Corporate Accounting Assignment Sample Online

Corporate accounting primarily deals with the management of companies’ accounts. It deals with a wide spectrum of activities ranging from the preparation of statements like, income and cash flow, to keeping track of the firm’s taxes. To ensure that students develop a deep understanding of the real-world applications of corporate accounting, universities have been handing out complex corporate accounting assignments. These assignments include tedious tasks which might involve going through a firm’s annual reports, describing its items of equity and assessing its income tax expenses. Owing to the complexity of these assignments, students sometimes struggle to make a submission on time. My Assignment Services is one of the leading providers of Corporate Accounting assignment help in Australia. Since accounting standards vary on a country-by-country basis, we have a dedicated team of Corporate Accounting assignment writing experts, based in Australia. Our experts are Australian natives and hold a full-fledged understanding of Australian accounting standards. An added advantage is our unmatched knowledge of university-specific guidelines and marking criteria. Our experts tailor assignments to the specific requirements of each assessment, hence providing winning solutions to the students who seek our services.

Few Areas of Corporate Accounting That We Assist With

Corporate Accounting is a wide field of study, and various types of assignments can be allotted to students as part of their university curriculum. Even students who are proficient with the theoretical knowledge of Corporate Accounting find themselves struggling when it comes to writing assignments. Coming up with insightful explanations by going over a company’s annual reports and assessing tax expenses is an error prone task. Our accounting assignment services provide help with all sorts of Corporate Accounting assignments. Our experts are well-versed with all areas of Corporate Accounting. Some of the services that we have provided in the past are:

• Corporate Accounting Assignment Help
• Financial Accounting and Reporting Assignment Help
• International Finance Assignment Help
• Business Economics Assignment Help
• Accounting Fundamentals Assignment Help
• Income Taxation Assignment Help
• Auditing Assignment Help
• Financial Statement Analysis Assignment Help
• Managerial Finance Assignment Help
• Managerial communication and professional Ethics Assignment Help
• Asset Management Assignment Help
• Cost Management Assignment Help

The below corporate accounting assignment sample will give you an idea on how our accounting subject matter experts approach your assignments.

Assignment Question:

200109 Corporate Accounting Systems Autumn 2017 Practical Project

The practical project involves two parts:

• Part A is the preparation of a selection of consolidation elimination journals for year ending 30 June 2019, for an economic entity comprising a parent and subsidiaries plus working papers of a professional standard.
• Part B is an explanation of the outcome of the consolidation process undertaken in Part A.

Part A (50%) The World Retailing Ltd acquires 80 per cent of the shares of Mark Construction Ltd on 30 June 2019 for a consideration of $584 000. The share capital and reserves of Mark Construction Ltd at the date of acquisition are:

There are no transactions between World Retailing Ltd and Mark Construction Ltd at the date of acquisition. All assets of Mark Construction Ltd are fairly valued at the date of acquisition, except for a major plant that had a fair value $25 000 greater than its carrying amount. The cost of the plant was $125 000 and it had accumulated depreciation of $90 000. In addition, the World Retailing Ltd acquired 100 per cent of the shares of Adelaide Retailing Ltd on 1 July 2017-that is two years earlier. The cost of investment was $500 000. At that date the capital and reserves of Adelaide Retailing Ltd were:

At the date of acquisition, all assets of Adelaide Retailing Ltd were considered to be fairly valued. Adelaide Retailing Ltd declared and paid dividend $120 000 on 30 June 2019. World Retailing Ltd incurred the following transactions with Adelaide Retailing Ltd during financialyear 2018-2019:

• During the year World Retailing made total sales to Adelaide Retailing of $71 000, while Adelaide Retailing sold $56 000 in inventory to World Retailing.

• The closing inventory in World Retailing includes inventory acquired from Adelaide Retailing at a cost of $45 000. This cost Adelaide Retailing $38 000 to purchase.

• The opening inventory in World Retailing as at 1 July 2018 included inventory acquired from Adelaide Retailing for $62 500 that cost Adelaide Retailing $53 750.

• Adelaide Retailing paid $55 000 in management fees to World Retailing.

• On 1 July 2018 World Retailing sold an item of plant to Adelaide Retailing for $145 000 when its carrying amount in World Retailing’s accounts was $100 000 (initial cost $168650, accumulated depreciation $68 650). This plant is assessed as having a remaining useful life of nine years.

Part B (50%) The financial statements for year ending 30 June 2019 for the economic entity have been prepared on the basis of your journals from Part A. These statements have been presented to the Board of Directors. One of the Board members pointed out that the new business acquired by World Retailing is a construction company. Its financial statements should not be consolidated because it is involved in construction, whereas all of the other companies in the economic entity are involved in retailing industry. The Board is also alarmed that the economic entity’s balance sheet shows a deferred tax balance, when the accounts for World Retailing Ltd had no deferred tax asset or deferred tax liability.

Our Approach

My Assignment Services is your go to place for Corporate Accounting Assignments. Our subject matter experts strive to provide round the clock services to our customers. Your inputs are valuable to us and we will share a draft based on your assignment requirements with you. Based on your inputs, we will customise the assignment as per your needs. We can assure you that our top most priority is your satisfaction and we are willing to make changes as many times as you might require. Our experts will answer all your questions and clear any doubts that you might have on the subject. We ensure assignment help that is 100% authentic and plagiarism free. Feel free to reach us via call or email and avail our affordable assignment writing services.