Combo Applications

Combo Applications

You are working for the company Combo Applications, a company specializing in software and hardware solutions for companies. 

You are the Finance Director of the company. The company publishes financial statements at the year end, which is on the 31st December 2017.

The CEO of the company is asking your opinion about the relevant accounting treatment that every transaction should receive. 

Choosing the appropriate accounting treatment should be based on your understanding to the accounting standards under which these business transactions fall. 

The CEO is asking you to present a comprehensive report of the implications of each choice on the Statement of Financial Position and the Income Statement. 

The CEO is asking you to critically comment on the appropriateness of fair value and historical value reporting methods in each of the above mentioned transactions.

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