Travis McAllister operates a surveying company. For the first few months of the company's life (through April), the accounting records were maintained by an outside bookkeeping service. According to those records, McAllister's equity balance was $75,000 as of April 30. To save on expenses, McAllister decided to keep the records himself. He managed to record May's transactions properly, but was a bit rusty when the time came to prepare the financial statements. His first versions of the balance sheet and income statement follow. McAllister is bothered that the company apparently operated at a loss during the month, even though he was very busy. Revenue: Investments by owner Unearned surveying fees Profit (loss) Operating expenses: Rent expense Telephone expense Surveying equipment Advertising expense Utilities expense Insurance expense Withdrawals by owner Cash Accounts receivable Prepaid insurance Prepaid rent Office supplies Buildings Land Salaries expense Total assets Total revenues Total operating expenses Assets McAllister Surveying Income Statement For Month Ended May 31, 2023 $ 3,900 2,700 1,800 4,200 300 81,000 36,000 3,000 $132,900 McAllister Surveying Balance Sheet May 31, 2023 Accounts payable Surveying fees earned Short-term notes payable Total liabilities Travis McAllister, capital Total liabilities and equity $3,100 600 5,400 3,200 300 900 6,000 Liabilities Equity $3,000 6,000 $ 9,000 19,500 $(10.500) $ 2,400 18,000 48.000 $ 68,400 64.500 $132,900

Please analyze, assess, and synthesize the Annual Report or Form 10-K or Form 20 - F (whatever they call it in that jurisdiction) of the company you choose. You can usually find it on the Company's website in Investor R. Introduction 2. Industry situation and company plans A. Management Letter B. B. Review Company's Products and Services 3. Financial Statements A. Income Statement B. Cash Flow Statement C. Balance Sheet D. Accounting Policies 4. Financial Analysis & Ratio A. Financial Analysis B. Ratio C. Market Indicator Financial Ratios 5. References 6. Complete Calcuation of Part 4 in excelLimi

For the purpose of process analysis, which of the following measures would be considered an appropriate flow unit for analyzing the main operation of a local accountingfirm? Instructions: You may select more than one answer.a. Number of accountants working each weekb. Number of tax returns completed each weekc. Number of customers with past-due invoicesd. Number of reams of paper received from suppliers

Evaluate the company’s latest annual financial statements (balance sheet, income statement, and cash flow statement) and comment on the company's financial performance and position. In your response, use the requirements of IAS 1 as a guide.b) Identify and discuss key accounting principles and standards applied in the company’s financial reporting process indicating their reasons for choosing these and how they were applied. Comment briefly on the appropriateness of the choices made given the company’s industry, location and type (e.g. MNC, regional conglomerate, etc.)c) Critically analyze any significant accounting policies and estimates disclosed in the notes to the financial statements. In your answer, indicate whether the company complied with the accounting standards and conventions.

QUESTION 2 Study the following transactions that occurred during August 2022 for Renwick & Co. Aug 2 - Renwick & Co. sold 40 office desks costing $2,000 each, at a unit price of $4,500 to Shams Ltd. Terms: 2/10, n/30. Aug 7- Shams Ltd. Returned for full credit 6 of the desks acquired on August 2 because they were of the incorrect size and style. Aug 8 - Renwick & Co. returned the office desks to its inventory. Aug 9 - Renwick & Co. received payment by cheque from Shams Ltd. for 30 office desks. Aug 27 - Renwick & Co. received payment in cash from Shams Ltd. in full settlement for the remaining office desks acquired on August 2. Renwick & Co. uses the net method to record sales and cash discounts and the perpetual inventory system. You may copy and paste from this list: Accounts receivable Discount Interest income Bad debt expense Bank Cash Cost of Goods Sold COGS REQUIRED: Interest receivable Inventory Notes receivable Par Premium Sales discounts Sales discounts forfeited Sales returns…

Which of the following does not accurately describe a requirement that a company must fulfill when adopting IFRS for the first time? 14 Multiple Choice