ScenarioChesterInc. is a large publicly traded client at

Scenario:Chester,Inc. is a large, publicly traded client at S.N.H.U., LLC. Your task is todevelop a comprehensive, professional report for the board of directors. To dothis, you will use Chester, Inc.’s trial balance to compose comparativefinancial statements, analyze data, and interpret results. These financialstatements must be in good form in accordance with Generally AcceptedAccounting Principles (GAAP). Next, you will assess the performance of Chester,Inc. using the financial statements that you created, along with industryperformance data and the financial statements of a competitor. In addition,Chester, Inc. is considering expanding into the global market. They would likeyou to highlight key areas of the financial statements you have prepared andidentify how they would be reported differently if composed under InternationalFinancial Reporting Standards(IFRS)rather than GAAP.Guidelines for Submission: All financial calculationsshould be complete. Your paper must be submitted as a 5-6 pageMicrosoft Word document with double spacing, 12-point Times New Roman font,one-inch margins, and two to three sourcescited in APA format .Round all answers up to the nearest dollar value in anycalculations.

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