COURSE

BUS 1102 – Basic Accounting

What is the name of the company?

My preferred business is Brookfield Asset Management, which has both Toronto and London locations. Real estate, renewable energy, infrastructure, private equity, and other forms of long-term investment are just a few of the organization’s fields (Barros, 2019).

What are the company’s accounting and organizational internal control procedures? 

As Brookfield is a Canadian firm, it must adhere to the IFRS while keeping its accounts (IFRS). The corporation does not differentiate between short-term and long-term assets and liabilities in its consolidated balance sheet, which they display in an unclassified format. To ensure that its internal control methods are up to speed with the criteria set by the United States Public Company Accounting Oversight Board (PCAOB), the corporation employs an outside auditing firm to check its books. The organization assigns certain personnel to oversee the internal controls of the business’s financial operations. ….please click the icon below to purchase the solution at $10