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AYB340 - Company Accounting Assignnment

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QUEENSLAND UNIVERSITY OF TECHNOLOGY

   

Company Accounting (AYB340)

   

Added on  2020-02-24

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AYB340 - Company Accounting Report, The main operation of Capilano Honey has been seen in terms of sourcing of network of over 600 loyal seeking families across Australia. The main form of the accounting principle has been applied with the preparation of the separate financial statements. It needs to be further considered that the individual company is seen to maintain individual accounting records.

AYB340 - Company Accounting Assignnment

   

QUEENSLAND UNIVERSITY OF TECHNOLOGY

   

Company Accounting (AYB340)

   Added on 2020-02-24

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Running head: COMPANY ACCOUNTINGCompany Accounting Name of the StudentName of the UniversityAuthor’s Note
AYB340 - Company Accounting Assignnment_1
1COMPANY ACCOUNTINGMemorandumPart ATo:Board of DirectorsFrom:Financial AdviserDate:29 August 2017Re:Technical aspects of consolidationSir,The memo aims to discuss some of the important aspects from the financial statements ofCapilano and addressing of the same to the board of directors clearly stating about some of thetechnical issues in the consolidation process. The memorandum to the board of directors hasincluded the specific intricacies of the consolidation to the board and the possible avoidance ofthe general terms. It has to be further noted the important aspects of the report has been statedfrom the annual report of the company.Issue 1The main operation of Capilano Honey has been seen in terms of sourcing of network ofover 600 loyal beeking families across Australian. The supplies of the company have been seenwith 30 years. The operations of the company include the preservatives from the refined range ofproducts. The composition of the different range of the products includes Capilano ClassicHoney, Capilano Beeotic, Capilano Manuka Honey, Capilano Premium Selections and CapilanoCreamed and pot set. In the recent itmes the Australian honey maker has been further seen to be
AYB340 - Company Accounting Assignnment_2
2COMPANY ACCOUNTINGin the joint venture with Comvita, with the immediate effect. This has been further seen to bebased on the unrealized benefit from Queensland-based operations (Capilanohoney.com. 2017).Issue 2The main reason for the preparation of the financial statement has been able to presentthe results of the financial position and the operations for the parent company. One moresubsidiaries as if they are considered as an individual entity as it was a single company.Consolidation is seen to be necessary as the corporation own the majority of the stock for anothercorporation with the outstanding common stock. The main form of the accounting principle hasbeen applied with the preparation of the separate financial statements. It needs to be furtherconsidered that the individual company is seen to maintain individual accounting records. Theparent company of Capilano had to prepare consolidated financial statements to be more usefulin consideration of the individual financial transactions.Issue 3The issued capital has included opening balance. The opening balance of the ordinaryshares in 2017 has been further seen to be 9457481 valued at $ 24586831 for the parentcompany. The subsidiary of the company has been further seen to be considered as per the8597121 shares valued at $ 8228220. The share issued has been further seen to be 860360 valuedat $ 16777020. The closing balance of the shares has been further seen to be $ 24532156 withtotal of 9457481 shares. The subsidiary company has been seen to be having a share capital of $24586831 with total of 9457481 shares. It has been further identified to be owned by Capilano.
AYB340 - Company Accounting Assignnment_3

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