Question
Could someone please assist with this case: 3. Prepare a memo to Taro discussing the areas where the accounting treatment done improperly according to IFRS
Could someone please assist with this case: 3. Prepare a memo to Taro discussing the areas where the accounting treatment done improperly according to IFRS and what the proper accounting treatment should be. He also wants you to indicate why the treatment is not acceptable and what the general impact was on the financial statements once the corrections and adjustments were made in item 1 above. Your report should be about three double spaced pages, should avoid using accounting jargon such as journal entries, debit, credit, matching principle, revenue recognition principle and so forth as these terms are generally meaningless to a non-accountant. Use Exhibit 3 on pages 21 23 for your memo.
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