(Solution) - Suppose that you own and operate a company You need -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Pages: 5 Words: 1375

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Suppose that you own and operate a company. You need to raise money to expand your operation, so you approach a bank for a loan. The loan officer has asked you for financial statements prepared according to IFRS.
Required:
a. Why would the loan officer make such a request?
b. Assuming that your statements were prepared according to IFRS, how could you convince the loan officer that this was so?
c. What items on your financial statements would be of the most interest to the loan officer?