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Your assignment Task – 2B continues on from where Task – 2A finished. Assume that you are working in Smart IT. At the end of each month, you are responsible for adjustments, preparation of financial statements, analysis of those statements, and finally reporting to senior management. &nb ...

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Question 1.Ethical issue:John Smith is preparing the income tax return of a client who has earned more income than expected. On 2 July, the client pays for advertising and asks John to backdate the expense to the preceding financial year, which ends on 30 June. Backdating the deduction would lower t ...

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Task: You are required to read the following case study then prepare the report requested.Case Study In 1975, Graham Sun started up in business in the UK selling quality, hand-made wooden garden benches. The products were in great demand and within a year Graham had expanded his product range to i ...

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Disclosing entities are regulated by the Corporations Act (2001), Accounting Standards and ASX requirements. The continuous disclosure requirements in ASX LR 3.1 require timely reporting to the ASX of significant events and financial information that is likely to impact the price of the entity&rsquo ...

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