Assume that you are a manager in a consulting and accounting firm, Key Business Services (KBS), located at 1 Main Street, Business District, 1000, Melbourne. Among other things, your firm provides its clients with advice regarding accounting issues, including the application of the Australian Accounting Standardsin the preparation of Financial Reports. Flummoxed Limited to address several accounting issues raised by Ms. Purp Lex, on behalf of the directors of the company. Ms. Lex has raised these issues in a letter.

 

The maximum length for the SoA . You should address all the technical issues in your advice, followed by a Reference List. Marks will be awarded based on 2 components

 Technical component 30% - This mark covers the technical content of your advice and the explanation of each of the issues and the sources used. You will be required to analyse information provided and recommend the correct accounting treatment. Your recommendations must be justified by reference to specific paragraphs of relevant accounting standards. Where necessary you will need to explain the rationale behind certain accounting standard requirements.

 

 Communication Skills (Writing Skills) component 10% - marks will be awarded based on your ability to gather information and effectively communicate strategies to the client as part of the SoA. It will also cover the generic skill of writing, clear meaning, structure and organisation, appropriate tone and grammar, spelling, and punctuation, etc., throughout the whole assignment.

 

Additional Requirements 

1) You must include the following in your Statement of Advice (SoA): 

a) Cover Page which should include: 

i) name/logo of your accounting and consulting firm 

ii) The words "Statement of Advice"

 iii) Who the document is prepared by

 iv) Who the document is prepared for 

v) Date

 vi) Brief information on what the document is about 

b) Table of Contents 

c) Recommendations and explanations - include in-text referencing 

d) Conclusion 

e) Reference list