What is equity accounting?Is this allowed with IFRS?
What the difference between equity accounting and treating a JV as if its a subsidiary and showing minorit interest. Is it allowed to treat a JV as if its a subsidiary and show 50% minority interest.
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Equity accounting is a method of accounting whereby a corporation will document a portion of the undistributed profit for an affiliated company in which they own a position. The arrival of 2005 has herald a new reality for companies grappling with IFRS conversion, yes the change to IFRS may affect a lot more than financial statements.
Answer 2 :
Equity accounting is usually used for associates and joint ventures. When you have significant influence over an investee, that investee is your associate, and you have to apply equity accounting. Not only is it allowed with IFRS, it is required under IAS 28. If your interest is 50%, you need to look at the qualitative criteria to ascertain if the investee is an associated company or a joint venture. If you decide that it's a JV, you can choose to account for it under equity accounting or proportionate consolidation. To put it very simplistically, Control - subsidiary (IAS 27) Significant influence not amounting to control - associate (IAS 28) Joint control - joint venture (IAS 31) For the details, read the summaries at the links.
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Friday, January 7, 2011
Saturday, January 1, 2011
what do you think is a good carrer for me? im doing pe maths accounting and biology in college?
what do you think is a good carrer for me? im doing pe maths accounting and biology in college?
the best pay career you cant think of?
Other - Education - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
a GP (Genral practitioner) - basically a doctor - they are in high demand all over the world
Answer 2 :
A famous sportsman's financial adviser? I guess that means dropping Biology for A2, but if you don't want to be a famous sportsman's financial adviser, then it's up to you.
Answer 3 :
What level are we talking about, A-level? Sorry to say it, but A-levels alone will not determine your career, they only facilitate your entry to university. When you choose your degree you will be deciding your future to a certain extent. You need to decide what you want to do, and take the relevant courses if you have a definite idea. If you don't know what you want to do, stay in education and gain as many qualifications as possible, as these will open doors later on.
Answer 4 :
Accountant if you are confident of getting a 2:1 from a degree (prefably accounting). Actuary if you want to get a really good maths degree. Physiotherapy if you are really into the health care sector. Biological engineering if you like looking into biological stuff. It's more about what you are passionate about. It's no use me telling you what career you want if you are not interested in it; you won't succeed or propel in it.
Answer 5 :
PE and Biology sound good.
Answer 6 :
the best profession for you would be whichever you love to do. it's not in the course you take, it's in your passion for it. doing the job you love is the only way to truly excel and be able to honestly say, "i love my job!" believe me, whatever degree you have, there would be a point in your life when you would go back to that something you love. take it from someone who did a career shift on professions two worlds apart. so ask yourself point blank, and answer straight from your heart. good luck!
Answer 7 :
accountancy... then you study law...
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the best pay career you cant think of?
Other - Education - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
a GP (Genral practitioner) - basically a doctor - they are in high demand all over the world
Answer 2 :
A famous sportsman's financial adviser? I guess that means dropping Biology for A2, but if you don't want to be a famous sportsman's financial adviser, then it's up to you.
Answer 3 :
What level are we talking about, A-level? Sorry to say it, but A-levels alone will not determine your career, they only facilitate your entry to university. When you choose your degree you will be deciding your future to a certain extent. You need to decide what you want to do, and take the relevant courses if you have a definite idea. If you don't know what you want to do, stay in education and gain as many qualifications as possible, as these will open doors later on.
Answer 4 :
Accountant if you are confident of getting a 2:1 from a degree (prefably accounting). Actuary if you want to get a really good maths degree. Physiotherapy if you are really into the health care sector. Biological engineering if you like looking into biological stuff. It's more about what you are passionate about. It's no use me telling you what career you want if you are not interested in it; you won't succeed or propel in it.
Answer 5 :
PE and Biology sound good.
Answer 6 :
the best profession for you would be whichever you love to do. it's not in the course you take, it's in your passion for it. doing the job you love is the only way to truly excel and be able to honestly say, "i love my job!" believe me, whatever degree you have, there would be a point in your life when you would go back to that something you love. take it from someone who did a career shift on professions two worlds apart. so ask yourself point blank, and answer straight from your heart. good luck!
Answer 7 :
accountancy... then you study law...
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Tuesday, December 28, 2010
Best accounting program for a very small business?
Best accounting program for a very small business?
Can you recommend a free accounting program for a small business? thanx
Small Business - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Easy Accounts Pro 1.0 Download: http://rapidshare.com/files/230099205/Easy.Accounts.Pro.v1.0.rar
Answer 2 :
You can not have the best & free, but, there is a free one called gnucash, and turbocash the best for small business are quickbooks, & peachtree, if you get the most basic system w/ discounts it really is worth it, you can call or e-mail both companies w/ questions about the software, let them know you are shopping & you will get a great price. Best of Luck
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Can you recommend a free accounting program for a small business? thanx
Small Business - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Easy Accounts Pro 1.0 Download: http://rapidshare.com/files/230099205/Easy.Accounts.Pro.v1.0.rar
Answer 2 :
You can not have the best & free, but, there is a free one called gnucash, and turbocash the best for small business are quickbooks, & peachtree, if you get the most basic system w/ discounts it really is worth it, you can call or e-mail both companies w/ questions about the software, let them know you are shopping & you will get a great price. Best of Luck
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Tuesday, December 14, 2010
A levels!! Shall I take history or accounting for AS?
A levels!! Shall I take history or accounting for AS?
I got a grade C in English at GCSE. Do I need a higher level to obtain atleast a grade B at AS in history? Or Accounting?
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
The accounting a-level isn't accepted as a decent subject by accounting firms, your better off with straight Maths. So yeah History over Accounting, even if you want to be an accountant.
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I got a grade C in English at GCSE. Do I need a higher level to obtain atleast a grade B at AS in history? Or Accounting?
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
The accounting a-level isn't accepted as a decent subject by accounting firms, your better off with straight Maths. So yeah History over Accounting, even if you want to be an accountant.
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Tuesday, December 7, 2010
I work in the finance department at Coca Cola - Am I "accounting for taste"?
I work in the finance department at Coca Cola - Am I "accounting for taste"?
Trivia - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I would say so..what a FANTAstically rewarding job eh?!
Answer 2 :
Lack of taste would be more appropiate.
Answer 3 :
Only if you're Sprite-ly about it...
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Trivia - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I would say so..what a FANTAstically rewarding job eh?!
Answer 2 :
Lack of taste would be more appropiate.
Answer 3 :
Only if you're Sprite-ly about it...
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Wednesday, December 1, 2010
UK ONLY: finding work in accounting? i am from the US.?
UK ONLY: finding work in accounting? i am from the US.?
WHAT are my chances of finding a company to sponser me so i can move to the UK, IF I use an agency and/or headhunter. or would this not really help? i am a accounting techinican, which is kind of like a accounting assistant with one year experience. thanks for honest replies. really the uk or really london is the only other place i have wanted to live that is not in the States. and it is close to all the other countries i want to visit.
Financial Services - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
There is a shortage of skills in the accounting industry here. And most of the largest companies in Britain are banks(RBS, HSBC etc), and there are also lots of independent Accountancy firms so you should find an employer relatively easily. Your qualifications in the US should be valid here. I dont think a headhunter would be much use. You should just contact as many companies as yuo can by phone or e-mail, and ask them to sponsor you. Once you are here it hardly matters as the UK government really doesnt effectively monitor the situation of migrants, and you wouldnt be thrown out, so you could easily change jobs. May I ask though, why would you want to move TO the UK? Everyone here wants to leave.
Answer 2 :
I'm sure if you came to the UK you'd find work, but with your skills, I'd doubt anyone would pay for you to come over here or sponsor a move. To get that kind of assistance, you'd really need to be far more highly qualified.
Answer 3 :
Do you have a degree? If so, have you looked into the Highly Skilled Migrant Program (HSMP)? It's actually a lot easier to qualify for than you'd think. As an example, I have a friend who has a Bachelor's Degree plus about three years' work experience in Financial Analyst roles, and she has qualified, so maybe you would need a couple of years more experience but then you might. I'd do some research on that as I think it's going to be your best bet. This is a visa which gives you entry to the UK and entitles you to work for any employer for two years. If you're employed in a full-time, permanent job when those two years come to an end, then it is automatically extended for another three years. Then after that time, you can apply to be a Permanent Resident of the UK. Otherwise, try getting a job in the US with a multinational company. Once you've put in a year, you're usually eligible to apply for positions overseas, and your company will take care of all the legalities. If neither of these work for you, then realistically, your chances are zero.
Answer 4 :
There are number of job openings for you in UK. Please browse the following sites and apply on line :- www.jobscareers24.com www.accountingjobsnet.co.uk/ www.cv-library.co.uk www.clickajob.co.uk Please note, it is unlawful to employ a person in a UK-based job who does not have permission to live and work in the UK. You should make yourself aware of how immigration laws apply to your situation before applying for any jobs.
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WHAT are my chances of finding a company to sponser me so i can move to the UK, IF I use an agency and/or headhunter. or would this not really help? i am a accounting techinican, which is kind of like a accounting assistant with one year experience. thanks for honest replies. really the uk or really london is the only other place i have wanted to live that is not in the States. and it is close to all the other countries i want to visit.
Financial Services - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
There is a shortage of skills in the accounting industry here. And most of the largest companies in Britain are banks(RBS, HSBC etc), and there are also lots of independent Accountancy firms so you should find an employer relatively easily. Your qualifications in the US should be valid here. I dont think a headhunter would be much use. You should just contact as many companies as yuo can by phone or e-mail, and ask them to sponsor you. Once you are here it hardly matters as the UK government really doesnt effectively monitor the situation of migrants, and you wouldnt be thrown out, so you could easily change jobs. May I ask though, why would you want to move TO the UK? Everyone here wants to leave.
Answer 2 :
I'm sure if you came to the UK you'd find work, but with your skills, I'd doubt anyone would pay for you to come over here or sponsor a move. To get that kind of assistance, you'd really need to be far more highly qualified.
Answer 3 :
Do you have a degree? If so, have you looked into the Highly Skilled Migrant Program (HSMP)? It's actually a lot easier to qualify for than you'd think. As an example, I have a friend who has a Bachelor's Degree plus about three years' work experience in Financial Analyst roles, and she has qualified, so maybe you would need a couple of years more experience but then you might. I'd do some research on that as I think it's going to be your best bet. This is a visa which gives you entry to the UK and entitles you to work for any employer for two years. If you're employed in a full-time, permanent job when those two years come to an end, then it is automatically extended for another three years. Then after that time, you can apply to be a Permanent Resident of the UK. Otherwise, try getting a job in the US with a multinational company. Once you've put in a year, you're usually eligible to apply for positions overseas, and your company will take care of all the legalities. If neither of these work for you, then realistically, your chances are zero.
Answer 4 :
There are number of job openings for you in UK. Please browse the following sites and apply on line :- www.jobscareers24.com www.accountingjobsnet.co.uk/ www.cv-library.co.uk www.clickajob.co.uk Please note, it is unlawful to employ a person in a UK-based job who does not have permission to live and work in the UK. You should make yourself aware of how immigration laws apply to your situation before applying for any jobs.
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Sunday, November 28, 2010
I require blank copies of profit and loss accounting sheets?
I require blank copies of profit and loss accounting sheets?
Small Business - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
http://www.5starspreadsheets.com/?gclid=CIil3NnJ0IcCFQI1UAodqSF4IA
Answer 2 :
I have never seen blank copies of a P & L. Everyone's accounts are different. You can make one in Excel.
Answer 3 :
sage has them built in - try it
Answer 4 :
Just make your columns up, and that will do ya.
Answer 5 :
It is so easy to do a template on Excel, i had to replace my motherboard recently so i've lost all my accounting templates, sorry!!
Answer 6 :
What sort of industry are you in? I am in Legal Accounts and my P&L is ridiculously complicated!
Answer 7 :
can't help u there
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Small Business - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
http://www.5starspreadsheets.com/?gclid=CIil3NnJ0IcCFQI1UAodqSF4IA
Answer 2 :
I have never seen blank copies of a P & L. Everyone's accounts are different. You can make one in Excel.
Answer 3 :
sage has them built in - try it
Answer 4 :
Just make your columns up, and that will do ya.
Answer 5 :
It is so easy to do a template on Excel, i had to replace my motherboard recently so i've lost all my accounting templates, sorry!!
Answer 6 :
What sort of industry are you in? I am in Legal Accounts and my P&L is ridiculously complicated!
Answer 7 :
can't help u there
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