Hi I need some help for this 20 mark Question. You are a recent accounting graduate and have been employed by Australian Super as an analyst. They are looking to make investments in the renewables sector and in particular a stake in the Powering Australia Renewables Fund (POWar). This fund recently completed the acquisition of Tilt Renewables Ltd (Tilt). To gain an insight into POWar the Chief Investment Officer has asked you to review the financial report for Tilt, paying particular attention to the property plant and equipment acquired (please ignore the sale of the NZ assets as part of the acquisition process). Your attention has been directed to the financial report for the year ended 31 March 2021. You are required to prepare a report for the Chief Investment Officer discussing The accounting practices applied to property plant and equipment, and in particular The financial report is prepared in accordance with New Zealand accounting standards. Are these consistent with those that would be applied if the financial report was prepared under Australian accounting standards? Why? With reference to the relevant paragraphs in the accounting standards, describe the accounting practices applied to property plant and equipment. What was the impact on the information provided in the financial report? A critical aspect of the application of the revaluation model is determination of fair value. With reference to the relevant paragraphs in the accounting standard how has this been determined? Are there any issues which should receive additional attention in the determination fair value. For example, why did the revenues from the sale of Large Scale Generation Certificates decline? Will this be permanent? There is a considerable empirical literature considering the application of the revaluation model to non current assets. Does this provide insights into The motivations for revaluing assets Whether asset revaluations provide relevant information to financial statement users.