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Assess the financial reporting landscape considering user needs, constraints, and business environment. Identify the issues. Analyze the issues ( qualitatively and quantitatively ) . Provide

Assess the financial reporting landscape considering user needs, constraints, and business environment.
Identify the issues.
Analyze the issues (qualitatively and quantitatively).
Provide a recommendation and conclusion.
Instructions
Review the case "Better World Storage" (Financial Accounting Cases textbook, pages 118-120). Note that students will be required to bring this textbook to the exam room, if applicable.
Develop a formal response to the problem(s) posed in the case. Note that a complete analysis will reveal five issues to address.
There is no set length to the report but clear, succinct, and concise language and organization will be considered favorably in the grade.
Please submit the final report as a Word document.
Evaluation
Final Exam will be marked in its entirety out of 100. The following rubric indicates the criteria students are to adhere to, and their relative weights to the assignment overall.
Activity/Competencies Demonstrated % of Final Grade
Identification and Analysis of Issues /80
Issue 1: Classification of Preferred Shares /15
Issue 2: Accounting for the Lease /20
Issue 3: Long Term Receivable /15
Issue 4: Post Retirement Benefits /15
Issue 5: Future Tax Asset/Liability

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