Cuối chap 2

Question 1

Tangible non-current assets gồm?

Answer 1

• Property, plant and equipment

- Rộng hơn có land and buildings, fixtures and fittings, motor vehicles

Question 2

Carrying amount còn gọi là?

Answer 2

Net book value, written-down value

Question 3

Net book value bằng?

Answer 3

The cost of asset - Total depreciation to date

Question 4

Ngoài net book value, còn có thể dùng cái gì để record property, plant and equipment

Answer 4

fair values (current market values) -> the exchange value in arm’s length transactions)

Question 5

Fair values lợi hơn depreciated cost figures ntn?

Answer 5

• provide users with more up-to-date info -> more relevant to their needs
• place business in a better light (vì assets như property may have increased significantly in value over time)

Question 6

Revaluing non-current assets dẫn tới?

Answer 6

The depreciation charge will be increased (vì cái ni is based on the increased value of the asset)

Question 7

Vs tăng giá property từ 50 tới 70 thì balance sheet ảnh hưởng ntn?

Answer 7

• Ghi tăng tài sản property lên 20

- Ghi tăng equity vì 20 là the gain on revaluation (owner benefits from the gain)

Question 8

Hậu quả của việc xài out-of-date revaluations on balance sheet ?

Answer 8

• Mislead users

- It lacks the objectivity and verifiability of historic cost; realism of current values.

Question 9

Khi property, plant and equipment is revalued on the basis of fair values thì?

Answer 9

All assets within that particular group must be revalued

Question 10

Goodwill là chi?

Answer 10

Lợi thế thương mại
cái khi 1 cty bị mua lại, bao gồm thương hiệu mạnh, mối quan hệ tốt vớikhác hàng, mỗi quan hệ tốt với nhân viên hoặc bất cứ bằng sáng chế hay công nghệ phù hợp nào.

Question 11

vd cho assets have infinite useful life?

Answer 11

goodwill

Question 12

Net realisable value =?

Answer 12

Selling price - Selling costs

Question 13

Balance sheet helps users ntn?

Answer 13

1/ Provides insights about how the business is financed and how its funds are deployed
2/ Provides a basis for assessing the value of the business
3/ Relationships between assets and claims can be assessed
4/ Performance can be assessed

Question 14

Bank overdraft thuộc?

Answer 14

Short-term borrowing

• Nếu mà owner bơm vốn bằng cách nạp tiền vô ngân hàng 100, hiện tại có bank overdraft là 43
• > Ghi tăng Equity lên 100
• > Ghi giảm short-term borrowing 43
• > Cash cũng phải trừ 43