IA 2

HOW TO STUDY IA 2

1. Need to know the nature ( TERMS)

2. Recognition- discuss when to recognize and derecognize

3. Measurement- (How much?)

4. Transaction- Movement of transaction (DR & CR)

5. Presentation- how to present( current/ non-current etc.,)

6. Disclosure- how to disclose and proper statement to disclose

*portfolio
Every accounts ( ex. LIABILITY then using tabulation format)
TABULATION FORMAT
HEADING (NRMTPD)
LEFT SIDE - Account titles

*Download audited financial statement of the other companies (different industries)

1ST LESSON: LIABILTY

File name: A1 PART2_Millan2010_CHAPTER 7
*all multiple choice will be encoded with answer
SUBMMISSION: Sept 15 (2 weeks)