Sweet Cheeks Limited

To: Ana, owner of Sweet Cheeks Limited (SCL) From: score advisor, from CWP Re: be issues and impact to drug users This report will outline alternatives and recomm demolitionations for the account issues presented to us. Your briny objective first appears to be income minimisation for revenue enhancement minimization purposes. The managers goals will align with this as they get a reward of 30% of their salary based on minimizing taxes. However, SCL too requires a $75M loan to start operations which makes the bank an in-chief(postnominal) user and income maximization a key objective. This conflicts with yours and managements objectives. But, as it is required for the start of the business, the bank will be the more or less important user and indeed income maximization the primary objective. As this is a private company, in that respect is a choice surrounded by ASPE or IFRS. However, as the company is small and you are the doctor owner, there is no need for th e complications of IFRS and I recommend that ASPE be followed. Issues #1: When to pull in taxation on sale of spend packages.

ASPE: To recognize revenue, 5 criteria must be met: a)Signifi buttt risks and rewards of willpower must be transferred b)Seller has no involvement or control of goods sold c)Collection of payment is fairly assured d)Revenue weed be reasonably measured e)Cost of earning revenue can be reasonably measured Because of requirements (a) and (b), the earliest quantify at which revenue can be save is on completion of the trip. This is because until the trip is complete, SCL (t he seller) distillery has involvement of th! e service sold. In addition, this will determine the totality of revenue that should be recorded as it will be fully paid at the end of the trip. Recommendation: bed revenue at the end of each trip. This does not accumulate income maximization objective as it defers recognition until the last viable point, but this is the only legal alternative. This will amount to revenue of approximately...If you want to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay