Can you solve this exercise please?

Question 2 Answer all parts of this question a) The latest financial year of Rome plc ended on 31 December 20X1. Rome plc's directors signed the official accounts on 15 February 20X2. The following information is available: - On 22 January 20X2, two new employees were hired in Rome plc's finance department; On 27 January 20X2, Rome plc finalized the fair value estimations related to the acquisition of Naples plc, a business that Rome plc had acquired in a business combination on 20 December 20X1. Required: Describe the consequences of the two events listed above on Rome plc's financial statements for the financial year ending 31 December 20X1, explaining the relevant IFRS rules. 12 marks b) During the current financial year an entity decided to change the accounting method used to allocate depreciation, choosing to apply the straight-line method instead of the reducing balance method, which it used to apply previously. Required: Should the decision described above be treated as a change in accounting policy or a change in accounting estimate, according to IFRS? Explain the related accounting rules. 8 marks Question 2 Answer all parts of this question a) The latest financial year of Rome plc ended on 31 December 20X1. Rome plc's directors signed the official accounts on 15 February 20X2. The following information is available: - On 22 January 20X2, two new employees were hired in Rome plc's finance department; On 27 January 20X2, Rome plc finalized the fair value estimations related to the acquisition of Naples plc, a business that Rome plc had acquired in a business combination on 20 December 20X1. Required: Describe the consequences of the two events listed above on Rome plc's financial statements for the financial year ending 31 December 20X1, explaining the relevant IFRS rules. 12 marks b) During the current financial year an entity decided to change the accounting method used to allocate depreciation, choosing to apply the straight-line method instead of the reducing balance method, which it used to apply previously. Required: Should the decision described above be treated as a change in accounting policy or a change in accounting estimate, according to IFRS? Explain the related accounting rules. 8 marks