Question 3b
Marking Guide
up to 1 mark per well explained risk and up to 1 mark for each well explained response. overall max
of 5 for risks and 5 for responses.
development expenditure treatment
standard costing for valuation of inventory
expert possibly required in verifying work in progress
third party inventory locations
new accounting system introduced in the year
lack of support by it staff on new system may result in errors in accounting system
new finance obtained; loans and equity finance treatment
new finance obtained; loans and equity finance treatment
loan covenants and risk of going concern problems
revaluation of land and buildings
reduced reporting timetable
max marks10

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