of a business. It covers foreign exchange risk, deferred tax assets and liabilities, accounting for future tax income, and contingent liabilities. The article also provides insights into the inherent risks and control risks associated with each area.

Key Events and Impact of Audit

Assess and analyze BHP from an auditing perspective, focusing on key events and their impact on the audit.

Discover how foreign exchange risk, deferred tax assets and liabilities, accounting for future tax income, and contingent liabilities impact business audits.

Auditing Theory and Practice - Desklib

Auditing Theory and Practice

This article discusses the key events that can affect the financial statements of AMP Ltd, including foreign exchange fluctuations, valuation of goodwill and intangible assets, investment in companies in China and Japan, and contingent liability. It also provides evidence mix and AAR for each event.

University of South Australia

This assessment analyzes the financial statements of Commonwealth Bank of Australia for the year 2017. It covers accounting for taxation expenses, translation of foreign operations, revaluation and impairments, and accounting for leases.

Analyzing Financial Statements of Commonwealth Bank of Australia

Torts II

Atlantas John Marshall Law School

Finance

Advanced Financial Accounting Assignment Solution (Doc)

This assignment focuses on calculating the impairment loss allocation for a company's assets, specifically machinery and a patent. It provides a scenario where the fair value of the patent is lower than its carrying amount, triggering an impairment assessment. The student must determine the appropriate allocation of the impairment loss between the assets based on their carrying amounts and assigned ratios.  The assignment also explores different scenarios with varying fair values to demonstrate the impact on allocation.

Impairment Loss Allocation to Assets

This report analyzes the cash flow statement, income statement, and deferred tax recording of BHP Billiton Company. It covers topics such as operating, investing, and financing activities, items reported in other comprehensive income statement, tax expense, deferred tax asset or liability, and more. The report follows the guidelines of IFRS and AASB 112.

Hartpury University and Hartpury College

Deferred Tax Analysis of BHP Billiton Company

accounting

This report explores the differences between monetary and non-monetary items, providing examples of each. It then examines the accounting treatment required when a reporting entity has foreign currency monetary items at the reporting date, including the conversion of foreign currency monetary items into the functional currency. The report also discusses the consolidation process, which involves combining the financial statements of a parent company and its subsidiaries, and the adjustments that need to be made in the consolidated financial statements.

Auditing Theory and Practice

Auditing Theory and Practicelg...

Analyzing Financial Statements of Commonwealth Bank of Australialg...

Advanced Financial Accounting Assignment Solution (Doc)lg...

Impairment Loss Allocation to Assetslg...

Deferred Tax Analysis of BHP Billiton Companylg...

Advanced Financial Accounting Reportlg...

Auditing Theory and Practice

Analyzing Financial Statements of Commonwealth Bank of Australia

Advanced Financial Accounting Assignment Solution (Doc)

Impairment Loss Allocation to Assets

Deferred Tax Analysis of BHP Billiton Company

Advanced Financial Accounting Report