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Posted: November 26th, 2020
Statement Of Financial Position Assignment | Homework For You
Need 500 words only do part b) Analyse the potential impact on the statement of financial position and statement of profit or loss and other comprehensive income, changes in any judgments made by the management of your chosen company, in respect of one of the following areas: i.Fair value ii.Impairments iii.Leasing 2), data analysis Queries relating to part (b) This part should address ‘what if the judgments made in relation to your chosen area are incorrect?’.
This means you should consider the estimates or judgments made by managers and assess the potential impact on the company if these changed. An example is the introduction of IFRS 16: how would this impact your company? In this part, We would expect to see figure or tables to illustrate your discussion and calculations. To understand presentation of such, have a look at relevant accounting journals and use their style. Sometimes, you may prefer (but this is not essential as it is dependent on the company and topic you select) to identify industry performance and compare your company to undertake an analysis. Finance homework help
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