Question
Power BI question. It is now February 15, 2021. LensCo and SFI are still in the process of integrating their financial reporting systems. While LensCo
Power BI question.
It is now February 15, 2021. LensCo and SFI are still in the process of integrating their financial reporting systems. While LensCo has established financial reporting processes and systems controls in place, Jing is skeptical about the manual processes in place at SFI. Both LensCo and SFI apply accounting standards for private enterprises (ASPE).
At your meeting you are provided with an excerpt from SFIs fixed asset register (the QUESTION2.DATA file). Prior to the LensCo acquiring SFIs shares, SFI had a December 31 year-end.
Required
Assuming the service provider fees should not be capitalized, provide Jing with the required adjusting journal entry, and provide your supporting analysis. Filter the data in a table using Power BI.
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