Scenario:
Chester,
Inc. is a large, publicly traded client at S.N.H.U., LLC. Your task is to
develop a comprehensive, professional report for the board of directors. To do
this, you will use Chester, Inc.’s trial balance to compose comparative
financial statements, analyze data, and interpret results. These financial
statements must be in good form in accordance with Generally Accepted
Accounting Principles (GAAP). Next, you will assess the performance of Chester,
Inc. using the financial statements that you created, along with industry
performance data and the financial statements of a competitor. In addition,
Chester, Inc. is considering expanding into the global market. They would like
you to highlight key areas of the financial statements you have prepared and
identify how they would be reported differently if composed under International
Financial Reporting Standards(IFRS)rather than GAAP.
Guidelines for Submission: All financial calculations
should be complete. Your paper must be submitted as a 5-6 page
Microsoft Word document with double spacing, 12-point Times New Roman font,
one-inch margins, and two to three sources
cited in APA format .Round all answers up to the nearest dollar value in any
calculations.
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