Accounting And Society Assignment | Homework For You
October 29th, 2019
Required:
- a) Provide your opinion as to whether Treloar was a reporting entity for the year ended 30 June 2018. Support your response from SAC1 and other sources; [250 words]
- b) Once Treloar becomes a public company, from 1 July 2019, explain the type of financial statements they will have to prepare for the year ended 30 June 2019. Your response should refer to AASB 1053 and not SAC1; [250 words]
- c) Applying stakeholder theory:
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(i) Define the theory;
(ii) Identify the key stakeholders (at least 3) of Treloar;
(iii) Evaluate how the decision to change its business model will affect each of the key stakeholders identified in (ii) above; [1,000 words]
- d) FGF is registered with the Australian Charities and Not-for-Profits Commission (ACNC). The financial controller, Peter Rissotto is notified, by email on 31 May 2019, of the termination of the profit contributions from Treloar to FGF. Comment on whether FGF’s accounts can be prepared by management on a going concern basis and any likely consequences for FGF’s registration as a charity. [500 words] Get Finance homework help today
