Case 12 - Richibucto Rattlesnakes and Sports Complex

Case 12: Richibucto Rattlesnakes And Sports Complex, Ltd. By: Dency Pararajasingam (100343335) & Vidya Kumarendram (100341130) Due Date: November 18, 2010 To Mr. ooze Lee We consultants wealthy person been hired by Mr. Max Lee because he has some concerns regarding Richibucto Rattlesnakes and Sports Complex, Ltds. He wants our advice about the previous owners ways of showing calculations and numbers because he is new to the communication channel industry and need our advice on what he should take into consideration. He would like a report evaluating how these items should be accounted for in the closing income statements for the purpose of determining his buying price, helping him decide on what he should pay to purchase Richibucto Rattlesnakes and Sports Complex, Ltds. He wants some insights of what the monetary statements do and do not tell. He would also like advice on what additional accountancy and financial information he should request from Jane Bowen, before paying for the team and its facility. The main design is to prepare a report that highlights reasonable measures for the accounting problems/concerns that have been brought to our attention.

Our focus is to address these concerns and come up with a sage and if necessary an alternative measure that can be interpreted into consideration. It is essential to handle these issues in an optimistic manner that would adept to Mr. Lee. GAAP-PE leave behind be the main measure and tool that we will consider when coming up with measurements in regards to the given issues. When analyzing Rattlesnakes we observed that it is a small private company therefore it has no constraints, and consequently does not have to follow any accounting principles. It also states that Rattlesnakes have adopted to the use of Generally accepted Accounting Principles for Private Entities, this would be the best way to test the company because it would match expense with revenue which what we want to trounce the best results in the selling price.... If you want to get a full essay, order it on our website: Ordercustompaper.com

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