Accountant with AASB(AUS) experience

We are looking for qualified accountants to work on our project AASB standards(AUS) is to be used in all cases Please indicate your background in the proposal 1000 words To be completed by 10 May GMT You will need to discuss the impact of company share issues and change of capital structures based on two different scenarios. AASB standards needs to be properly referenced • A determination of the impact of Proposal 1 as perceived by the directors. • A determination of the impact of Proposal 2 as perceived by the Bank Ltd. • A determination and explanation of how the proposed issue of preference shares in Proposal 1 should be classified in accordance with Australian Accounting standards. • A determination and explanation of how the proposed leasing agreement relating to land and buildings in Proposal 2 should be classified in accordance with Australian Accounting Standards. • The relevant journal entries, complying with AASB standards, required by Proposal 1 and Proposal 2 for the period 1 July 2016 to 30 June 2017, provided in the appendix to your report. Proposals Proposal 1 – Share issue XDB Ltd will issue 200,000 shares (described as preference shares) for a term of 10 years at $50 per share on the following terms: • Preference shares rank after all other creditors, but before other shareholders for return of capital in any liquidation. • The preference shares are cumulative and will pay an annual dividend of 6% per annum on 30 June each year. • The preference shares are redeemable. At the end of 10 years, preference shareholders may choose between receiving a cash payment of $50 per share and receiving ordinary shares in XDB Traditions Ltd. The number of ordinary shares received will be calculated as [($50/market price per share on 1 July 2026) + 1 share]. The market price of Ruby Traditions Ltd’s ordinary shares on 1 July 2016 is forecast to be $10. • On 1 July 2016, XDB Traditions Ltd could issue debt securities, without a conversion option, for a 10 year term at 7% interest per annum, returning the principal to debt holders at the end of the 10 year term. • The directors believe the preference shares would be treated as equity. Proposal 2 – Sale and leaseback of land and buildings XDB Traditions Ltd measures land and buildings using the cost model. The relevant values at 1 July 2016 are: Carrying Amount Fair Value Remaining useful and economic life Land $4,000,000 $6,000,000 Building $3,000,000 $6,000,000 10 years The Bank Ltd has made a sale and leaseback offer for XDB Traditions Ltd’s land and buildings. Lender Bank Ltd will pay $10,000,000 to XDB Traditions Ltd to purchase the land and buildings. THE Bank Ltd indicates the leaseback would be an operating lease. The buildings will be demolished at the end of 10 years so that the residual value under the lease agreement is wholly attributable to the land but does not represent the estimated fair value of the land at the end of the lease. At the end of the lease term of 10 years, THE Bank Ltd will sell the land and buildings for redevelopment and is certain of recovering the residual.