CS代考 AASB 128 paragraph 3

Class 09 – LO9.3 Explain and apply the definition of significant influence
Self study question based on past final exam question – Solution
Marks were awarded to students on their ability to develop a persuasive argument for or against significant influence. Below is a summary of the key discussion points.
 Clear definition of significant influence referring to the key aspects of power to participate, financial and operating policy decisions excluding joint control and unilateral control

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 Technical reference for significant influence definition: AASB 128 paragraph 3
 Refer to AASB 128 suggested level of ownership level of -20%
 Technical reference for suggested level of ownership level: AASB
128 paragraph 5
 Discuss other indicators of significant influence as they apply to the
 Technical reference for other indicators: AASB 128 paragraph 6
 Excited< 20% ownership in Extreme  Directorship in Extreme  Positions on Extreme’s Business Planning & Operations Committee  Positions on Extreme’s Finance Committee  Provision of technical & operations support  Telecommunications manager position  Conclusion  Reference to key facts of question Class 09 – LO 9.2 Explain in which entities the equity method is applied Marks were awarded on student’s ability to adequately explain where equity accounting should be adopted. Below is a summary of the key discussion points  Excited Ltd is single entity investor  Equity accounting journal done in Excited Ltd single entity financial statements  Feed into CWS via Excited Ltd single entity financial statements  Tech reference: AASB 128 paragraph 16 程序代写 CS代考 加微信: powcoder QQ: 1823890830 Email: powcoder@163.com