r Prepare a report explaining and making recommendations on the financial reporting issues below. a) The impact

 

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Prepare a report explaining and making recommendations on the financial reporting issues below. a) The impact of change to preparing consolidated financial statements on Antara Ltd's disclosure of financial information. (40 marks) Your response should include: • The differences between applying the equity method of accounting in Antara Ltd's own accounting records, and applying the equity method of accounting in Antara Ltd's consolidation worksheet. • The content of Antara Ltd's relevant financial statement. • The extent of financial information available to Antara Ltd's external users. References to the financial information in Part A and relevant accounting standards. • b) Potential dividends paid by Blanca Ltd. This is because Blanca Ltd has been profitable and the company management plans to pay dividends to Antara Ltd. (20 marks) Your response should include: • How dividends paid by Blanca Ltd are accounted for using the equity method of accounting. ● How dividends are disclosed in Antara Ltd's relevant financial statement. References to the financial information in Part A and relevant accounting standards. Prepare a report explaining and making recommendations on the financial reporting issues below. a) The impact of change to preparing consolidated financial statements on Antara Ltd's disclosure of financial information. (40 marks) Your response should include: • The differences between applying the equity method of accounting in Antara Ltd's own accounting records, and applying the equity method of accounting in Antara Ltd's consolidation worksheet. • The content of Antara Ltd's relevant financial statement. • The extent of financial information available to Antara Ltd's external users. References to the financial information in Part A and relevant accounting standards. • b) Potential dividends paid by Blanca Ltd. This is because Blanca Ltd has been profitable and the company management plans to pay dividends to Antara Ltd. (20 marks) Your response should include: • How dividends paid by Blanca Ltd are accounted for using the equity method of accounting. ● How dividends are disclosed in Antara Ltd's relevant financial statement. References to the financial information in Part A and relevant accounting standards.

Answer rating: 100% (QA)

QUESTION A Journal entries Investment in Blanca Ltds Ac Dr 198000 ... View the full answer