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Question - Suppose you need to collect, evaluate and record financial data for your organisation. Answer the following questions:
Q1. Where will you find the information you need?
Q2. What policies and procedures does your organisation follow to collect financial information? Give at least three examples.
Q3. In your workplace, how do you check the authentincity of financial information? Describe the organisational procedure/s you follow to record financial transactions.
Q1. Explain the difference between conversion and consolidation of data. How do these techniques help when compiling and performing analysis of data?
Q2. Describe at least two collecting and analysis techniques that could help in the conversion and consolidation of data. Briefly explain each procedure.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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