I have the following work that I need answered in 2 pages and 3 hours
1. Who are the users of the financial information and their primary needs? Who are the preparers and what are their objectives?
2. What authoritative guidance is currently being used? Is it appropriate? What is the appropriate authoritative guidance and why?
3. Describe are the primary issues?
4. Analyze each of the primary issues? Using the IFRS Conceptual Framework as the authoritative guidance.
5. Provide a conclusion, recommendation and adjusting journal entries (ifappropriate)