Collection and processing of financial information
This assignment consists of 2 parts.
PART 1: Financial accounting can be considered as a process involving the collection and processing of financial information to meet the decision making needs of parties external to an organisation. It is argued by some researchers that even in the absence of regulation, organisations will have an incentive to provide credible information that is useful to existing and potential stakeholders.
Required:
Critically discuss the above statement taking into consideration the general purpose of financial statements. (30 marks)
PART 2. question a)Financial statement which I have already done 90%.
question b): Using the ratios calculated in part (a) and additional ratios if necessary, prepare a report for your Chief Executive analysing the financial performance of the company. Your report should include observations on the changes in the companies’ profitability, liquidity, efficiency of operations and any other aspects you think are relevant. The analysis should also include an examination of the company’s performance during the two years using the financial ratios for 2009 and 2010 and the industry averages, provided in the question.
(50 marks)
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