I’m working on a accounting writing question and need an explanation to help me

I’m working on a accounting writing question and need an explanation to help me learn.QUESTION 1The auditors are finalizing the audit of a company. The audit highlights a memorandum that indicates that the company has failed to maintain proper books and records. This is because there is no non-current asset register and it was not possible to draw up a register, as some of the invoices were missing. The director is furious that the audit firm says this makes it impossible to give an unqualified audit opinion. He says that the audit firm prepared the accounts and therefore it is simply a matter of the auditors’ incompetence.Required:a. Explain the directors’ responsibilities in relation to the books and records of the company.(9 marks)b. Discuss whether the director is correct that it is a matter of the auditor’s incompetence.(4 marks)c. Discuss what the auditors need in order to arrive at an opinion.QUESTION 2(12 marks) (TOTAL: 25 MARKS)Tawau Resort Sdn Bhd runs a riverside resort. They are currently preparing their annual financial statements for the year ended 31 Dec 2020 and have to make several financial accounting and reporting decisions for the following issuesa. On 1 January 2015, an asset has a carrying amount of RM100,000 and a remaining useful life of 10 years, with a nil residual value. The asset is revalued on that date to RM50,000 and the loss is recognised in profit or loss. The asset is depreciated straight-line over the next five years, giving a carrying amount of RM25,000 at 31 December 2019. Then, on 1 January 2020 when the remaining useful life is the unexpired five years, the asset is revalued to RM60,000. They wonder whether they can revalue upwards the asset value and how much they should recognize for the depreciation.b. Tawau Resort decided to start a ten year VIP membership which they are selling for RM20,000. This membership entitles the VIP for 5 nights complimentary stay at the VIP suite which includes daily breakfasts, one Barbeque and two spa packages. The current value of this packages are RM3000. Beyond that, they will get 50% discounts on all additional products and services. They have sold 20 VIP memberships in 2020 and the directors wonder how they should recognize the revenue.c. An advertising campaign has just been completed at a cost of RM1.5 million. The directors authorised this campaign on the basis of the evidence from the advertising agency that it would create RM4 million of additional profits over the next two years. The directors wonder if they can capitalize the cost of the advertising campaign and amortize it over two years.
Requirements: Explanation a bit details. The due date before 5pm 22 Aug 2021.

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