Business Finance Homework Help

Ron Abrams, VP Operations for Wilson Bros. has come wandering into your office muttering under his breath (clearly exasperated) after reading the financial statements for one of the plants in Western Europe. After composing himself somewhat he says, “How can a Canadian finance executive sign off on these statements? They look nothing like any statement I’ve seen in Canada before! I know we paid a translator to present these in English, but I cannot make heads or tails of these. Are we profitable there or not?”

Knowing what you have read about financial statements briefly describe if these financial statements could be correct, and if so why? (8 marks)

Discussion Assignment Tips:

Here are a few tips to get you started:

• Make sure you specifically answer the question “could the statements be correct”
• When answering the “why” portion, make sure you address the various accounting standards that could impact Wilson Bros.
• Make sure you provide feedback to at least 2 other students’ postings.