HI6025 Accounting Theory and Current Issues Online Exam T3 2019

This document provides solutions to the HI6025 Accounting Theory and Current Issues online exam from Trimester 3, 2019. The exam covers various aspects of accounting, including the free-market perspective on financial reporting regulation and the normative nature of the International Accounting Standards Board (IASB). It addresses calculations for sick leave expenses and related journal entries, the determination of goodwill in a business acquisition, and the accounting treatment of research and development costs. Additionally, the solution includes journal entries for foreign currency transactions, demonstrating a comprehensive understanding of accounting principles. The document provides detailed answers to each question, offering a complete guide for students studying accounting theory and current issues.