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Research assignment
Conduct research and write a 2,500 word individual essay that critically evaluates IFRS in particular answering the following questions:
Is IFRS better or worse for financial statement analysis? Is it better or worse for investors?
Answer the following:
– What is IFRS?– Current implementation of IFRS in Australia– Main components of the IFRS and how it is different to Australian and other standards– Different opinions on IFRS in Australia– Conclusion: Is IFRS better or worse for financial statement analysis and for investors?
Attachment:- Assignment.rar
Verified Expert
This assignment deals with ensuring that the various aspects are leading to the aspect of the financial reporting under the guidance of IFRS on a universal platform as well as the Australian background to complete the assignment it is important for the expert to have a substantial level of knowledge on the Australian accounting standards and the international financial standards.
Report Mechanics and Report Format (/10) • Check for spelling, capitalization, punctuation, and sentence structure. 5% 0% 0.00% Research (/15) • Evidence of Primary Research and Secondary Research • Evidence of Supporting Material • Evidence of Work undertaken 15% 0% 0.00% References (/5) 5% 0% 0.00% Appendices (/5) 5% 0% 0.00% Total 100.00% 0.00% 0.00%
4 Sales and Marketing Analysis (15) • How will you get potential customers to buy your product? • Develop a sales 15% 0% 0.00% strategy. • Define your channel of distribution. • Research various advertising media • Select channels for your business and state why. • Create advertisements. • Create a promotional strategy • Use of Conceptual Models Management and Legal (/10) • Who are the managers? • What is their area of responsibility? • Who are the owners? • Legal Issues 10% 0% 0.00% Financials (/15) • Identify Risks • Identify potential expenses and capital requirements. • Create financial statements - cash flow, income and balance sheet • Break-Even analysis • Ratio Analysis • 3 Year Cash Projection 15% 0% 0.00%
Business Description • Complete and accurate overview of Industry • Mission statement/Goals • Explanation for the 10% 0% 0.00% business type, legal structure, name, and location chosen. • Description of the product/service, why it is needed and what makes it unique. • Describe the company's position and pricing strategy Industry/Sector Analysis • Customer profile - who are they, where are they, what do they need, where do they currently buy? • Research market demographics. Business Opportunities, Niche Markets • Research competition. What are their strengths and weaknesses? • Research labour availability. • Estimate sales • Conceptual Models 10% 0% 0.00%
Factors Weighting Score Total Cover Page and Executive Summary • All information present • Each key section briefly summarized. • Specifically answers: • What business are you in? • Who is on the team? • Where will you locate and why? • What is your product/service? • How much capital will be needed? • Why we should invest in your company? 10% 0% 0.00%
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