NCA Finance Assingment Help With Solution

NCA Finance Assingment Help With Solution

Introduction: Start with an introduction which effectively brings out the concept and importance of definition in today’s contemporary world
Task 1:
Introduction, objective and recognition criteria
The students will be expected to cover the following points when composing the report. The discussions can include but need not be limited to the following
• Objective of IAS 16
• Recognition – what is the criteria that is used for an asset to be recognised as a depreciable NCA in the FS.
Task 2: Characteristics of depreciation
Write here at least 6/8 main characteristics of depreciation such effect of depreciation, on the value, duration, reason, effect on financials etc with reference to academic literature and properly referenced .

Task 3: Need for Depreciation:
Write here at least 2/3 reasons for providing depreciation such as calculation of accurate profits, accurate valuation of NCA’s, providing for replacement etc with reference to academic literature and properly referenced.


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Task 4:
Factors considered for determination of method of depreciation
Write here at least 4/5 factors that are considered for determination of method of depreciation such as original cost, useful life, scarp value, local regulations, technological obsolescence etc

Task 5:
Study the financial statements of your chosen organisation and write a report analysing and commenting on the appropriateness of the chosen method of depreciation. Also bring out the rates at which depreciation is charged for various classes of assets and why this rate has been chosen by the business.

Task 6:
• Write a brief report analysing the impact on both financial statements if a different method is chosen.
• You must support with numerical example bringing out the exact impact on Statement of CI and statement of FP using alternate methods.

Task 7:

Study the financial statements of your chosen organisation and write a report bringing out the details of noncurrent assets including a discussion on details such as original cost, disposals, additions as well as current and accumulated depreciation and net book value of various classes of noncurrent assets.



Product Code :Fin221

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