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Financial Acounting Report - Sunshine limited

   

Added on  2020-05-28

10 Pages2805 Words92 Views
Running head: FINANCIAL ACCOUNTINGFinancial AccountingName of the Student:Name of the University:Author’s Note:Course ID:

1FINANCIAL ACCOUNTINGExecutive Summary:The report prepared demonstrate the scenario of company named Sunshine limited where mangerof company has asked accountant for changing income and profit in order to fulfil investorsneeds. Maria, accountant of Sunshine limited was in predicament concerning this approach ofmanagers toward accountant. Maria mars being an accountant decided to make modification intheir method of depreciation so that profits are uniformed and they look attractive to investors.With the change in depreciation method, profits will remain unchanged over the years.Nevertheless, it was ascertained that investors not being disclosed about change in depreciationmethod was unethical and was in not conformation to accounting standard.

2FINANCIAL ACCOUNTINGTable of Contents1. Introduction:................................................................................................................................32. Ethics and governance:................................................................................................................33. Accountant’s role in changing depreciation methods:.................................................................44. Stakeholders of Sunshine limited:...............................................................................................55. Impact of AASB 116:..................................................................................................................66. Conclusion:..................................................................................................................................8References list:.................................................................................................................................9

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