Accounting and Financial Reporting

Running head: ACCOUNTING AND FINANCIAL REPORTING
Accounting and financial reporting
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1ACCOUNTING AND FINANCIAL REPORTING
Executive summary
Aim of the report is recognising the property valuation method applied by SCP. The report will
focus on the identification and explain the management’s flexibility for determining approach
used for valuing the investment property. The report will further explain the impact that may
have on the financial statements of the entity due to changed in retail industry. Finally, the
economic impact for changes in retail industry will be highlighted in the report.

2ACCOUNTING AND FINANCIAL REPORTING
Table of Contents
Introduction......................................................................................................................................3
Answer (a)........................................................................................................................................3
Answer (b)........................................................................................................................................4
Answer (c)........................................................................................................................................4
Answer (d)........................................................................................................................................5
References........................................................................................................................................7