Resolve the following issues. Take Necessary and logical assumptions as per the most common accounting principles.

A. The Government of one country named Tzrance, had a government-to-government (G2G) contract with another country named Deszarel, for the supply of certain classified aviation components, for the latters defense air-fleet. The Tzrance government agreed to supply the required configurations of aviation components to Deszarel. The ruling party of Deszarel had allocated the delivery logistics and distribution of these classified to be imported aviation components from Tzrance, to a Deszarels country-based private sector company viz. Fillong Ltd. Some opposition parties of Deszarel questioned the decision of ruling government, for allocating the said aviation components, to a private sector Fillong Ltd. And the opposition parties asked through media for unearthing the truth, that there was no collusion, between the ruling party and Fillong Ltd. Besides, an international bank is financing the whole transaction for 4,00,00,00,000 along with a simple interest rate @ 12% pa. covering a time frame of 10 years, However, the effective interest rate on current market situation is @ 14.77% pa. There is also a disagreement between the accountants of International Bank and the country Deszarel, which follows the same accounting standard as India.

The Supreme Court of Deszarel setup and Independent Auditors committee for finding the truth. You are one of the valuable members of the audit committee, you need to provide your professional inputs for the case. Also find out about the revenue recognition issues of this transaction.

B. Howzthat Ltd. imported five second hand machineries from Italy, each costing 20,00,000. Once the machines were delivered in India, the Howzthat Ltd. had to again go through an outright overhauling maintenance of all the machines @ 3,00,000 per machine and an additional installation charges of 50,000 per machine. The two managers of accounts department were having arguments deciding over the capital, revenue and deferred revenue issues of this transaction. You need to provide your expert opinion as well as the reasons for resolving this issue, while also explaining about the relevance of accounting errors, these managers of accounts may be committing, if they did not resolve this issue timely.

C. A Chartered Accountant, a Cost Accountant and a Chartered Management Accountants were having a friendly argument over the priorities and importance of Financial Accounting, Cost Accounting and Financial Management Accounting. Each of them tried to outweigh his profession and branch better than the other. You were having dinner at another table near theirs. You enjoy a reputation of being an expert in Law as well as in finance. You are invited by three of them to resolve their issues on the basis of merit of each branch of accounting. Give proper reasons of distinctions among all the branches in reference to its priorities and implications among other things.