Reference no: EM132495660
BC10-1 Introduction to Business Accounting - Majan University College
Learning Outcome 1: Identify and explain theoretical concepts of Financial and Cost Accounting along with various decision-making tools.
Learning Outcome 2: Prepare the financial statements and analyse these statements using ratio analysis, along with application and use of various costing techniques to facilitate the decision-making process.
Emad Trades is one of the small businesses in Oman. The owner was recording all the information in the books.
According to his records he thinks that the business is making good profit over a period of time. But he is not satisfied with the bookkeeping only. He is of the opinion that the business can get more clear information about his profit and the proformas of the business if it is reportedin a proper way. Emad feels that the business is calculating the profit using a wrong technique and if this is corrected the business can get much more clear information on his profit and performance than the present one.
He has consulted you as an expert to study and write a comparative report analyzing the profitability, liquidity and efficiency of the business with suggestions for further improvement.
Required:
You are expected to write a reflective report to the owner of the company incorporating the following:
Question 1. Explain in detail what is the importance of financial statements and important to users. Support your statement with references from research articles.
Question 2. Prepare statement of comprehensive income and statement of financial position for the business.
Question 3. Analyse the information from the statements and explain importance of ratio analysis and how these will help the company in decision making.
Question 4. Give your recommendations on the business performance as compared to industry with rationale.
Your report must show in-depth understanding of wide reading of academic research articles, academic books and general information supported by calculations wherever essential.
Attachment:- Introduction to Business Accounting.rar
|
Structure of industrial assets
: Identify a unit of the organisations assets describe the function of the identified unit and draw a hierarchical division of items of the identified unit
|
|
Presenting the privacy concerns about digital marketing
: Assignment - Write 2000-word essay presenting the privacy concerns about digital marketing facing Australian consumers today
|
|
What the proper balance sheet presentation on december
: Notes payable, of which $610000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2020 will be?
|
|
Calculate the effect of each error
: Calculate the effect, if any, that each error had on the related December 31, 2019 statement of ?nancial position items. Calculate the effect of each error
|
|
BC10-1 Introduction to Business Accounting Assignment
: BC10-1 Introduction to Business Accounting Assignment help and solution, Majan University College - assessment writing service
|
|
What suitable sources of information could access
: What suitable sources of information could you access and use on financial products and markets, relating to financial and business performance
|
|
What is the present value of the lease when lease commence
: What is the present value of the lease when the lease commences using a 5?% interest? rate? Tanko Financing leases phones to various companies for business use
|
|
Prepare a Statement of Income from Self-employment
: BTAX1 - SUPPLEMENTARY ASSIGNMENT - Prepare a Statement of Income from Self-employment and CCA Schedule for the year ended December 31, 2018
|
|
How many ways can the six team entrants achieve first
: The coach would like the first, second, and third places to go to the team members.
|