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Present your answer in the following three sections. Overview Highlight all the issues, including but not limited to the followings: Choices of accounting rules, i.e.
Present your answer in the following three sections. | |||||
Overview | |||||
Highlight all the issues, including but not limited to the followings: | |||||
Choices of accounting rules, i.e. IFRS and ASPE | |||||
Any issues in financing reporting. Issues of GAAP and non-GAAP measurement | |||||
Restraints, hurdles, predicaments and risks in the continuing operations | |||||
Ability to achieve the objectives, aspirations and future expansions of the entity | |||||
Ability and potential deficiency, if any, in dealing with competition and changes in | |||||
the business environment and technology | |||||
Status on revenue generating, collections, cash flows, AR, bad debts. | |||||
Issue, if any, in maintaining and improving gross margin | |||||
Issue, if any, to streamline operating expenses | |||||
Any issues in recording and valuation of inventory, investment and other non-current assets | |||||
Ability to obtain debt financing and/or equity financing | |||||
Ability and potential deficiency, if any, in discharging current and non-current obligations | |||||
Analysis: | |||||
Analyze the issues you have raised in the Overview section. This is to analyze and assess | |||||
the above issues in order to achieve or prioritize the entity's objectives and to resolve the | |||||
entity's predicaments. | |||||
Conclusion and recommendation | |||||
Based on the above analysis you have performed in the Analysis section, which option or | |||||
options would you recommend to the entity and provide your reasoning. If applicable, | |||||
provide an action plan in the timeline of immediate, near term and long term. |
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