week 2 Individual Assignment
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:
| WEEK TWO - DISCUSSION ASSIGNMENT | Points | Points |
| 70 Percent | Available | Earned |
| LIFO - COMPLIANCE WITH IFRS |
|
|
| All key elements of the assignment are covered in a substantive way. |
|
|
| Demonstrated ability to research IFRS | 0.50 |
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| Discuss LIFO | 0.50 |
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| Discuss why LIFO is not acceptable | 0.50 |
|
| Recommendations | 0.25 |
|
| Other Weaknesses | 0.25 |
|
| The content is comprehensive, accurate, and/or persuasive. | 0.25 |
|
| The paper develops a central theme or idea, directed toward the appropriate audience. | 0.25 |
|
| Major points are stated clearly; are supported by specific details, examples, or analysis; and are organized logically. | 0.25 |
|
| Paper discusses the key elements of the assignment | 0.25 |
|
| The introduction provides sufficient background on the topic and previews major points. | 0.25 |
|
| The conclusion is logical, flows from the body of the paper, and reviews the major points. | 0.25 |
|
| Sub- Total | 3.50 | 0.00 |
| Readability and Style | Points | Points |
| 15 Percent | Available | Earned |
|
|
|
|
| Sub-Total | 0.75 |
|
| Mechanics | Points | Points |
| 15 Percent | Available | Earned |
| Sub Total | 0.75 |
|
| LATE SUBMISSION |
|
|
|
| Points | Points |
|
| Available | Earned |
| Total | 5.00 | 0.00 |
