Question: Please provide an Assignment Introduction of the following questions Question 1 1 . 1 . 1 Calculate the total initial cost to be capitalised to
Please provide an Assignment Introduction of the following questions Question Calculate the total initial cost to be capitalised to the baking equipment account. By referring to the definition criteria for property, plant and equipment PPE explain why the ovens bought should be classified as PPE. Refer to the recognition criteria to explain why it should be recognised as PPE by Bread Ltd Identify three regulatory influences on the preparation of financial Statements of listed entities. Using subheadings, briefly explain the role of each regulatory influence and comment on the efficacy of the regulatory system. Question Under the conceptual framework, advise whether Nedbank should recognise any asset or liability at the time it places the order. Question What aspects of the conceptual framework might help you in determining the appropriate accounting treatment for this situation. Question a Prepare Malusi & Cos income statement for the year to March b Prepare Malusi & Cos statement of financial position as at March This statement should be prepared in accordance with IFRSs. c Discuss the acceptability of the companys previous accounting policy regarding nondepreciation of property and proposed treatment of deferred development expenditure.
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