Identify the company accounting policies

Reference no: EM132339475 , Length: word count:2000

Annual Report Analysis and Interpretation Assignment - Accounting Analysis Report

Learning Outcomes -

Analyse and interpret annual report information in order to evaluate performance and financial position.
Recognise the limitations of annual reports and identify alternate sources of information to aid decision making by external stakeholders.
Communicate the results of annual report analysis and interpretation to a variety of stakeholders.

Context: Accounting Analysis report focuses on the analysis and interpretation of the allocated company's financial performance and position (Procter & Gamble - P&G Company - Annual Report 2018). The allocated company is the same as that for Industry and Strategy Analysis report. Students are required to identify the financial statements, notes to financial statements, and other relevant sections in the company's latest annual report, from which information is selected for the company's accounting analysis.

The module reports are designed to encourage deep learning and an ability to utilise feedback to improve the final report.

Questions - The following questions provide guidance for accounting analysis of your allocated company:

1) Identify the company's accounting policies.

2) Explain if these accounting policies are consistent with the relevant accounting standards. You should refer to five groups of items in the company's financial statements: assets, liabilities, equity, revenue, and expenses.

3) Identify if there have been changes in the company's accounting policies. If so, explain the reasons for, and consequences of, these changes. You should express opinion on the appropriateness of the accounting changes.

4) Identify connections between the company's accounting policies and its strategy as discussed in Report 1 Industry and Strategy Analysis. That is, does any accounting policy support the company's strategy in any way?

Reference no: EM132339475

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Reviews

len2339475

7/15/2019 4:33:59 AM

Length 1 500 – 2 000 words. Assessment Rubric – Knowledge and understanding of the report requirements - Demonstrated ability to select and justify relevant accounting concepts, assumptions, elements of financial statements, and other information for discussing the allocated company’s strategic performance and position. Clear ability to analyse the company’s strategy and implications of this on the company’s accounting performance. Proven ability to identify and justify specific sections of financial statements, notes, and other parts of annual report, from which relevant information for compiling the report is obtained.

len2339475

7/15/2019 4:33:49 AM

Identification and application of relevant information from annual report - Clear evidence of relevant information from the allocated company’s annual report being selected, fully justified and logically collated in the discussion of its accounting performance. The company’s accounting performance is critically analysed with full reference made to the company’s overall strategy. Practical implications of the company’s strategy on its accounting performance is explained. Effective communication - Clearly presented information with no grammar and spelling mistakes. Logical report structure and sufficiently linked report sections. Coherent flow of integrated information in the report.

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