ACCM 4200: Financial Accounting & Reporting- Letter Writing Assignment

Internal Code: MAS705

Letter Writing Assignment:

Background to the case study: You are a graduate accountant working for Cameron and Associates a public accounting firm situated at 89999 George Street, Sydney NSW. The senior manager, of your firm, John Evans, has asked you to follow up on an email sent by a client, namely –Peter Kitchener, the managing director of Grandma’s Kitchens Ltd – his email has raised a number of issues regarding his company and your manager would like you to research the issues and draft a response in the form of a business letter – see email information in case study details below. Dear John, Thanks for your letter suggesting we meet to plan the year end accounting work for the financial year ending 30 June 2016. There are quite a few issues that the board of directors has raised with me in relation to the financial statements and I have noted them below for your response. Some of the directors are concerned about these issues as the company has just moved from being a proprietary company to a public company (with effect from 1 December 2015), and they think this changes matters.To assist us in our decision making process could you please make sure that any relevant sources such as the AASBs, Corporations Act, reference books, journal articles, and/or websites are referenced so that the accounting team here could check them out when evaluating your answer. If you could kindly copy the newly appointed Financial Controller, Elizabeth McCain in on your response she could start the review process.I must confess I am not too worried about it as I am sure that all we need to do is to prepare the financial statements as we did last year. That’s correct isn’t it? I will be overseas on a marketing trip until the end of May but look forward to hearing from you by the time I get back. Best wishes and regards Peter Kitchener Managing Director, Grandma’s Kitchens Ltd Suite 2525, Level 28, Plaza Building 525 Charles Street Adelaide SA 5000 Objective: The objective of this assignment is to learn to effectively research a technical aspect of accounting and communicate professional advice to a client, via a business letter.