You are a forensic accountant working for KordaMentha. You have been asked toresearchthe investment in Atira Student Living by Blue Sky Alternative Investments Limited (BLA) and topresentyour findings to the partners of KordaMentha.

Task:

Use the following three documents as your source material

Extract from article from the Australian Financial Review of 16 April 2018"Blue Sky cuts profit guidance, promises greater transparency".

Blue Sky calls in receivers, Business News Australia 20 May 2019,Written by Matt Ogg

Download:BLA-Annual-Report-2017.pdfBLA-Annual-Report-2017.pdf - Alternative Formats

oRead Note 23. Investments in associates and joint ventures, pages 68 - 70

1.Discuss the Investment in Atira Student Living under the following headings.

oPercentage interest

oInvestments

oNet assets

oGroup profit or loss

oGroup share of profit or loss