country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
Add File

Error goes here

ACCM4200 Financial Accounting And Reporting 1

tag 0 Download7 Pages / 1,634 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Assessment Description

Develop information gathering (research) and communication strategies to enable the provision of professional advice to a client.

Objective: The objective of this assignment is to learn to effectively research a technical aspect of accounting and communicate professional advice to a client, via a business letter.

Background to the case study:

Assume that you are a graduate accountant working for Montana and Associates a public accounting firm situated at 696 George Street, Brisbane, QLD 4000. The manager of your firm, Ms Margaret Montana has asked you to draft a letter in response to an email received from a client – Mr Peter Pepper, the Managing Director of Pepper Limited, raising a key accounting issue regarding his company.

The assignment is designed to test the following skills:

  1. Your knowledge and your ability to research the issues and then apply the information appropriately using judgement to correctly identify the relevant standards and legislation that relate to the issues raised by the client.
  1. Your written communication skills – business letter writing.

Email

Re: Accounting Issues: Year Ending 30 June 2018

From: Peter Pepper ([email protected])

Sent: 5 July 2018

To: Margaret Montana ([email protected])

Dear Margaret

Thank you for your phone call this morning, as agreed I am emailing you regarding the accounting issues we briefly discussed. By the way to assist the accounting team in our decision-making process could you please make sure you reference any relevant sources relating to your advice, for example, AASBs, Corporations Act, and other relevant articles or websites.

As you know, a new management accountant has been appointed to Pepper Ltd and he has implemented major changes in the calculation of depreciation. As a result, some parts of the factory have much larger depreciation charges. The change in reporting has angered some operations managers who believe that, as they take particular care with the maintenance of their machines, their machines should not attract large depreciation charges that reduce the profitability of their operations and reflect badly on their management skills.

He has also indicated that more of our assets should be tested for impairment. The operations managers are also concerned about the impact of more charges against their divisions’ assets. Previously, impairment has only been carried out against assets carried under the cost model. For assets carried under the revaluation model, adjustments have been made using changes in fair value, resulting in revaluation gains or losses.

The operations managers plan to meet with myself and the accountant and ask for change.

Can you please explain the following before I meet with the operations managers:

  • The difference between depreciation, impairment and revaluation losses?
  • What impact these charges will have on profitability?
  • Why the changes are required for depreciation, impairment and revaluation?
  • What disclosures are necessary for these changes?
  • How we could otherwise report on performance without upsetting the managers?

Please respond by letter (not email) as I would like to present this to the Board. I look forward to hearing from you shortly.

Regards

Peter Pepper

Managing Director, Pepper Limited

Level 5, 49 William Street,

Brisbane QLD 4000

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Upload
Unique Document

Document
Under Evaluation

Get Money
into Your Wallet

Total 7 pages, 1 USD Per Page

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help (2020) Financial Accounting And Reporting 1 [Online]. Available from: https://myassignmenthelp.com/free-samples/accm4200-financial-accounting-and-reporting/depreciation-impairment-and-revaluation-losses.html
[Accessed 27 January 2021].

My Assignment Help. 'Financial Accounting And Reporting 1' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/accm4200-financial-accounting-and-reporting/depreciation-impairment-and-revaluation-losses.html> accessed 27 January 2021.

My Assignment Help. Financial Accounting And Reporting 1 [Internet]. My Assignment Help. 2020 [cited 27 January 2021]. Available from: https://myassignmenthelp.com/free-samples/accm4200-financial-accounting-and-reporting/depreciation-impairment-and-revaluation-losses.html.


If you are having trouble on how to write an annotated bibliography, you are better off at the hands of qualified experts. At MyAssignmenthelp.com, we have over 5000 experts at your service to deliver dynamic content. Incorrect citations and validations reduce the authenticity of the material. Thus, the bibliography needs to be 100% accurate. Our experts are proficient in their services and are aware of the annotated bibliography format. This helps in raising the prospect of you garnering more marks. Authentic Annotated bibliography can also be achieved through our online reference generator like the Harvard bibliography generator.

Latest Accounting Samples

ACCT20075 Auditing And Ethic

Download : 0 | Pages : 10

Answer: The company Magellan is engaged in the business of global investment. It invests the client’s capital in the global market and generates the higher returns to its clients as compared to its competitors. It has a team of professionals which analyze the best possible companies for the purpose of investment and provide the better return to its clients for their invested capital in the company. The responsibility of an auditor in th...

Read More arrow

ACCT300 Auditing

Download : 0 | Pages : 13

Answer: Introduction In the modern world, audit processes are very vital on the part of corporates to thrive in such complicated environment. This is because auditing assists in recognizing all material risks that has made the entire business vulnerable in nature. Besides, it also assists in reflecting whether the depicted financial performance of the company is true and fair. This makes it clear that if proper auditing measures are not imple...

Read More arrow

ACCM4100 Management Accounting

Download : 0 | Pages : 4
  • Course Code: ACCM4100
  • University: Kaplan University
  • Country: United States

Answer: In order to achieve high work efficiency, organisations often use employees that are organised into the cross functional groups. While moving from classrooms to the corporate world, we will be asked to work in the collaborative manner with the other members of the teams created to achieve particular organisational goal. Therefore, it is necessary for us to understand the importance of teamwork. Though, in the current times, working in...

Read More arrow

ACC707 Auditing And Assurance Services

Download : 0 | Pages : 10
  • Course Code: ACC707
  • University: King's Own Institute
  • Country: Australia

Answer: 1. Requirement a According to the given information, Peter Sung has been auditing the Musical Company Pty Ltd. One can observed from the provided information that Dave Thompson who is the CEO of the company says to Peter that he would receive 25% discount on the price of the tickets of the next two concerts in the presence of the longstanding relation between them; and this whole situation can contribute to the threat of audit princip...

Read More arrow

ACC539 Accounting Information System

Download : 0 | Pages : 6
  • Course Code: ACC539
  • University: Charles Shurt University
  • Country: Australia

Answer: Aged Payables Detail   Sugariffic   As at 31 August 2018                       Invoice Date Due Date Invoice Reference Current < 1 Month 1 Month 2 Months 3 Months Older                       Fixxy Drinx   03 Aug 2018 30 Sep 2018   ...

Read More arrow
Next

Save Time & improve Grade

Just share requirement and get customized Solution.

watch
question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

Add File

Error goes here

1,553,547

Orders

4.9/5

Overall Rating

5,110

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat. If you are unable to calculate word count online, ask our customer executives.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

453 Order Completed

98% Response Time

Howard Asuncion

LLM in Criminal Law

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

798 Order Completed

97% Response Time

Benjamin Blakeman

MSc in Medical Technology

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2279 Order Completed

97% Response Time

Zachary Perez

PhD in Computer Science and Information System

Washington, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

529 Order Completed

95% Response Time

Ivan Blank

PhD in Functional Human Biology

Wellington, New Zealand

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

Thanks for doing it on time...great work...fingers crossed for the grades...i hope i get good grades...its a great website to do assignments and all the exams

flag

User Id: 375706 - 27 Jan 2021

Australia

student rating student rating student rating student rating student rating

Satisfied with the writing style. The writer responded immediately for the revisions which were requested.

flag

User Id: 596027 - 27 Jan 2021

Australia

student rating student rating student rating student rating student rating

did not have time to start on my assignment and randomly googled for people to do it for me. To my surprise, i found myassignmenthelp and they did it for me just on time for my submission with even time to spare. My first time, but definitely not my ...

flag

User Id: 594807 - 27 Jan 2021

Australia

student rating student rating student rating student rating student rating

Thank you, thank you, thank you very much. It is one of the most beautiful and highest levels of the solution that I have seen in my life. In all honesty, the expert is very distinguished and he was at the heart of the solution to answer all the poin...

flag

User Id: 98513 - 27 Jan 2021

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?