Accounting and Financial Reporting for Financial - MyAssignmenthelp

The accountants are depicted to be showing the appropriate setting of the important role which is being used for showing the investments within the organization. The formation of the standards is created by the help of the standards that are set by the accountants and also it is depicted to be possible for the company to investment in a proper way. The overall structure of the company is depicted to be consisting of the accounting management which enables the company to strategize the financial plans and also the Acts are included which guides the company in the establishment of the action plan (Dalton, 2013). As per the case study is provided, Pringles Limited is showing a great performance and is also enable of making huge profits as indicated in this case. The construction of the work is being made by showing the illustrations of the work which is showing the deterioration of the performances shortly. As per the case study in being illustrated in this case, the satisfaction of the work is depicted to be showing the changes of the performance which is being carried out for the betterment of the company (Stice and Stice, 2014). Therefore, the predictions are made for showing the enhancement of the work an also the managing director is planning for the betterment of the company with its accountant and also targets to satisfy the shareholders of the company. The stakeholders are the people who are affected directly or indirectly by the business operations of an organization. The internal stakeholders of Pringles limited are employees, managers, and owners. The employees need financial information in order to determine whether the company would be able to provide them job security or not. The owners and managers are interested in maximizing the profit margin of the business organization (Appannaiah, Reddy and Putty, 2010). The external stakeholders of the company are suppliers, government, creditors, customers, shareholders, and community. The suppliers want that the organization should purchase raw materials from them. The government needs financial information in order to determine the amount of tax that should be paid by the business organization. The creditors want that their due amount should be paid in full and on time. The customers expect a high quality of products and services at a low cost (Besley, 2016). The shareholders analyz e the financial report of the company to examine the financial position of the company and expect returns. The community wants that the company should positively contribute to the local population and environment. The accountants and auditors should follow the rules and regulation during the preparation of the financial statements. It is the responsibility of the auditors to present true and fair view of the financial report in front of the stakeholders. The stakeholders should be provided with accurate financial information in the financial statements. The ethical rules and code of conducts should be followed during the preparation and presentation of the financial statements. In the given case study, Pringles limited was following straight line depreciation method to estimate the deprecation value (Britton and Waterston, 2013). The company was generating profit, and it was expected that profit would increase in the next two years. However, the economists predicted economic slowdown and fall in the profits in the year 2018 and 2019. The general manager of the company approached Marion Mason an accountant and asked her to decrease the profit in the next two years and transfer in the year 2018 and 2019 (Wolf, 2010). The main aim of the manager is to show consistent profit over the next few years. The act clearly shows unethical activity decided by the manager and the accountant. Marion Mason did not feel the reason for change is justified and she was very much concerned about her contract with the company. Thus, she decided that the depreciation method should be changed from the straight line method to the sum of years’ digits method (Dewey, 2016). The changes that were decided by Marion Mason was unethical because the method was changed to show low profit of the company. The changes in the method were also not disclosed in the notes to the financial statements which means that the stakeholders were not informed about the changes. Thus, the activity clearly shows an unfair representation of the financial statements. The preparation of such statements is considered as an unethical act which shows ethical issues during the preparation of the financial report.   The stakeholders of the company are misguided and provided with inappropriate information. The accountants are responsible for the fair representation of the financial report and in this case the accountant the presenting unfair financial statement which clearly shows unethical act (Espejo, 2010). The changes in the accounting methods are depicted to be creating a negative impact on the company which can be easily illustrated from the entities that are holding the depreciations with using the devaluation of the results. This simply defines the entities that are facing the effects of the depreciation with the changes in the process of the accounting (Welch, 2014). The conduct is simply illustrated as the effect which is reflecting the asset’s future economic beliefs and also the expectations are depicted to be made when it is being consumed by the entity. Therefore, the changes in the depreciation method are depicted to be reflecting the expenses that are recognized in the case of the Pringles Limited. As per the case study is depicted in this study, it simply illustrates the overall impact which is being illustrated in the form of showing the changes of the depreciation method from the straight line method (Cassedy, 2004). The simple construct is being depicted to be sh owing the enhancement of the study by showing that the Marison does not want to change the structure of the financial statements as it is being illustrated in this case and also the disclosures are depicted to be changing the financial statements as it is being provided by the Peter. Therefore, the issue is depicted to be raised in this case as it is depicted to be not conducting the ethical work as it is provided in the determined effects. The impact is depicted to be showing the reduction of the income and also the increment of the expenses are being illustrated in this case (Helbà ¦k, Lindset and McLellan, 2010). Thus the pattern of the changes in the accounting methods is depicted to be creating an impact on the changing of the accounting policies which are harmed and also the circumstances are required to be changes as the IAS 16 is allowing the change. The improvements of the standards can be easily made by showing the enhancement of the study and also the changes in the esti mation is clearly explained in this study (Holton, 2012).   As per the AASB 116, it shows the property and the equipment of the company which shows calculations regarding the determination of the accounting. It simply explains the structure which is being involved in the form of showing the appropriate framework of the study (Weil, 2017). The process is also involved in defining the impairment of the losses, and also it helps in the process of the depreciation methods. The current assets are considered in the form of the non-current assets that enables in fulfilling the characteristics of the current assets and also permits the proper models for showing the significant development of the fair value as it is represented in this case. The development of the process is depicted to be showing the elimination of some of the components, and also the explanations is being made by demonstrating the repositioning of the sites (Northington, 2011). It thus can be presented that the stakeholders will achieve the inappropriate information regarding the ad justments which will be made by the company. The corporation must undertake the AASB 116 for the generation of the benefits and also the execution of a certain amount will lead them to gain the fruitful situation in future. Henceforth the company must arrange the assets in an appropriate way for showing the benefits of the income statement as presented by the company Pringles Ltd. This shows the path for the enhancement of the costs which is being used for showing the relations as illustrated in this case (Parker, 2007). This indulgement is being made for the purpose of showing the depreciated assets and also the proper development of the company is being made by showing the explanation of the development of the accounting standards for the company Pringles Ltd. This is showing the development of the work which is being made by illustrating the construction of the proper accounting methods which is being presented in this case as it is being explained by the management and the devel opment of the structure. The involvement of the standards is illustrated to be showing the appropriate construction of the assets which is being illustrated in this case. The enhancement of the accounting standards is depicted to be showing the appropriate development of the work which is illustrated in the form of the management of the work (Parrino, 2015). The overall explanation is surrounding the possible construction of the researcher which is being used to understand the current depreciation methods which are appropriately explained in this case. This simply explains the structure of the study which is showing the explanation of the performance and also the probability is being quickly calculated in this case (Powers and Needles, 2012). Thus the explanation is being made by showing the future losses of the company that also shows the compensation of the future losses and also the accountant is depicted to be deciding the adoption of the appropriate techniques for the illustration of the issues in an appropriate way. This also provides a part of mitigating the appropriate considerations which are being clearly explained in part for mitigating the issues. The illustrations can be easily made by showing the appropriate understanding of the depreciation method (Spiceland, 2010). This is being well explained in this case study as it is undertaken in this case of the Pringles Limited.   Appannaiah, H., Reddy, P. and Putty, R. (2010).  Financial accounting. Mumbai [India]: Himalaya Pub. House. Besley, S. (2016).  Corporate finance. [Place of publication not identified]: Cengage Learning. Britton, A. and Waterston, C. (2013).  Financial accounting. Harlow: Financial Times Prentice Hall. Cassedy, P. (2004).  Finance. San Diego, Calif.: Lucent Books. Dalton, H. (2013).  Principles of Public Finance. Hoboken: Taylor and Francis. Dewey, J. (2016).  Ethics. Read Books Ltd. Espejo, R. (2010).  Ethics. Farmington Hills. MI: Greenhaven Press. Helbà ¦k, M., Lindset, S. and McLellan, B. (2010).  Corporate finance. Maidenhead, Berkshire: Open University Press/McGraw-Hill Education. Holton, R. (2012).  Global finance. Abingdon, Oxon: Routledge. Northington, S. (2011).  Finance. New York, NY: Ferguson's. Parker, R. (2007).  Understanding company financial statements. 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