New standard on most businesses will be significant

Assignment Help Operation Management

Reference no: EM132136037

Background

Getswift Ltd (“Getswift”) is a newly listed company involved that provides a software distribution solution. The board has heard that a new revenue standard has been issued and as none of the board has a financial background, they are unsure what it means for them. They have heard though that the impact of the new standard on most businesses will be significant.

As a result, they have engaged your consultancy firm to provide them with a letter of advice to explain the impact that the new standard will have on the income recognition of Getswift.

REQUIRED

You are required to provide a letter of advice to the board of Getswift explaining the requirements of the new revenue standard with a focus on how it will impact their particular revenue recognition.

In addition, you are required to write a short transmittal email enclosing the letter of advice.

Important Additional Information

You are expected to research this company and gain an understanding of what they do so that you understand the nature of their revenue. The 2016/2017 annual report should be used as a starting point but you are expected to go further than this.

This assessment requires much more than copying the requirements from the new standard and those students that just do this will be marked poorly. The majority of the marks will be for the application of the standard to Getswift’s revenue sources. Therefore, you need an understanding of what they do.

The language of your letter of advice should be tailored to the audience and their level of financial literacy.

Required Format and additional requirements

You are required to produce:

1. A transmittal email to the Board

2. A Letter of Advice, addressed to the Board, which includes references

Reference no: EM132136037

Questions Cloud

Describe the payment card institute data security standards : Describe the Payment Card Institute Data Security Standards. How are these standards applied to hospitality businesses that use Point-of-Sale Technology?

Business opportunities differ on the mainland versus island : Investigate and describe that difference. How do business opportunities differ on the mainland versus the island?

Some disadvantages with this sales technique : What do you think are some disadvantages with this sales technique? Give an example

Formulate problem of determining hiring and firing strategy : Formulate the problem of determining a hiring and firing strategy that minimizes the total cost incurred during the next three months as a MCNF problem.

New standard on most businesses will be significant : They have heard though that the impact of the new standard on most businesses will be significant.

Design plays in the creation of motivation theories : Analyze the role that culture as a component of compensation design plays in the creation of motivation theories.

Compare negative and positive aspects of persuasion : When you think about persuasion, does the term suggest deception or dishonesty? compare negative and positive aspects of persuasion.

Firm designs-manufactures and markets children toys for sale : Your firm designs, manufactures, and markets children’s toys for sale in the U.S. Almost 90% of your production is done in China.

What are some of darker sides of globalization : What are some of darker sides of globalization? how can business leader make sure that the benefit of their various actions outweigh their drawbacks?

User Account

All Pages