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建立人际资源圈Finacial Accounting---Essay代写论文范文
2016-07-20 来源: 51Due教员组 类别: Essay范文
51Due论文代写平台essay代写范文：Finacial Accounting这篇Essay范文讲述了悉尼对待球员的资产其行动合理。对以后的资产进行了分析预算，与球员签订合同，通过球员俱乐部可以出售足球或比赛门票，来获得更多的经济商业模式。要制定好合理的商业概念框架，可以保证球员和俱乐部的利益，实现共赢。
To determine whether the Sydney club is justified in its action of treating players as assets, there has two main issues need to be comprehended. Firstly, we need to focus on what the definition of assets is. Second, according to AASB, we pass to the the recognition of asset. Lastly, it changes to how to justify whether assets is related to players.
First of all, in AASB Framework, it defines an asset as a resource controlled by an entity resulting in past events and from future economic benefits are expected to flow to the entity. On the basis of the definition, it can be clearly demonstrated that because the club’s players signed contracts with the club, their transaction in the past event was owned or controlled by the club. And in these 3 years, the players are the main resources in the club who are equivalent to the club’s employees can make economic benefits. If the players do hard exercises and play good in matches, then their social status will be raised and get more attention to mass media or audiences. Moreover, sometimes they will have a star player who has a lot of fans, then the club can sell the soccer shirts or the match tickets to get more future economic benefits or revenues, commercial advertisements as well. (AASB, 2004)
Furthermore, there are three key characteristics of assets. The first one is that future economic benefit will be brought by assets to company. That is, a directly or indirectly potential ability to bring cash or cash equivalents to the entity, which always comes from operating activity of the entity. It can not be confirmed that the club’s players are the assets of Sydney club if they are not expected to generate the economic benefits to the firm. The second one is that the reporting entity must control the future economic benefits. An asset as a resource must be owned or controlled by an entity, which means the entity has the ownership. Even though the company does not own the right but has the power to control the assets. In other words, generally the ownership of assets should be considered first. In some special circumstance,the entity did not own the asset but can control them, it states that the entity can get the future benefits. Namely, Sydney club can control the players under contract but not own them. The third one is that assets’ transactions or events are arisen to entity’s control over the future economic benefits. Entities can not make assets but only past transactions or events.
Secondly, there has recognition of assets based on AASB Framework can be justified in Sydney club’s case. When a player wants to sign out with Sydney club and go to another club, there is a link there needs a substantial transfer fees between the two clubs. The circumstance always occurs hence the condition of the event or transaction will give a rise to the control. And another recognition of asset points out that the asset item has a cost or value that can be measured reliably. In the case, players are items and Sydney club pays plenty of money to the players, which proves the players are valuable and the cost or value can be measured.(Deegan, 2012)
Lastly, besides the two points mentioned, it indicates that the players in Sydney club belong to assets because of the judgments of assets’ definition and recognition. And it also demonstrates that Sydney club is an entity which aims to get more benefits from activities, such as matches or some commercial activities, in this situation the players act as assets. Consequently, the club will lose the opportunity to get economic benefits in the future when the players want to sign out the contract with the club. For this reason, high substantial transfer fee or high penalty is necessary because of the remedy of unnecessary losses and high money paid to players would lead them make the best interests or profits to the club.
To summarize, based on the definition and recognition of AASB Conceptual Framework it is reasonable that Sydney club can treat the players as assets, which can guarantee the benefits both of players and clubs.
Problem 2
50c application + 70c allotment = $1.20
Balance on final call = $1.70 - $1.20 = 50c
Table: Money received on Application
Number of shares applied for Number of shares Allotted Money Received Application
50c Allotment
70c Call
50c
200,000 200,000 340,000
($1.7 x 200,000) 100,000
(50c x 200,000) 140,000
(70c x 200,000) 100,000
(50c x 200,000)
800,000 800,000 400,000
(50c x 800,000) 400,000
(50c x 800,000) - -
1,000,000 1,000,000 740,000 500,000 140,000 100,000
2006
August 31 Dr Bank Trust 740,000*
Cr Application 740,000
(Being cash received on application)
*$1.70 x 200,000 + 50c x 800,000 = 740,000
September 1 Dr Application 500,000
Dr Allotment 700,000*
Cr Share Capital 1,200,000
(Being Allotment of 1 million shares)
*1,000,000 x 70c = 700,000
Dr Application 240,000
Cr Allotment 140,000
Cr Calls in Advance 100,000
(Being allocation of excess application money to application and future calls)
Dr Cash at Bank 740,000
Cr Bank Trust 740,000
(Being transfer of trust funds)
September 30 Dr Share Issue Costs 12,000*
Cr Cash 12,000
(Being share issue costs of 7000, and underwriting of $5,000)
*$5,000 + $7,000 = $12,000
Dr Cash 560,000*
Cr Allotment 560,000
(Being cash received on allotment)
*$700,000 Due - 140,000 = 560,000
2007
Jan 3 Dr Retained Earnings/Interim Dividend 50,000
Cr Cash 50,000
(Payment of interim dividend)
March 1 Dr Call 500,000*
Cr Share capital 500,000
(Being call of 50c per share)
*1,000,000 x 50c = 500,000
Dr Calls in Advance 100,000
Cr Call 100,000
(Being transfer of calls received in advance)
March 31 Dr Cash ar Bank 390,000
Cr Call 390,000*
(Being cash received on 780,000 shares)
200,000 shares paid upfront
20,000 shares failed to pay
*500,000 - 100,000 - (20,000 x 50c) = 390,000
April 7 Dr Share capital 34,000
Cr Call 10,000*
Cr Forfeited shares 24,000*
(Being Forfeiture of 20,000 shares)
* Paid = $1.20 x 20,000 = 24,000
Unpaid = 50c x 20,000 = 10,000
April 15 Dr Cash 30,000
Dr Forfeited shares 4,000
Cr Share capital 34,000
(Being reissue of capital forfeited)
April 16 Dr Forfeited shares 20,000*
Cr Cash at Bank 20,000
(Being refund to former shareholders)
* 24,000 - 4,000 = 20,000
June 30 Dr Retained Earnings 100,000
Cr Dividend payable 100,000
(Declaration of final dividend for year ended, 30 June 2007)
Reference list文献
Australian accounting standards board. (2004). Framework for the preparation and presentation of financial statements. Melbourne, VIC: Author. Retrieved from: http://www.aasb.com.au
Deegan, C. (2010). Australian financial accounting. North Ryde, N.S.W. : McGraw-Hill.
51Due原创版权郑重声明：原创范文源自编辑创作，未经官方许可，网站谢绝转载。对于侵权行为，未经同意的情况下，51Due有权追究法律责任。
51due为留学生提供最好的作业代写服务，想获取更多Essay代写范文，亲们可以进入主页 www.51due.com 为留学生提供essay代写服务，了解详情可以咨询我们的客服QQ:800020041哟。-lc
To determine whether the Sydney club is justified in its action of treating players as assets, there has two main issues need to be comprehended. Firstly, we need to focus on what the definition of assets is. Second, according to AASB, we pass to the the recognition of asset. Lastly, it changes to how to justify whether assets is related to players.
First of all, in AASB Framework, it defines an asset as a resource controlled by an entity resulting in past events and from future economic benefits are expected to flow to the entity. On the basis of the definition, it can be clearly demonstrated that because the club’s players signed contracts with the club, their transaction in the past event was owned or controlled by the club. And in these 3 years, the players are the main resources in the club who are equivalent to the club’s employees can make economic benefits. If the players do hard exercises and play good in matches, then their social status will be raised and get more attention to mass media or audiences. Moreover, sometimes they will have a star player who has a lot of fans, then the club can sell the soccer shirts or the match tickets to get more future economic benefits or revenues, commercial advertisements as well. (AASB, 2004)
Furthermore, there are three key characteristics of assets. The first one is that future economic benefit will be brought by assets to company. That is, a directly or indirectly potential ability to bring cash or cash equivalents to the entity, which always comes from operating activity of the entity. It can not be confirmed that the club’s players are the assets of Sydney club if they are not expected to generate the economic benefits to the firm. The second one is that the reporting entity must control the future economic benefits. An asset as a resource must be owned or controlled by an entity, which means the entity has the ownership. Even though the company does not own the right but has the power to control the assets. In other words, generally the ownership of assets should be considered first. In some special circumstance,the entity did not own the asset but can control them, it states that the entity can get the future benefits. Namely, Sydney club can control the players under contract but not own them. The third one is that assets’ transactions or events are arisen to entity’s control over the future economic benefits. Entities can not make assets but only past transactions or events.
Secondly, there has recognition of assets based on AASB Framework can be justified in Sydney club’s case. When a player wants to sign out with Sydney club and go to another club, there is a link there needs a substantial transfer fees between the two clubs. The circumstance always occurs hence the condition of the event or transaction will give a rise to the control. And another recognition of asset points out that the asset item has a cost or value that can be measured reliably. In the case, players are items and Sydney club pays plenty of money to the players, which proves the players are valuable and the cost or value can be measured.(Deegan, 2012)
Lastly, besides the two points mentioned, it indicates that the players in Sydney club belong to assets because of the judgments of assets’ definition and recognition. And it also demonstrates that Sydney club is an entity which aims to get more benefits from activities, such as matches or some commercial activities, in this situation the players act as assets. Consequently, the club will lose the opportunity to get economic benefits in the future when the players want to sign out the contract with the club. For this reason, high substantial transfer fee or high penalty is necessary because of the remedy of unnecessary losses and high money paid to players would lead them make the best interests or profits to the club.
To summarize, based on the definition and recognition of AASB Conceptual Framework it is reasonable that Sydney club can treat the players as assets, which can guarantee the benefits both of players and clubs.
Problem 2
50c application + 70c allotment = $1.20
Balance on final call = $1.70 - $1.20 = 50c
Table: Money received on Application
Number of shares applied for Number of shares Allotted Money Received Application
50c Allotment
70c Call
50c
200,000 200,000 340,000
($1.7 x 200,000) 100,000
(50c x 200,000) 140,000
(70c x 200,000) 100,000
(50c x 200,000)
800,000 800,000 400,000
(50c x 800,000) 400,000
(50c x 800,000) - -
1,000,000 1,000,000 740,000 500,000 140,000 100,000
2006
August 31 Dr Bank Trust 740,000*
Cr Application 740,000
(Being cash received on application)
*$1.70 x 200,000 + 50c x 800,000 = 740,000
September 1 Dr Application 500,000
Dr Allotment 700,000*
Cr Share Capital 1,200,000
(Being Allotment of 1 million shares)
*1,000,000 x 70c = 700,000
Dr Application 240,000
Cr Allotment 140,000
Cr Calls in Advance 100,000
(Being allocation of excess application money to application and future calls)
Dr Cash at Bank 740,000
Cr Bank Trust 740,000
(Being transfer of trust funds)
September 30 Dr Share Issue Costs 12,000*
Cr Cash 12,000
(Being share issue costs of 7000, and underwriting of $5,000)
*$5,000 + $7,000 = $12,000
Dr Cash 560,000*
Cr Allotment 560,000
(Being cash received on allotment)
*$700,000 Due - 140,000 = 560,000
2007
Jan 3 Dr Retained Earnings/Interim Dividend 50,000
Cr Cash 50,000
(Payment of interim dividend)
March 1 Dr Call 500,000*
Cr Share capital 500,000
(Being call of 50c per share)
*1,000,000 x 50c = 500,000
Dr Calls in Advance 100,000
Cr Call 100,000
(Being transfer of calls received in advance)
March 31 Dr Cash ar Bank 390,000
Cr Call 390,000*
(Being cash received on 780,000 shares)
200,000 shares paid upfront
20,000 shares failed to pay
*500,000 - 100,000 - (20,000 x 50c) = 390,000
April 7 Dr Share capital 34,000
Cr Call 10,000*
Cr Forfeited shares 24,000*
(Being Forfeiture of 20,000 shares)
* Paid = $1.20 x 20,000 = 24,000
Unpaid = 50c x 20,000 = 10,000
April 15 Dr Cash 30,000
Dr Forfeited shares 4,000
Cr Share capital 34,000
(Being reissue of capital forfeited)
April 16 Dr Forfeited shares 20,000*
Cr Cash at Bank 20,000
(Being refund to former shareholders)
* 24,000 - 4,000 = 20,000
June 30 Dr Retained Earnings 100,000
Cr Dividend payable 100,000
(Declaration of final dividend for year ended, 30 June 2007)
Reference list文献
Australian accounting standards board. (2004). Framework for the preparation and presentation of financial statements. Melbourne, VIC: Author. Retrieved from: http://www.aasb.com.au
Deegan, C. (2010). Australian financial accounting. North Ryde, N.S.W. : McGraw-Hill.
51Due原创版权郑重声明：原创范文源自编辑创作，未经官方许可，网站谢绝转载。对于侵权行为，未经同意的情况下，51Due有权追究法律责任。
51due为留学生提供最好的作业代写服务，想获取更多Essay代写范文，亲们可以进入主页 www.51due.com 为留学生提供essay代写服务，了解详情可以咨询我们的客服QQ:800020041哟。-lc
