ACC 610 Milestone Three Adjusting Entries and Communication SNHU | Page 2

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 .
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 biggest 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 .