week_2_individual_assignment.docx
Write a 500- to 750-word response to the question below
"LIFO has been used by Client X to value its inventories. Client X has contacted you for clarification and recommendations on how the use of the LIFO method to value its inventories will be impacted if a switch to financial statements prepared in compliance with IFRS will be made."
Format your paper consistent with APA guidelines.
Grading Rubric:
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WEEK TWO - DISCUSSION ASSIGNMENT
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Points
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Points
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70 Percent
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Available
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Earned
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LIFO - COMPLIANCE WITH IFRS
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All key elements of the assignment are covered in a substantive way.
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Demonstrated ability to research IFRS
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0.50
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Discuss LIFO
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0.50
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Discuss why LIFO is not acceptable
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0.50
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Recommendations
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0.25
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Other Weaknesses
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0.25
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The content is comprehensive, accurate, and/or persuasive.
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0.25
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The paper develops a central theme or idea, directed toward the appropriate audience.
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0.25
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Major points are stated clearly; are supported by specific details, examples, or analysis; and are organized logically.
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0.25
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Paper discusses the key elements of the assignment
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0.25
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The introduction provides sufficient background on the topic and previews major points.
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0.25
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The conclusion is logical, flows from the body of the paper, and reviews the major points.
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0.25
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Sub- Total
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3.50
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0.00
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Readability and Style
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Points
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Points
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15 Percent
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Available
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Earned
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Sub-Total
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0.75
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Mechanics
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Points
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Points
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15 Percent
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Available
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Earned
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Sub Total
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0.75
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LATE SUBMISSION
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Points
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Points
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Available
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Earned
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Total
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5.00
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0.00
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crockerchhiitkns0
