IAS 10: Events after the Reporting Period addresses two issues: adjusting events, namely, those events that provide evidence of conditions that existed at the end of the reporting period and non-adjusting events: which are those events that are indicative of conditions that arose after the reporting period that need to be reflected in the financial statements. Amounts recognized in the financial statements are adjusted to reflect adjusting events, but only disclosures are required for material non-adjusting events. Management’s judgment is required in determining whether events that took place after the end of the reporting period are adjusting or non-adjusting events. This will be highly dependent on the reporting date and the specific facts and circumstances of each company’s operations. Coronavirus has overwhelmed the world in various ways and at various times. China was the first to announce spread of the virus in November, 2019. UK announced its first case of coronavirus in February, 2020 and Ghana announced its first case in March, 2020. While company A resides in China, company B resides in the UK and C resides in Ghana. Company A’s financial reporting period ends on 31st October each year; company B’s financial reporting period ends on 31st December, each year and company C’s financial reporting period ends on the 31st of March each year. Management of these companies may need to continually review and update the assessments up to the date the financial statements are issued given the fluid nature of the crisis and the uncertainties involved.
You are required to discuss in respect of each of the companies, the potential management conclusions of the impact of the coronavirus on end of year reporting, mindful of IAS 10.

Regarding Golgi specialized functions:

a) Discuss the Golgi’s roll in ‘trafficking” cell components (include discussing of the ‘two faces’)

b)What role does dolichol phosphate play in glycosylation?

c)Does glycosylation occur before or after a protein is folded?

Brainstorm an example of:

1) a financial accounting issue that would be researched before a transaction is finalized

2) an accounting issue that would be researched after a transaction has been executed

3) an accounting issue that would be researched following financial statement issuance

21. The following survivorships were observed in a population of butterflies on the coast of Chile. Blue (B) is dominant to red (b). Give the relative fitness of the heterozygote genotype.

blue                 red

# individuals before selection                        87                    72

# individuals after selection                           66                    20

What is the definition of an oxidation/reduction reaction? Write down three chemical equations for this type of reaction that occurs in a natural process. Indicate their chemical valences before and after a reaction and point out which chemical species is an oxidant or a reductant in the chemical reaction.

A coin is dropped from a hot-air balloon that is 287.3m above the ground and rising at 10.0m/s upward. For the coin, find: a) the maximum height reached,b) its position 4.34s after being released,c) and the time before it hits the ground.

Consider the hemispherical closed surface in the figure below. The hemisphere is in a uniform magnetic field that makes an angle ? with the vertical.

(a) Calculate the magnetic flux (?B) through the flat surface S1. (Use any variable or symbol stated above along with the following as necessary: pie.)

?B = __________.

(b) Calculate the magnetic flux (?B) through the hemispherical surface S2. (Use any variable or symbol stated above along with the following as necessary: pie.)

?B =__________.

Assume that the DJIA closed at 11,875 one day recently, and the divisor was 0.12493117.

a. What is the sum of the prices of the 20 stocks in the index, given this information?

b. Assume that one stock in the index, Pfizer, moved $4.40 that day, while the index itself moved about 105 points (to close at 10,875). What percentage of the total movement in the DJIA that day was accounted for by the movement in Pfizer?

c. Now assume that one of the 20 stocks had an initial price of $47.50 and the same stock had a 4-for-1 stock split that day. What would the new divisor have to be to keep the index unchanged at 11,875?