You will be given a topic in class for this assignment. The topic is FINANCIAL INSTRUMENTS. PLEASE USE NZ IFRS 7 AND 9.Choose a company that is listed on the NZX (https://www.nzx.com/markets/NZSX/securities). The company should have financial reporting requirements in the area of your allocated topic.Prepare a report relating to the company you have chosen and the topic you have been assigned. The report should include the following:1. Discussion on the XRB financial reporting standards in relation to the topic you have been assigned;2. Discussion on how your company has applied the standards to their financial reporting;3. Discussion on alternative accounting treatments that could have been applied (either within or outside the standards);4. Critical evaluation of any relevant ethical issues in relation to the choice of financial reporting treatment adopted by the company and the usefulness of information to the user