Provision of advice on accounting issues

Assignment Help Financial Accounting
Reference no: EM133633765 , Length: word count:1500

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.

Attachment:- Financial Reporting.rar

Reference no: EM133633765

Questions Cloud

Analyze competitiveness within the industry : Analyze the current industry, market, and/or market segment(s). Analyze competitiveness within the industry. Examine market potential and trends.
Identify distinct audience segments for the movie and tailor : Audience Segmentation: Identify distinct audience segments for the movie and tailor media mix strategies to appeal to each group's preferences and behaviors.
How important are structure and culture compared : How important are structure and culture compared to the other primary internal considerations for a strategic plan?
Describe real-world example of organization that would place : Describe a real-world example of an organization that would place more importance on one area of the SWOT analysis compared to another area.
Provision of advice on accounting issues : Identify the facts and accounting topic Apply the relevant legislation, accounting standard and/or process - Provision of advice on accounting issues
What are yangs responsibilities as a management accountant : What are the ethical issue(s) in this situation? What are Yang's responsibilities as a management accountant?
What is net working capital : What is Net Working Capital? How does it differ from Net Operating Working Capital? Explain differences between preferred stock, common stock and treasury stock
How you will keep the data safe from the type of attack : Why you want the data and the resulting benefits to your customer base; How the data can be sourced ethically and securely;
Formulate an overview of other ethical issues of gathering : Formulate an overview of other ethical issues of gathering, maintaining and using the data in the way proposed in the brief above

Reviews

Write a Review

Financial Accounting Questions & Answers

  What are james and pete realized gains on this exchange

Each party assumed the mortgage on the building received. What are James’s and Pete’s realized gains on this exchange, respectively?

  What the typical present worth would

In figuring present worth in a condition with an extent of potential outcomes all restricted using a comparable financing cost, the typical present worth would

  Find the acid-test quick ratio

Cash is $475,000, Accounts Payable is $200,000, Accounts Receivable is $150,000, Wages Payable is $225,000, Bonds Payable is $700,000, Inventory is $750,000.

  What is the journal entry to record the purchase

During the prior fiscal year, a company signed a long-term noncancellable purchase commitment with its primary supplier to purchase $2.3 million of raw materials. He paid the $2.3 million to acquire the raw materials when the raw materials were only ..

  Prepare the stockholders equity section at december

Prepare the stockholders' equity section at December 31, 2020. Martinez Corporation has been authorized to issue 20,500 shares of $100 par value, 10%, preferred

  What was the salary expense for 2020

The Salaries Payable account of James Bay Company Limited appears below:

  What is Avicorp pre-tax cost of debt

The debt has semi-annual coupons, the next coupon is due in six months, and the debt matures in five years. What is Avicorp pre-tax cost of debt

  How much should be debited to land account

Branded Corporation exchanged 20,000 shares of its P 200 par value of Ordinary Shares for land. How much should be debited to land account

  How many dollars of marketable securities

How much cash did the company use to purchase marketable securities during the year ended in 2011, if any? Where did you look to find this information?

  Using the general ledger accounts and balances

Using the general ledger accounts and balances below please prepare a Stockholder Equity section of the balance sheet. Include all details such as number of shares authorized, issued and outstanding as well as par values.

  What would be the value of the zero-coupon rate bond

What would be the value of the zero-coupon rate bond? (Assume annual compounding. Do not round intermediate calculations and round your answer)

  Question win co produces a single product its standard

question win co. produces a single product. its standard selling price is 30.00 per unit. the variable costs are 16.00

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd