You will create a presentation that communicates the results of operations and financial position of Kelly Consulting to its external stakeholders.

You will create a presentation that communicates the results of operations and financial position of Kelly Consulting to its external stakeholders.

Direction:
The report should contain the following:
A definition of accounting;
An explanation of GAAP (more than a definition);
An explanation of IFRS (more than a definition);
Three ways that IFRS differs conceptually from GAAP;
An explanation of the nature of assets, liabilities, and owners equity (explain each individually);
A description of the four main financial statements (income statement, balance sheet, statement of cash flows, and statement of shareholders equity) and what they measure;
From the copy of the Income Statement for the month ended May 31, 20Y8 (from the attached income statement below.) comment on noteworthy items;
A copy of the Balance Sheet from May 31, 20Y8 (from the attached balance sheet below) comment on noteworthy items;
An explanation about the companys financial performance during the month of May 20Y8(must include at least two applicable financial ratios);
An explanation about the companys financial position during the month of May 20Y8 (must include at least two applicable financial ratios).

**Note: An explanation or description is not just a definition. Please provide more elaboration than the definition.

Your presentation must be in A written business report.

Written Business Report:
To write a business report, you will need to make sure you fully explain each of the requirements listed above. Writing should be professional with complete sentences, proper punctuation, and acceptable grammar.

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