Draft a business letter in reply for case ferengi ears ltd

Reference no: EM133705105

Financial Reporting

Assessment Title - Statement of Advice

Assessment Type - Provision of advice on accounting issues

Task
Analyse client information using the information and questions raised by the CEO, and present the findings in a Statement of Advice with a covering Business Letter.

Assessment Description

Assume that you are part of a team of graduate accountants working for an independent consulting & accounting firm. The Manager of your firm has asked you to prepare a statement of advice in response to an email received from a client, raising accounting issues.

You should address all the technical issues/discussion in the statement of advice, followed by a Reference List.

For each issue, you are expected to:
Identify the facts and accounting topic
Apply the relevant legislation, accounting standard and/or process
Make a recommendation and/or summary of the correct accounting treatment.Your Task
You are required to prepare a business letter to answer key accounting issues in regard to an acquisition analysis of a wholly owned subsidiary and various inter-company transactions.

Part A: Technical component 20% - This mark covers the technical content of your advice and the explanation of each of the issues, the calculations and journal entries (where applicable).

Part B: Communication Skills 10% - This mark covers the generic skills of writing; layout, clear meaning, structure and organisation, appropriate tone and grammar, spelling, and punctuation throughout the whole assignment. It also includes referencing.

Case Study
Ferengi Ears Ltd, a publicly traded company listed on the ASX, is a global leader in the development, manufacturing, and commercialisation of implantable hearing solutions. With shares trading at $9.20 each on 1 July 2022, the company has invested consistently in research and development to enhance and expand their product portfolio. As a result, thousands of individuals worldwide now benefit from Ferengi Ears implants that significantly improve their quality of life and communication abilities. Under the leadership of our new CEO, Ferengi Ears Ltd has initiated a strategy of providing personalised solutions and comprehensive support to patients. This approach includes the acquisition of Precisi Medical Ltd, whose clinics assist in diagnosing patients' hearing requirements, ensuring optimal outcomes for those with hearing loss.

Ferengi Ears Ltd's incremental borrow rate stands at 9%, while the corporate tax rate is 30%.

Draft a business letter in reply and make sure you reference any relevant sources relating to your advice.

Reference no: EM133705105

Questions Cloud

What is the strategy used to achieve the purpose : What is the strategy used to achieve the purpose? What is organizational structure used to achieve purpose? How does the leader influence organizational design?

Discuss how these social media analytics will help : Justify why you feel the main recommendation you are making to the organisation will be the most useful in helping the organisation start addressing

Regarding adherence to treatment for patients : The nurse include in a psychoeducation session for patients, families, and significant others regarding adherence to treatment for patients with depression?

Why are lgbtq+ people encouraged to come out : Who were Sylvia Rivera and Marsha P. Johnson, why are they important? Why are LGBTQ+ people encouraged to "come out?"

Draft a business letter in reply for case ferengi ears ltd : Ferengi Ears Ltd's incremental borrow rate stands while the corporate tax rate is 30%. Draft a business letter in reply and make sure you reference

What is a pride march : What conditions led to Black Organizations' response to the emergence of HIV AIDS? What is a Pride March? Why does the LGBTQ+ Community engage in them?

Describe the four financial statement created by accountants : Describe the four financial statements created by accountants. Explain how each of the statements assist owners and management in running a profitable business.

Discussing the origins of the lgbtq+ coalition movement : Considering the readings discussing the origins of the LGBTQ+ Coalition Movement and subsequent readings discussing the role of class, race.

Patient was admitted to the floor last night : Wight Goodman, Patient was admitted to the floor last night from the ER for an orbital fracture.

User Account

All Pages