INTERMEDIATE FINANCIAL REPORTING $1$

UNIT $1-$ TASK$-$BASED SIMULATION #$3$

Simulation $(10$ minutes$)$

Annette Qupee is a senior accountant with Globalx, a shipping and logistics cc based in Ontario. She has been tasked with improving the company's monthly reporting process. Globalx is required to send monthly financial statements to within $30$ days of month end. Presently, the company is averaging $45$ days to the financial statements to its bank.

Annelte has been asked by her supervisor, Gurpreet Rahad, to prepare a mem outlining the qualitative characteristics of useful financial statements and how th principles can be applied to Globalx's mohthly financial statement close process

Annette has the following document:

Appendix: Email from Gurpreet Rahad

Complete the task in the Excel Task file.