$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket?
Book Your Assignment at The Lowest Price
Now!
Students Who Viewed This Also Studied
ACCTING7023 Advanced Financial Accounting
Questions:
1. How can an entity assess whether or not subsequent events with regards to COVID-19 are adjusting events?;
2. Explain whether or not an entity needs to make any disclosures if its eporting period has ended and COVID-19 was assessed to be a non-adjusting event.
3. How can entity assess whether or not it is a going-concern with respect to COVID-19.
4. Explain whether or not COVID-19 requires any disclosures outside of the financial statements.
5. What are the implications if an entity cannot obtain information from its subsidiaries, associates or joint ventures with regards to COVID-19?
6. How do I assess whether COVID-19 is material to my entity?
7. How does the COVID-19 impact risk assessment and materiality?
8. How to apply appropriate audit procedures on the disclosures?
COVID 19
The direct financial impacts are likely to involve accounting estimates prepared by management. Significant assumptions including projected cash flows, used in these accounting estimates may be affected by the COVID-19 event. If your audit client has significant amounts of direct financial impacts that contain estimation uncertainty, the risk assessment and audit evidence supporting these accounting estimates and related disclosures may be affected by the COVID-19 event. Refer to ASA 540 Auditing Accounting Estimates and Related Disclosures for requirements.
The auditor should consider if the impact of the COVID-19 event requires adjustment to or disclosure in the financial report based on AASB 110, and whether the event impacts the appropriateness of the going concern basis of accounting. If there is a material financial impact on your audit client’s business post balance date due to the COVID-19 event where the conditions existed before the balance date, then consid-er if appropriate adjustments or disclosures in the financial report have been made and audit these adjustments or disclosures.
ACCTING7023 Advanced Financial Accounting
Answer in Detail
Solved by qualified expert
Get Access to This Answer
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.
Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.
Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.
Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.
10 More Pages to Come in This Document. Get access to the complete answer.
We are an assignment help service brand that can provide any kind of academic assignment help. MyAssignmenthelp.com is backed by 3000+ writers who have obtained their degrees from prestigious international universities. Each one of them can provide online assignment help in their field of specialization. We have such a huge team of writers since we provide assignment help services in 100+ academic subjects. Our PhD level expert writers can provide a wide range of services like online assignment help, dissertation writing services, custom essay help and homework help. Our writers serve students from many nations like Australia, UK and US. If you have any assignment related query, then we have a 24×7 live chat support facility for you.
More ACCTING7023 ACCTING7023 Advanced Financial Accounting : Questions & Answers
Financial or Accounting
Question 1 A. A student was overheard to say “The trial balance is a very important report. If the Trial Balance ‘balances’ the books are correct!” Comment on the statement (i) that the Trial Balance is a very …
View Answer
Management
Based on the information provided in the company’s Annual Report for Financial Year 2016, you have to answer the following sub-questions. 1) How many independent directors are there? 2) What is the number of directors of each gender? 3) Qualifications of three directors 4) Experience of …
View Answer
FIN4001 Introduction to Finance
Task:
Learning Outcomes:After completing the module, you should be able to:1. Contrast the appropriateness of the different sources of finance to a business.2. Explain the implications of finance as a resource within a business.3. Produce simple financial statements in accordance with accepted pr …
View Answer
Accounting & Finance
Part A
Bogart Ltd has determined the number of widgets it will need during the next five years as follows:
The equipment used to manufacture the widgets must be replaced and management is considering the purchase of a replacement machine. The new machine will cost $945,000 and 2% discount is …
View Answer
Content Removal Request
If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the
content removal request.
Choose Our Best Expert to Help You
Still in Two Minds? The Proof is in Numbers!
38983 Genuine Reviews With a Rating of 4.9/5.
Assignment
Home Work: 1 Page, Deadline:
5 days
This service is an exquisite one. Answers came out early, accurate work was done and all
User ID: 8***17 Accra, Ghana
Assignment
Home Work: 1.2 Pages, Deadline:
7 hours
So far the papers were before time. The is not graded yet but overall i like the personal opinion. I did do little amend. I like the paper.
User ID: 7***0 Castro Valley, United States
Assignment
Home Work: 1.2 Pages, Deadline:
7 hours
So far there was 2 places where it was note quotes correctly with critiques, but i fixed it. overall the paper was very good
User ID: 7***0 Castro Valley, United States
Psychology
Essay: 2 Pages, Deadline:
1 day
Great job on working on this paper that allowed me to get a good mark. Would recommend this service
User ID: 6***81 Castro Valley, Canada
Nursing
Essay: 5 Pages, Deadline:
26 days
I am satisfied with the assignment. Prof. commented excellent job and i got good grades. Thank you.
User ID: 7***90 Castro Valley, Canada
Civil Law
Assignment: 10 Pages, Deadline:
15 days
My marks 15/20 thank you very much. and well done! My lecturer is veteran person he loves long essay 😉
User ID: 1***1 Bintulu, Malaysia
Business Law
Home Work: 12 Pages, Deadline:
7 days
OMG my marks 18/20 luckily im so worry at first but at the end it’s coming out nicely, thank you very much and well done! 😉
User ID: 1***1 Bintulu, Malaysia
Business Law
Assignment: 18 Pages, Deadline:
8 days
OMG just received marks today 28/30 thank you so much 😉 the way writing follow as what i need, well done!
User ID: 1***1 Bintulu, Malaysia
Management
Essay: 15 Pages, Deadline:
10 days
All learning outcomes achieved.Fair discussion of PESTLE/SWOT/Porter forces. But can evaluate by prioritizing the factors in the order of its impact a …
User ID: 6***76 Bintulu, Hong Kong
Management
Assignment: 8 Pages, Deadline:
6 days
Thank you MyAssignmentHelp for providing me quality assignment solution within deadline.
User ID: 8***13 Canberra, Australia
Management
Programming: 12 Pages, Deadline:
7 days
Received a good quality work for my assignment. Great service and support from the team.
User ID: 8***13 Canberra, Australia
Nursing
Home Work: 1.6 Pages, Deadline:
1 day
Very professionally done. Received my work in a timely. Written at the required level. Got a compliment from the professor.
User ID: 3***92 Canberra, Canada
Management
Home Work: 4 Pages, Deadline:
1 day
Thanks for the quick resolution of my assignment issue i really appreciate that 🙂
User ID: 2***00 Canberra, Saudi Arabia
Biology
Assignment: 11 Pages, Deadline:
6 days
Great assignment, i asked to add few more things after I received the first draft and it was done very well
User ID: 8***83 United Kingdom, Great Britain
HRM
Assignment: 8 Pages, Deadline:
14 days
I have got what was described and very happy with the overall service and result!!!!!!!!!!!!!!
User ID: 2***97 Slough, Great Britain
Management
Assignment: 4.8 Pages, Deadline:
2 days
Prompt on time and did a great job with promptness and getting the assignment back on time
User ID: 7***39 Slough, United States
Management
Home Work: 5.6 Pages, Deadline:
17 hours
great turnaround time. neat writing and reasearch. still awaiting marks in a month
User ID: 6***78 Slough, South Africa
Civil Law
Assignment: 1 Page, Deadline:
11 hours
thank you for the assignment , not graded – the objectives were met foir this assignment – thank you for the assignment
User ID: 1***21 Tianjin, South Africa
Management
Thesis: 2.8 Pages, Deadline:
17 hours
Absolutely a remarkable job and great work by an outstanding agency. I was well pleased with my assignment and got a great grade!
User ID: 6***89 Tianjin, Canada
Management
Assignment: 12 Pages, Deadline:
10 days
Received a quality work on time. Completely satisfied and highly recommend for the students looking for help.
User ID: 8***13 Canberra, Australia
Assignment
Home Work: 1 Page, Deadline:
5 days
This service is an exquisite one. Answers came out early, accurate work was done and all
User ID: 8***17 Accra, Ghana
Assignment
Home Work: 1.2 Pages, Deadline:
7 hours
So far the papers were before time. The is not graded yet but overall i like the personal opinion. I did do little amend. I like the paper.
User ID: 7***0 Castro Valley, United States
Assignment
Home Work: 1.2 Pages, Deadline:
7 hours
So far there was 2 places where it was note quotes correctly with critiques, but i fixed it. overall the paper was very good
User ID: 7***0 Castro Valley, United States
Psychology
Essay: 2 Pages, Deadline:
1 day
Great job on working on this paper that allowed me to get a good mark. Would recommend this service
User ID: 6***81 Castro Valley, Canada
Nursing
Essay: 5 Pages, Deadline:
26 days
I am satisfied with the assignment. Prof. commented excellent job and i got good grades. Thank you.
User ID: 7***90 Castro Valley, Canada
Civil Law
Assignment: 10 Pages, Deadline:
15 days
My marks 15/20 thank you very much. and well done! My lecturer is veteran person he loves long essay 😉
User ID: 1***1 Bintulu, Malaysia
Business Law
Home Work: 12 Pages, Deadline:
7 days
OMG my marks 18/20 luckily im so worry at first but at the end it’s coming out nicely, thank you very much and well done! 😉
User ID: 1***1 Bintulu, Malaysia
Business Law
Assignment: 18 Pages, Deadline:
8 days
OMG just received marks today 28/30 thank you so much 😉 the way writing follow as what i need, well done!
User ID: 1***1 Bintulu, Malaysia
Management
Essay: 15 Pages, Deadline:
10 days
All learning outcomes achieved.Fair discussion of PESTLE/SWOT/Porter forces. But can evaluate by prioritizing the factors in the order of its impact a …
User ID: 6***76 Bintulu, Hong Kong
Management
Assignment: 8 Pages, Deadline:
6 days
Thank you MyAssignmentHelp for providing me quality assignment solution within deadline.
User ID: 8***13 Canberra, Australia
Management
Programming: 12 Pages, Deadline:
7 days
Received a good quality work for my assignment. Great service and support from the team.
User ID: 8***13 Canberra, Australia
Nursing
Home Work: 1.6 Pages, Deadline:
1 day
Very professionally done. Received my work in a timely. Written at the required level. Got a compliment from the professor.
User ID: 3***92 Canberra, Canada
Management
Home Work: 4 Pages, Deadline:
1 day
Thanks for the quick resolution of my assignment issue i really appreciate that 🙂
User ID: 2***00 Canberra, Saudi Arabia
Biology
Assignment: 11 Pages, Deadline:
6 days
Great assignment, i asked to add few more things after I received the first draft and it was done very well
User ID: 8***83 United Kingdom, Great Britain
HRM
Assignment: 8 Pages, Deadline:
14 days
I have got what was described and very happy with the overall service and result!!!!!!!!!!!!!!
User ID: 2***97 Slough, Great Britain
Management
Assignment: 4.8 Pages, Deadline:
2 days
Prompt on time and did a great job with promptness and getting the assignment back on time
User ID: 7***39 Slough, United States
Management
Home Work: 5.6 Pages, Deadline:
17 hours
great turnaround time. neat writing and reasearch. still awaiting marks in a month
User ID: 6***78 Slough, South Africa
Civil Law
Assignment: 1 Page, Deadline:
11 hours
thank you for the assignment , not graded – the objectives were met foir this assignment – thank you for the assignment
User ID: 1***21 Tianjin, South Africa
Management
Thesis: 2.8 Pages, Deadline:
17 hours
Absolutely a remarkable job and great work by an outstanding agency. I was well pleased with my assignment and got a great grade!
User ID: 6***89 Tianjin, Canada
Management
Assignment: 12 Pages, Deadline:
10 days
Received a quality work on time. Completely satisfied and highly recommend for the students looking for help.
User ID: 8***13 Canberra, Australia
Have any Query?
- Assignment status: Already Solved By Our Experts
- (USA, AUS, UK & CA PhD. Writers)
- CLICK HERE TO GET A PROFESSIONAL WRITER TO WORK ON THIS PAPER AND OTHER SIMILAR PAPERS, GET A NON PLAGIARIZED PAPER FROM OUR EXPERTS
