Prepare a business letter to answer key accounting issues

Assignment Help Financial Accounting

Reference no: EM133707742

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: EM133707742

Questions Cloud

Explore the history of ethnicity in america : As we explore the history of ethnicity in America, we discover the unique dynamics behind colonialism and the ways that its impact shapes culture.

Fasting plasma glucose : A 55-year-old patient had a fasting plasma glucose (FPG) greater than 200 mg/dL on two occasions.

List a few of the stereotypes or types of stereotypes : List a few of the stereotypes or types of stereotypes. In what ways do they exaggerate the group? What aspects do you believe are true?

Demonstrates the right relationship : The explicit link between technology and nursing that demonstrates the right relationship between technology by making clear

Prepare a business letter to answer key accounting issues : Prepare a business letter to answer key accounting issues in regard to an acquisition analysis of a wholly owned subsidiary and various inter-company

Why should this group be considered a subcultural group : Why should this group be considered a subcultural group? Identify some of the beliefs, norms and values that are associated with this particular cultural group.

How did the military and political goals of the civil war : How did the military and political goals of the Civil War bring significant changes to social, economic and cultural life in the United States?

Traumatic brain injury : Is this true Discussion of the demographic factors that can predispose individuals with Traumatic Brain Injury, or TBI, to housing instability.

Discuss external and internal elements of your culture : Discuss both external and internal elements of your culture(s) or a culture(s) with which you are familiar/comfortable discussing using this model as a guide.

User Account

All Pages