Implications of discovering accounting errors in previous year’s financial statements

Implications of discovering accounting errors in previous year’s financial statements
A Presents a thorough understanding of an entity’s accounting errors,the correct accounting treatment and financial reporting implications
of the errors for financial statements users.
B(a) Ability to explain the application of an entity’s accounting policy and its effects
upon related account balances.
B(b) Referring to another part in this group assignment and Australian accounting standards, the response
has dev eloped a coherent and persuasive argument to a statement.
C Referring to other parts in this group assignment and using relevant
facts, capably dev elops a considered and supported opinion for a stated view.
Overall Correctly use and reference information sources,
prepare a Group Assignment that is appropriately structured and the work is professionally presented.