Answer only Part 3

YOU ARE A QUALIFIED ACCOUNTANT THAT HAS BEEN APPOINTED AS CHIEF FINANCIAL OFFICER OF GREEN CO LTD. THE COMPANY HAS BEEN ESTABLISHED 2 YEARS BACK AND HAS BEEN INVESTING HEAVILY IN RESEARCH FOR GREEN TECHNOLOGY AND SOME OF ITS PRODUCTS HAVE BEEN RELEASED ON THE MARKET WHILE OTHERS ARE STILL BEING RESEARCHED AND DEVELOPED. THE COMPANY WAS PREPARING FINANCIAL SUMMARIES PREVIOUSLY AS THERE WAS NO REQUIREMENT TO PREPARE IFRS COMPLIANT FINANCIAL STATEMENTS. THE GOVERNMENT HAS JUST PASSED A LEGISLATION REQUIRING ALL COMPANIES TO PRODUCE IFRS COMPLIANT FINANCIAL STATEMENTS AS FROM THIS YEAR. BASED ON THIS NEW LEGAL REQUIREMENT, THE BOARD OF DIRECTORS HAVE APPOINTED YOU TO GUIDE THEM ON THIS MATTER AND ENSURE COMPLIANCE WITH THIS NEW REGULATION. THE STAKEHOLDERS IN THE COMPANY DO NOT HAVE ANY IFRS KNOWLEDGE. THE DIRECTORS ARE ALSO CONSIDERING COST CUTTING STRATEGIES IN TERMS OF TAKING OVER OTHER COMPANIES. REQUIREMENT: 1. WRITE A REPORT TO THE DIRECTORS EXPLAINING TO THEM THE TRANSITION FROM PREPARING FINANCIAL SUMMARIES TO IFRS COMPLIANT FINANCIAL STATEMENTS, BEARING IN MIND THAT THE DIRECTORS WILL HAVE TO PRESENT SAME TO OTHER STAKEHOLDERS IN THE COMPANY. (20 MARKS). 2. THE DIRECTORS WOULD ALSO LIKE TO KNOW FROM YOU THE IFRS REPORTING IMPLICATIONS OF THEIR COST CUTTING STRATEGIES. (10 MARKS). 3. A BRIEF PRESENTATION TO THE BOARD OF DIRECTORS OF YOUR REPORT. (10 MARKS) YOU ARE A QUALIFIED ACCOUNTANT THAT HAS BEEN APPOINTED AS CHIEF FINANCIAL OFFICER OF GREEN CO LTD. THE COMPANY HAS BEEN ESTABLISHED 2 YEARS BACK AND HAS BEEN INVESTING HEAVILY IN RESEARCH FOR GREEN TECHNOLOGY AND SOME OF ITS PRODUCTS HAVE BEEN RELEASED ON THE MARKET WHILE OTHERS ARE STILL BEING RESEARCHED AND DEVELOPED. THE COMPANY WAS PREPARING FINANCIAL SUMMARIES PREVIOUSLY AS THERE WAS NO REQUIREMENT TO PREPARE IFRS COMPLIANT FINANCIAL STATEMENTS. THE GOVERNMENT HAS JUST PASSED A LEGISLATION REQUIRING ALL COMPANIES TO PRODUCE IFRS COMPLIANT FINANCIAL STATEMENTS AS FROM THIS YEAR. BASED ON THIS NEW LEGAL REQUIREMENT, THE BOARD OF DIRECTORS HAVE APPOINTED YOU TO GUIDE THEM ON THIS MATTER AND ENSURE COMPLIANCE WITH THIS NEW REGULATION. THE STAKEHOLDERS IN THE COMPANY DO NOT HAVE ANY IFRS KNOWLEDGE. THE DIRECTORS ARE ALSO CONSIDERING COST CUTTING STRATEGIES IN TERMS OF TAKING OVER OTHER COMPANIES. REQUIREMENT: 1. WRITE A REPORT TO THE DIRECTORS EXPLAINING TO THEM THE TRANSITION FROM PREPARING FINANCIAL SUMMARIES TO IFRS COMPLIANT FINANCIAL STATEMENTS, BEARING IN MIND THAT THE DIRECTORS WILL HAVE TO PRESENT SAME TO OTHER STAKEHOLDERS IN THE COMPANY. (20 MARKS). 2. THE DIRECTORS WOULD ALSO LIKE TO KNOW FROM YOU THE IFRS REPORTING IMPLICATIONS OF THEIR COST CUTTING STRATEGIES. (10 MARKS). 3. A BRIEF PRESENTATION TO THE BOARD OF DIRECTORS OF YOUR REPORT. (10 MARKS)