Final Exam Outline

F inal E xam O utlines of A C C T19062 (Issues in F inancial Reporting) T erm 3/2010 (Standard & Supplementary/Defer ral E xams)

1. T his examination comprises three (3) Parts A, B & C. 2. Part A is worth 20 mar ks. A nswer all ten (10) multiple choice questions in Part A. T hese are of equal value two (2) mar ks each. 3. Part B is worth 20 mar ks. A nswer all four (4) short answer questions in Part B. T hese are of equal value five (5) mar ks each. 4. Part C is worth 40 mar ks. A nswer all four (4) practical questions in Part C. T hese are of equal value ten (10) mar ks each. 5. A nswer all questions in the examination answer booklet provided. 6. W rite clearly, use headings or subheadings. E xample: Part C Q uestion 2.

Part A (20 mar ks)

T he multiple choice questions are mainly based on the following topics (review your weekly

activities):

Topic 2: The Conceptual framework of accounting and its relevance. Topic 3: Depreciation and revaluation of non-current assets. Topic 4: Accounting for intangible assets. Use the following style to answer Part A . Q uestion No. 1 2 3 . . 10 d A nswer a b c

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Part B (20 mar ks)

T he short answer questions are mainly based on the following topics (you need to write no

more than 1 page to answer each question ).

Topic 4: Accounting for intangible assets. Topic 5: Accounting for heritage assets and biological assets. Topic 7: Accounting for employee benefits. Topic 10: Other financial reporting issues. Topic 11: Accounting for foreign currency transactions.

Part C (40 mar ks)

T he questions that are mainly based on weekly tutorials and wor ked examples in the T extbook. T hese questions cover the following topics: Topic 4: Accounting for intangible assets (practical only). Topic 6: Accounting for leases (practical only). Topic 7: Accounting for employee benefits (practical only). Topic 8: Accounting for the extractive industries (practical only). Topic 9: Accounting for superannuation plans...