Describe how inventories are measured under Australian accounting standard AASB 102 Inventories.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
Australian accounting standard AASB 102 has several requireme...View the full answer
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
4.90+
46+ Reviews
54+ Question Solved
Related Book For
Management Accounting
ISBN: 9781760421144
7th Edition
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
Question Posted:
Students also viewed these Advanced Accounting questions
-
The introduction of 'Differential reporting' will result in significant changes for Australian companies. Access a summary of the 'Differential Reporting Project Update' at the Australian Accounting...
-
The following is an extract of an article discussing the importance of companies disclosing information in annual reports. Companies are still failing to provide a full and clear picture of their...
-
Define the term inventory as used in the accounting standard AASB 102/IAS 2 Inventories. Are office supplies included in inventory? Why or why not?
-
Consider an atom diffuses in a 3 D simple cubic lattice by a random walk mechanism. The atom jumps 6 x 1 0 - 5 times per second at 3 0 0 K and 3 x 1 0 4 times per second at 6 0 0 K . Assuming that...
-
Show the products of thesereactions: CH3 Br CH,CH,OH CH,OH a) Ph- -Br b) Ph CH; CH, Br . CH;OH Br d) ELOH Ph
-
What characteristics do effective teams need?
-
Determine the bending strain energy in the beam. \(E I\) is constant. T 22
-
Uhura Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. Other data:1. The balance in prepaid insurance is a one-year premium paid on...
-
Dakota Mining Company has two competing proposals: a diamond core drill or a hydraulic excavator. Both pieces of equipment have an initial investment of $715,855. The net cash flows estimated for the...
-
A hollow, brass circular pipe ABC (see figure) supports a load P1 = 26.5 kips acting at the top. A second load P2 = 22.0 kips is uniformly distributed around the cap plate at B. The diameters and...
-
Process costing is a product costing system, yet the focus is on the cost of processes or production departments. Explain why.
-
A discussion of product costing systems is irrelevant to our firm as we only produce services, not products. Discuss.
-
Suppose that 0 < r < 1 and that f: B1(0) R is continuously differentiable. If there is an a > 0 such that |f(x)| < ||x||a for all x B, (0), prove that there is an M > 0 such that |f(x)| < M||x|| for...
-
Write the legal issue of the situation in correct format for Morrison suing the coach. A former University of Notre Dame football defensive lineman who played on the 1988 championship team recently...
-
Mr Johnathon B. Good is the owner of two new Range Rover Sport Utility Vehicles. He decided to sell the black 2022 model to pay for a new apartment. He put a "for sale" sign on the Range Rover. Mr...
-
Sally loves her new Aqualand swimming pool. Unfortunately, the pool ladder is too high so if someone slides down head first they will likely receive injuries to head and their neck and in some cases,...
-
Larsen and Buss present a simple formula for calculating heritability. One simply takes two times the difference between the correlation ("r") on some trait for monozygotic (MZ) or identical twins...
-
The Delaware Gas Station Association (DGSA) is the primary trade association of gas station owners in Delaware, including over 90% of gas station owners, both independent retailers and major oil...
-
How would you explain the meaning of the sine function to a fellow student who has just completed college algebra?
-
Highland Theatre is owned by Finnean Ferguson. At June 30, 2014, the ledger showed the following: Cash, $6,000; Land, $100,000; Buildings, $80,000; Equipment, $25,000; Accounts Payable, $5,000;...
-
Explain why you think that task control or results control would be more appropriate in the setting that you have chosen. Do not use an example from the text.
-
Characteristics of a MACS: multiple performance measures What is the advantage of having multiple measures of performance?
-
Why is it important that people understand what performance is measured, how performance is measured, and how employee rewards relate to measured performance?
-
A potato is launched out of a building (building A) from the 10th floor which is 15 m high, with a velocity of 55 m/s at an angle of 35.0 above the horizontal. There is a building (building 2) 130 m...
-
An eagle is flying horizontally at a speed of 2.9 m/s when the fish in her talons wiggles loose and falls into the lake 4.4 m below. Calculate the magnitude of the velocity of the fish relative to...
-
Because of its high dielectric strength, SF6 (sulfur hexafluo-ride) gas is widely used as an insulator and a dielectric in HV applications such as HV transform-ers, switches, circuit breakers,...
Study smarter with the SolutionInn App