Reference no: EM133020020
Workshop - Evaluation and interpretation of financial statements
To identify and recommend appropriate courses of action through the integration of accounting knowledge, techniques and skills covered throughout this course.
This week, we will discuss
• The roles of financial statements and how to analyse the financial information to gather relevant information.
• Assignment preparation
Your contributions:
• Follow the preparation guide and complete the predatory activities.
• Participate in class activities.
• Apply what you learn this week to your assignment preparation.
• Draft the section of financial statement analysis in your business report.
Learning Objectives:
After this week, you will be able to
• Understand the role of financial statements
• Explain and perform financial statement analysis
• Obtain and evaluate credible and relevant financial information
• Analyse financial information for decision making
What you need to do this week
Make sure you achieve ALL the listed learning objectives after the workshop. Complete the relevant part of the assignment preparation.
Set readings for this topic
• ‘Hoggett, J 2018, Accounting, 9th Edn, Wiley'. Please, replace the Hoggett link on week 4 in the ‘preparation guide' (p.1099 and 1100)
• Australian Accounting Standards Board [AASB] 2020, Conceptual Framework,
• Watch the recording
• Read ‘Who uses IFRS standards?'
• Watch the recording
• Review Virgin Australia's financial statements
• Visit ASX website
• Explore IBIS reports
Questions:
Read the aricles outlined above and answer what is:
• Explain Historical cost
• Explain Fair value
Perform financial statement analysis of your group's chosen organisation as part of your assignment preparation.
Attachment:- financial statements.rar