Week 1 – Assignment 1
McGraw-Hill Connect: SKD Limited Case
Study
[WLOs: 1, 2, 3, 4, 5, 6] [CLOs: 1, 2,
3, 4]
Prior to beginning work on this assignment, read Chapters 2
and 3 in the textbook.
Complete the following case located at the end of the chapter
and submit your answer to Waypoint. The assignment should be at least one to
two pages.
·
Case 2-2: SKD Limited
In your paper,
·
Discuss the goodwill adjustments.
·
Discuss the interest adjustment.
·
Discuss the property, plant, and equipment adjustments.
The McGraw-Hill
Connect: SKD Limited Case Study paper
·
Must be at least one to two double-spaced pages in length
(not including title and references pages, if needed).
·
Must include a separate title page with the following:
o
Title of paper
o
Student’s name
o
Course name and number
o
Instructor’s name
o
Date submitted.
·
While no additional
resources outside the textbook are required if any additional resources are
used, they must be documented in APA Style as outlined in the UAGC Writing
Center’s APA: Citing Within Your
PaperLinks to an external site. guide.
·
A separate references page that is formatted according to
APA Style as outlined in the UAGC Writing Center will be needed if any
additional resources other than the textbook are used. See the APA:
Formatting Your References ListLinks to an external site. resource
in the UAGC Writing Center for specifications.
Carefully review the Grading RubricLinks to an external site. for the criteria that will be
used to evaluate your assignment.
Case 2-2
SKD Limited
SKD Limited is a biotechnology company that prepares
financial statements using internally developed accounting rules (referred to
as SKD GAAP). To be able to compare SKD’s financial statements with those of
companies in their home country, financial analysts in Country A and Country B
prepared a reconciliation of SKD’s current year net income and stockholders’
equity. Adjustments were based on the actual accounting policies and practices
followed by biotechnology companies in Country A and Country B. The following
table shows the adjustments to income and stockholders’ equity made by each
country analyst:
Required:
