参考号：EM131402029

Words count: 1,200 – 1500 words

Question 1: Accounting for Income Tax (suggested words count: approximately 300)
Use the information relating to income tax in the financial statements of the allocated ASX Company and answer the following:
(i) The income tax expense included in the profit or loss for the year? 2 marks
(ii) Any income tax included in other comprehensive income; 2 marks
(iii) The current and deferred tax components of income tax expense; 4 marks
(iv) Whether a deferred tax asset or deferred tax liability or both is disclosed in the statement of financial position and the size of these balances; 5 marks
（v）为什么所得税费用通常不等于会计利润乘以公司税率。7分

问题2：外国行动的翻译（建议的单词计数：大约200个单词）15分

Please refer to the ASX company that has been allocated to you. Based on its 2015 annual report and the relevant notes, answer the following:
（i）公司的功能货币是什么？描述用于确定实体3分的功能货币的准则
(ii) Explain its note on foreign currency translation to the users of the Company 4 marks
(3)解释什么是“交换difference'. Distinguish between an unrealised exchange gain/loss and a realised exchange gain/loss. Provide an overview of the accounting requirements of AASB 121 in relation to foreign currency transactions and exchange differences. 8 marks

Question 3: Business combinations and consolidation (suggested words count: 800)
50 Marks
(i) Earth Ltd has 44% of the voting rights in Mars Ltd. The other 56% of voting rights in Mars Ltd are held by several hundred shareholders who are geographically dispersed. No other shareholder owns more than 1% of the voting rights in Mars Ltd. In general, few of the other shareholders attend Annual General Meetings. There are no arrangements between shareholders for making collective decisions.

必需的:
请参阅AASB 10/IFRS 10合并财务报表的相关段落
(a) Explain whether Earth Ltd is likely to control Mars Ltd; 6 marks
(b) Would it make any difference to your answer to (a) above, if apart from Earth Ltd, there were only two other shareholders in Mars Ltd, each with a 28% shareholding interest? 6 marks

（ii）请参阅分配的ASX公司的年度报告，并回答以下内容：
（a）截至2015年6月30日的年度综合收入的总收入数量是多少？描述该公司综合收入的组成部分，并表明该综合收入的数量归因于（i）父母实体的股东；（ii）非控制利息6分
(b) Explain how your Company complies with paragraph 81B of AASB 101 Presentation of Financial Statements? 3 marks
(c) Explain whether your Company has complied with the requirements of paragraphs 54 (q) and 54 (r) of AASB 101, and paragraph 22 of AASB 10 Consolidated Financial Statements? 4 marks
（d）仔细阅读该公司的“合并原则”会计政策，并确定它是否符合AASB 10的要求。5分数

(iii) Consolidation journal entries 20 marks
Parent Ltd (Parent) owns 80% of the issued shares of Subsidiary Ltd (Subsidiary). During the period ended 30 June 2016, the following transactions took place.
(a) In August 2015, Parent sold to external entities $2,000 worth of inventories that had been sold to it by Subsidiary in April 2015 at a profit before tax to Subsidiary of $200.
(b) In March 2016, Parent sold $10,000 worth of inventories to Subsidiary, recording a profit before tax of $1,000. At 30 June 2016, 10% of these inventories remained unsold by Subsidiary.
(c) In April 2016, Subsidiary sold $12,000 worth of inventories to Parent Ltd at a mark-up of 20%. At 30 June 2016, $1,200 of these inventories remained unsold by Parent Ltd.
(d) At 1 July 2014, Parent purchased plant from Subsidiary for $100,000. At that date, this plant had a carrying amount of $90,000 in the accounts of Subsidiary.
(e) At 30 June 2016, Parent recorded depreciation of $10,000 in relation to plant sold to it by Subsidiary on 1 July 2014. Parent uses a 10% p.a. straight-line depreciation method for plant.

必需的:
Assuming a company tax rate of 30%, prepare consolidation journal entries to eliminate the effect of intra-group transactions as at 30 June 2016, considering the effect on non-controlling interest (NCI) where applicable.

问题4：合伙人和合资企业（建议的词计数：大约200）15分

Amalgamated Holdings Ltd (now Event Hospitality & Entertainment Ltd) provided the following accounting policy in its 2015 annual report (p.68):

Interests in equity accounted investees
The Group's interests in equity accounted investees comprise interests in associates and interests in joint ventures. Associates are those entities in which the Group has significant influence, but not control or joint control, over the financial and operating policies. Significant influence is presumed to exist when the Group holds between 20% and 50% of the voting power of another entity.

Interests in associates and joint ventures are accounted for using the equity method. They are recognised initially at cost, which includes transaction costs. Subsequent to initial recognition, the consolidated financial statements include the Group's share of the profit or loss and other comprehensive income of equity accounted investees, until the date on which significant influence or joint control ceases.

与股权账户的交易产生的未实现的收益在该集团对实体的利益范围内被取消。未实现的损失与未实现的收益相同，但仅在没有损害的证据的范围内。

必需的
Mary Green, a substantial shareholder in Event Hospitality & Entertainment Ltd who has limited accounting knowledge, particularly about equity accounting, has asked you to provide a report to her commenting on:
（i）合伙人和合资企业之间的区别4分
（ii）显着影响与控制4分之间的差异
(iii) How the date of significant influence is determined; and 2 marks
(iv) What is meant by the term "unrealised gains" and why they are eliminated?