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ACCA F7 ACCA P2 EARNING PER SHARE IAS 33 IAS 33

Revision question on calculation of earnings per share.

Revision question on calculation of earnings per share. earnings per share

i) The issued share capital of Mbeya Trust, a publicly listed company on the Dar es Salaam Stock Exchange, on 31st March 2013 was TZS 10 million. Its shares are denominated at TZS 25 each. Mbeya Trust’s earnings attributable to its ordinary shareholders for the year ended 31st March 2013 were also TZS10 million, given an earnings per share of TZS 25. read more

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ACCA F7 ACCA P2 FINANCIAL ACCOUNTING

4 Characteristics of capital income.

4 Characteristics of capital income.

Capital income is income generated by an asset over time, rather than from work done using the asset, according to Investopedia. If a farmer buys land for a certain amount of money and sells it at a profit after one year, the difference in the prices is capital income read more

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ACCA F7 ACCA P2 FINANCIAL ACCOUNTING

11 Benefits of partnership form of business.

need of human resource accounting

A partnership is a form of business where two or more people share ownership, as well as the responsibility for managing the company and the income or losses the business generates. That income is paid to partners, who then claim it on their personal tax returns – the business is not taxed separately, as corporations are, on its profits or losses. read more

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ACCA F7 ACCA P2 book keeping MANAGEMENT ACCOUNTING

The accounting ledger – meaning.

The required treatment for the change in Accounting Policy.

A ledger is a set of accounts. It contains all the accounts of a specific business enterprise. It may be kept in any of the following two forms:

(i) bound ledger and

(ii) loose leaf ledger

A bound ledger is kept in the form of book which contains all the accounts. These days it is common to keep the ledger in the form of loose-leaf cards. This helps in posting transactions particularly when mechanized system of accounting is used.