篩選結(jié)果 共找出20題

Why is analysis of financial statements carried out?

A

So that the analyst can determine a company’s accounting policies

B

So that the significance of financial statements can be better understood through comparisons

with historical performance and with other companies

C

To get back to the ‘real’ underlying figures, without the numbers being skewed by the

requirements of International Financial Reporting Standards

D

To produce a report that can replace the financial statements, so that the financial statements

no longer need to be looked at

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12

【論述題】

Prepare the draft consolidated statement of profit or loss and draft consolidated statement of financial position for the Swing group at 31 December 20X8.

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Additional information

(a)? ?Black purchased its $1 ordinary shares in Bury on 1 November 20X0. At that date the balance on Bury's retained earnings was $2 million. The fair value of the non-controlling interest at the date of acquisition was $11,800,000. Goodwill on acquisition was $800,000.

(b)? ?During the year ended 31 October 20X5 Black sold goods which originally cost $12 million to Bury. Black invoiced Bury at cost plus 40%. Bury still has 30% of these goods in inventory at 31 October 20X5.

(c)? ?Bury owed Black $1.5 million at 31 October 20X5 for some of the goods Black supplied during the year.

13

【論述題】

Prepare the following financial statements for Black.

The consolidated statement of profit or loss for the year ended 31 October 20X5.?

(ii) The consolidated statement of financial position as at 31 October 20X5.

Calculate the net profit percentage ratio for Black and Bury and comment on this ratio for the two companies.

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The following information is also available.

(a)? ?Prestend purchased 2,800,000 shares in Northon a year ago when Northon had retained earnings of $60,000. The fair value of the non-controlling interest at the date of acquisition was $1,415,000.

(b)? ?During the year Prestend sold goods with an invoice value of $240,000 to Northon. These goods were invoiced at cost plus 20%. Half of the goods are still in Northon's inventory at the year end.

(c)? ?Northon owes Prestend $30,000 at 31 October 20X7 for goods it purchased during the year.

15

【論述題】

Calculate the goodwill on acquisition.

Prepare the consolidated statement of financial position for the Prestend group as at 31 October 20X7.Note. A working should be included for group retained earnings. Disclosure notes are not required.

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The summarised statements of profit or loss of two companies, Liverton and Everpool, for the year ended 31 May 20X6 are provided below. Liverton acquired 3,000,000 ordinary shares in Everpool for $3,500,000 on 1 June 20X4. At that time, the retained earnings of Everpool were $200,000 and the fair value of the noncontrolling interest in Everpool was $1,000,000.

STATEMENTS OF PROFIT OR LOSS FOR THE YEAR ENDED 31 MAY 20X6

? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?Liverton? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?Everpool

? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? $'000? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? $'000

Sales revenue? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 6,400? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 2,600

Cost of sales? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?(3,700)? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? (1,450)

Gross profit? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?2,700? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 1,150

Distribution costs? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?(1,100)? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?? ?(490)

Administrative expenses? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? (700)? ? ? ? ? ? ? ? ? ? ? ? ? ? ?? ? ? ?(320)

Profit from operations? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ??900? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 340

Dividends received from Everpool? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?? ?150? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? --

Profit before tax? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 1,050? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 340

Tax? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?(400)? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?(80)

Profit for the year? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?650? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 260


The following information is also available.

(a)? ? Everpool's total share capital consists of 4,000,000 ordinary shares of $1 each.

(b)? ? During the year ended 31 May 20X6 Liverton sold goods costing $110,000 to Everpool for $200,000. At 31 May 20X6, 60% of these goods remained in Everpool's inventory.

17

【論述題】

Calculate the total goodwill arising on the acquisition of Everpool.

Prepare the consolidated statement of profit or loss for Liverton for the year ended 31 May 20X6.

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19

【論述題】

Calculate the following ratios for Binky and Smokey：

(State the formulae used for calculating the ratios.)

Profitability ratios

? ? ?Gross profit percentage

? ? ?Net profit percentage

? ? ?Asset turnover ratio


Liquidity ratios

? ? ?Current ratio

? ? ?Quick ratio (acid test ratio)

? ? ?Receivables collection period

Compare and comment on the performance of the companies as indicated by the ratios you havecalculated in part (1).