Module Code: ACT503
Module Title: Corporate Accounting
Question 1:
Accounting for income tax. Ability to demonstrate the calculation of taxable income, journal entries of current tax liability, prepare deferred tax worksheet and journal entry of DTA & DTL by following the requirements of AASB 112.
Question 2:
Consolidation worksheet entries Ability to prepare consolidated worksheet entries, including an acquisition analysis with a calculation of goodwill, consolidation journal entries, pre-acquisition analysis, non-controlling interest, dividend adjustments, intergroup sales, and transfer.
Question 3:
Entity control and control criteria. Ability to discuss requirements of AASB 10 in respect of the control criteria.
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