MGT301MIDTERM PAST PAPERS
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Principles of Marketing:
The financial statements should also disclose. Existence and amount of restrictions on ownership and land, buildings, and equipment pledged as security. Accounting rules for estimated costs of restoration of the site of items of land, buildings, and equipment Amount of expenditure on account of unfinished land, buildings, and equipment.
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MGT301 MIDTERM PAST PAPERS:
Amount of pledges for the acquisition of land, buildings, and equipment. The choice of depreciation method and estimation of the useful life of the asset is a matter of judgment. Disclosure of adopted methods and estimated useful life or depreciation assessment, therefore, provides users with financial statements with information that enables them to review the policies chosen by management and enables comparison with other businesses.
MGT301 MIDTERM SOLVED PAPERS:
The entity discloses the nature and impact of a change in an accounting estimate that has a material impact on the financial statements current period or is expected to have a significant impact in subsequent periods in accordance with IAS 8, Net Profit or loss for the period, material errors and changes in accounting policy. Such disclosure may occur from changes in estimates with respect.