金融管理homework代写 Questions to get you started 

Seminar  20 Questions to get you started using company accounts

金融管理homework代写 At the foot of the statement you will see some dates and names. This information tells you when the accounts were ‘signed off’







Have         a         look         at         the         financial         statements         here http://annualreport.marksandspencer.com/M&S_AnnualReport_2019.pdf          obtain its latest published financial statements.

You can choose a public company, your own employer or an organization that you deal with or are interested in studying.

If the report covers a group of companies answer for the group; the accounts may be entitled Consolidated (or Group) Balance Sheet and Consolidated (or Group) Income Statement.

If you  have  chosen  a  large  organization  you  may  find  the  Contents  section helpful in navigating through this large document.

The following questions are suggestions to get you started in your enquiries. You will have others. Make notes as you work through.

Required      In small groups of 3, attempt the following:  金融管理homework代写


  •   Lookatthe published Income Statement.


  1. 1.  Whatperiodis covered by the Statement?

  2.  Didtheorganization make a profit /surplus or a loss/deficit? Profit may  be  termed  ‘net  income’ .  How  does  this  compare  with  the previous year?

  3.  Whatconclusion, ifany, can you draw from this?

  4. 4.  Howmanydifferent lines of text contain the descriptive term ‘profit’ or ‘income’?

  5. 5.  Isithelpful to see the different points at which ‘profit’ is reported? Could there be more, or fewer?

  6. 6.  Isthereany   particular   type   of   expense   that   has   changed considerably since the previous year?

  7. 7.  Istheorganization reporting any new activities or lines of business? You may need to read the Directors’ Report (Trustees’ Report for a charity) to determine this.

  8. 8.  Istheorganization reporting any discontinued activities or lines of business?

金融管理homework代写

At the foot of the statement you will see some dates and names. This information tells you when the accounts were ‘signed off’. At this date, directors and the independent auditor had to be satisfied that the statements represented a ‘true & fair view’ if reporting under UK GAAP of the position and performance of the organization.


  1.  Onwhatdate was the balance sheet signed?

  2. Has the Equity increasedordecreased?

  3. Hasanyclass of share capital increased or decreased?

 

Now look at the Report of the Independent Auditor


  1. Who is the Independent Auditor?

  2. Towhomdoes  the  auditor  report?  Check  the  date  the  auditor signed his report. How does this date compare with that at the foot of the Balance Sheet? [count the months between the dates]

  3. 1 Howdoesthe date the auditor signed his report compare with the date at the head of the Balance Sheet? [count the months between the dates]

Notice that in the UK the auditor gives an opinion, not a guarantee of certainty or accuracy. It is the responsibility of the directors of the organization to prepare the published financial statements.

Notice that if your company reports under  IFRS, the auditor’s opinion will be ‘present fairly’  金融管理homework代写

Look at the Cash Flow Statement


  1. 1 Lookatthe end of the statement. Did the company experience a net inflow or a net outflow of cash from operating activities?

  2. 16.Hasthere  been  an  increase  or  a  decrease  in  the  total  cash resources held within the company over the reporting period?

 

The Notes to the Financial Statements provide detail to back up the summary figures in the Income Statement, Statement of Cash Flows and Balance Sheet

 

Look at the Report of the Directors


  1. What does the company describe as its principal activities?

  2. Whatamountswere paid to charity and in political donations during the year?

Personal Reflective learning  金融管理homework代写


  1. What did you learnfromthis exercise?

  2. What further Qs do your findings prompt youtoask?

Write your thoughts here…… ..

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