ACT204 FINANCIAL ACCOUNTING HOMEWORK- Charles Darwin University
Task: Financial reporting implications of Coronavirus COVID-19.
The coronavirus (COVID-19) pandemic has significantly affected businesses around the globe. This include interruption of production, businesses closures, reduced demands, and disruption to supply chains and to financial markets. These effects will have some impacts on financial reporting especially in the application of some IFRS/IAS/AASP standards.
In this homework you are required to answer the following questions:
a) List Eight accounting considerations that are impacted by the Coronavirus 2019 disease.
b) Choose five of the Eight you listed above and provide a brief explanation for each of these Five considerations (One paragraph for each). (Limit those Five to those that are discussed in our unit ACT 204. This means that you are not allowed to discuss those that were not covered in our unit).
c) Choose two of these Five and discuss them in detail as they relate to a public company of your choice. This means, you are to choose a public company and go through its financial report to understand its operations. Then, discuss the coronavirus impact on these two accounting considerations as they apply in the chosen company.
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length