Practices and regulations within corporate accounting

Reference no: EM133047438 , Length: word count:4500

D/615/3241 Corporate Reporting - OTHM Level 7 Diploma in Accounting and Finance

Unit Level - 7

Learning Outcome 1: Understand the accounting and finance regulatory framework.

Learning Outcome 2: Understanding accounting concepts, principles and theories.

Learning Outcome 3: Be able to prepare and interpret accounting information.

Learning Outcome 4: Be able to demonstrate specific policies, practices and regulations within corporate accounting.

Case Scenario

Corporate reporting is an area of Accounting and Finance that incorporates Regulatory Framework, Financial Reporting and Ethical considerations.

You are required to choose a Public Limited Company on which to base your assignment. You are advised to check with your tutor that your choice of company is appropriate.

Task 1 - Business Report

Prepare a formal business report, to be presented to the Directors of your chosen company.

You must include the following:

1. An explanation of the main sources for regulatory framework, accounting and corporate concepts, principles and theories.

2. An explanation of the impact of the accounting and finance framework on business organisations in general and your chosen company.

3. Explain and assess specific policies, practices and regulations for your business and the business sector it operates within.

4. An assessment of areas of abuse and exploitation in accounting and financial reporting.

5. An assessment of the importance of accounting concepts, principles and theories.

6. An interpretation and assessment of the published accounting information of your chosen company. You should prepare additional accounting information, for example ratios, in your interpretation and assessment.
You should analyse and assess the following financial statements:
a. Income Statement
b. Statement of Financial Position
c. Cash Flow Statements

Attachment:- Corporate Reporting.rar

Reference no: EM133047438

Questions Cloud

Define the blue print methodology : Describe the components and quality which is necessary for the documents of software specification. Define the blue print methodology.

Briefly explain how company achieve lower production costs : Briefly explain how a company can achieve lower production costs and increase productivity by improving the quality of its products or services

Calculate the unit sales needed to attain a target profit : Lin Corporation has a single product whose selling price is $134 per unit and whose variable expense is $67 per unit. Calculate the unit sales needed

Trade lower benefits for higher wages : Is it likely that employers will trade lower benefits for higher wages?

Practices and regulations within corporate accounting : Understanding accounting concepts, principles and theories and Be able to demonstrate specific policies, practices and regulations within corporate accounting

Design and implementation of gis technology : "Design and Implementation of GIS Technology" within any fictional or real agency, as School, University, Environmental Agency,

What are financial-hr and marketing issues : What are Financial, HR and Marketing Issues in the below case study.

What is amount of gain to be reported on partial disposal : The fair value of machinery was estimated to be $400,000; What is amount of gain to be reported on partial disposal

Effect of globalization on organizational ethics : What is the importance of ethics and social and corporate responsibility in today's companies and how could their image be affected if they are not aligned with

User Account

All Pages