abc pty ltd is a small proprietary company the shareholders are mr and mrs abc who 243853

a. ABC Pty Ltd is a small proprietary company. The shareholders are Mr and Mrs ABC, who also manage the company’s day to day operations. The company’s bankers THE BANK, receive monthly management accounts, budgeted cashflow information, and the year-end statutory accounts. b. F Pty Ltd is a large company- one of only two in Australia- involved in the manufacturing of widgets. Although the shares are tightly held by family members – the company employs 200 staff. The company has small number of major suppliers. The company’s sole banker received the company’s the yearend statutory accounts under it borrowing agreement. c. E Trust is a private trust wherein up to a maximum of 30 members may deposit amounts to be invested in blue-chip equities. Quarterly reports are produced disclosing the market value of the trust and each member’s entitlement.

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1/2 Assignment 1 T3 – 2012 Subject Code: ACC305 Subject Name: Social and Environmental Accounting Instructions for Assignment/Assessment Criteria 1. Total marks 20. 2. All students must submit their assignment in printed form to the Lecturer on or before week 5, Thursday, 13 December 2012 by 9.00 am. Penalties apply for the late submissions. No soft copies will be accepted. 3. Assignment consists of two questions. (6+9 Marks) 4. You can present your work in any suitable form. Your work should be well organized, correct layout including Arial, font size 12, 1.5 spaced and should not exceed word length of 1200-1500 words. (2 Marks) 5. Your work should be critically reflective and based on the reading of a wide range of resources. You should research using all of these sources: Internet, library texts and educational journals to clarify your position. You should refer to material from at least two books (may be online books), at least two journal articles (online journal articles) and at most two (2) internet sites (general websites). Based on these reading, you should prepare informed responses to the questions. You should demonstrate correct application and use of in-text referencing and a reference list. Referencing should be styled in accordance with institutions guidelines. (3 Marks) 2/2 Question 1 a. ABC Pty Ltd is a small proprietary company. The shareholders are Mr and Mrs ABC, who also manage the company’s day to day operations. The company’s bankers THE BANK, receive monthly management accounts, budgeted cash-flow information, and the year-end statutory accounts. b. F Pty Ltd is a large company-one of only two in Australia-involved in the manufacturing of widgets. Although the shares are tightly held by family members – the company employs 200 staff. The company has small number of major suppliers. The company’s sole banker received the company’s the year-end statutory accounts under it borrowing agreement. c. E Trust is a private trust wherein up to a…

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