Appendix 1: Tasks 1-8 Financial Reporting: Knowledge Questions You will start an internship role of the accountant assistant/bookkeeper who specialises in providing financial reporting, accounting, and compliance advice for Accolade Business Service. Imagine that you have been allocated to a new client and come to you asking various questions about the financial accounting regulatory environment and reporting process. Some of these questions could be ask by your client and you should prepare the advice/answer in a professional manner in a provided template. Provide your response based on the reading and understanding on Chapter 1 of the textbook and notes in the canvas learning content. Please provide your responses in the boxes below each question Satisfactory Not Satisfactory Task 1: A client has asked you to briefly describe: (approx. 100 words) . the key differences between non-reporting entities and reporting entities the purpose of preparing financial statements for non-reporting entities A: Task 2: Explain the three different types of non-reporting entities and their key characteristics (approx. 50 words) A: Task 3: There are several different methods of presenting financial data. Provide the advantages and disadvantages of at least three methods. (approx. 100 words) A