Question 4 The financial controller of Octwon Limited, (a technology company) has asked you, a trainee financial accountant within the company, for advice on how to account for various transactions that occurred after the financial year end date of 31 December 2016, Required: Octwon Limited has asked you to prepare a report which addresses the following: Part A: (a) Outline the possible reasons why a company would not prepare its financial statements on a going concern basis. (3 marks) (b) In accordance with MFRS110 Events after the Reporting Period, describe what is meant by event after the reporting period