Preparation of the financial statements

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Reference no: EM13506757

Task 1: Report

Required:

In a report for the attention of Doyle discuss the significance of alternative forms of finance available and how they might be applied in the applied in the business. Your report should relate to aspects considered in the module and core text book.

Your report should be 750 words and adopt the format available from BISSTO (use essential sections only):

https://data.bolton.ac.uk/bissto/studyskills/report/standard.htm

Task 2:

Doyle runs a business as a plumber and supplier of spare parts to contractors. The trial balance, and additional information, of the business as on 30 September 2013.

Required:

a) Using ONLY the data provided in the initial Trial Balance, prepare an income statement for the year ended 30 September and a balance sheet as at that date for Doyle.

b) In a second set of accounts, update the income statement and balance sheet showing the effect of the further information. Workings must be clearly noted in the revised accounts and using supporting notes/calculations.

c) Discuss, with reasons, which accounting concepts and conventions you have used in the preparation of the financial statements. Your discussion should be 600 words. Each item requires a clear reference.

The spreadsheets must be ‘inserted' into a single word document, and all sections of the accounts/workings must be visible on the screen.

Task 3:

Presentation, style language and accurate referencing 

Reference no: EM13506757

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