Study the case and from the image above and help on the above given details.

\fEstablish the landscape of the case. Who are the main users of the case? Consider any key internal and external users of the nancial information. What are the user objectives? What do the users really care about? For example a bank is a typical user and they care most about receiving the Scheduled interest payments. What is your role in the case? 111is should be reasonably clear in the case but may be overlooked it not. What (3MP is appropriate in the case? Determine Whetth ASFE or IFRS is used or perhaps both need to be applied to the case. Is there a Big Picture item in the case? For example there may be a debt covenant imposed by the bank for nancing. This covenant will likely be based on maintaining a certain nancial ratio, such as current ratio or debttoequity ratio. As you identity issues in the case and recommend adjustments, this ratio will also require adjustment that could either better or worsen the ratio. Other common big picture items could be fraud, business acouisitionjvaluation, bonus payments, etc. Analysis of Accounting Issues Identityr EACH accounting issue in the case using the following format: IlglE #1 ..... State the accounting issue and hovv it is currently being accounted for. Identify any possible alternative ways to account for the issue such as to capital or expense. Discuss the appropriate (3MP criteria that should be applied such as the definition of a capital asset. Try to provide a balanced analysis it alternatives do exist. For example. do not only provide facts to support capitalizations try to also discuss points that support the expe nsing option. Apply case facts to the noted EMF criteria. This will support the criteria and ultimately provide the support needed for a recornme ndation. Recommend hovlr the issue should be accounted for. IIluantily the nancial statement impact of each adjustment to currect elr account for the issue. If numbers are not provided simply discuss the general nancial statement impact