This assignment was designed to help students gain a comprehensive understanding of the International Financial Reporting Standards (IFRS) rules. By completing this assignment, students can apply their knowledge and skills to real-world scenarios, allowing them to understand better how IFRS rules are applied in practice. Through this assignment, students will be able to enhance their critical thinking, analytical, and problem-solving skills and communicate complex financial information effectively. Ultimately, this assignment aims to prepare students for a solid foundation in IFRS rules and their practical application. Yahya Marci, Seneca Inc. ESL Seneca Inc. (the Seneca) is a public company that reports under international financial reporting standards (IFRS). The Seneca is in downtown Toronto with five locations around Canada and has programmes for people who want to learn English as a second language (ESL), accounting, and training for employees of companies. Seneca College is exploring expanding its opera