IV . Adjusting Entries : For this part of the assessment , you will continue your financial analysis paper .
A . Explain the type of depreciation method your company uses and why it uses this method .
B . Identify an example of an adjusting entry ( other than depreciation ) such as prepaid expenses , supplies , or unearned revenue and whether or not your company has this account listed on the balance sheet . You could consider why this might not be listed
V . Financial Analysis : For this part of the assessment , you will prepare spreadsheets and analysis to be included in your financial analysis paper .
A . Prepare an Excel spreadsheet to compare financial ratios for your company to the industry averages .
B . Compose a summation as to how your company is performing in relation to its competitors . Be sure to base your answer on the spreadsheet you previously prepared .
VI . Communication : For this part of the assessment , you will prepare memorandums to upper management addressing certain scenarios or situations .
A . As the controller of your chosen company , compose a memo to the CEO addressing the advantages and disadvantages of transitioning from GAAP to IFRS .
B . As the controller of your chosen company , compose a memo to the CEO addressing the following scenario : Your largest customer has just gone bankrupt , and you must inform the CEO how this will affect your accounts receivable . Assume that the accounts receivable balance is at least $ 100,000 .
VII . Financial Report : For this part of the assessment , you will prepare a financial report in response to a hypothetical scenario : A major global disaster ( in this case an oil spill ) has caused environmental damage and has affected global transportation as well . As the