International Financial Management

Varnay Ltd is a manufacturing company which prepares annual to 31 December. In November 2017, the company announced a plan […]

Yeng and Sons Ltd prepares to 31 May each year. On 25 January 2018, the company classifies a disposal group

At the end of an accounting period, a company has each of the following: (a) A present obligation which will

Hullman Ltd prepares to 31 March each year. Consider each of the following situations and determine in each case whether

(a) International standard IFRS9 (which must be applied in accounting periods that begin on or after 1 January 2018) classifies

On 1 May 2017, a company which prepares to 30 April each year issues £750,000 of 3% loan stock at

(a) Identify the circumstances in which a cost formula may be used to establish the cost of inventories. (b) A

On 1 July 2015, Helvelyn Ltd (which applies IAS17) entered into a finance lease to acquire a machine. The cash

Lees Ltd leases an assembly machine on a finance lease. The lease requires Lees Ltd to make five rental payments

Endale Ltd (which applies IAS17) prepares accounts to 31 March each year. On 1 April 2016, the company acquired an