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When finalising the financial statements for the year ended 30 June 2014 two significant errors were made and there is debate as to whether we should simply adjust the financial statements in the current year or change last year’s financial statements as well. The IT system of the company was installed 3 years ago at a cost of approximately $3.5 million and was estimated to last 10 years. However the latest technology advancements indicate that this was a very optimistic estimate and that ...

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Tags: Australia Sydney Accounting Accounting ACCM 4200 Financial Accounting & Reporting Kaplan Higher Education ACCM 4200 Financial Accounting & Reporting 

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