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Financial Management Assignment | Accounting Assignment

   

Added on  2020-05-28

19 Pages3558 Words41 Views
Running head: ACCOUNTING AND FINANCIAL MANAGEMENTAccounting and Financial ManagementName of the Student: Name of the University:Author’s Note:
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1ACCOUNTING AND FINANCIAL MANAGEMENTTable of ContentsTask 1:.............................................................................................................................................2Task 2:.............................................................................................................................................4Task 3:.............................................................................................................................................6Requirement a:.............................................................................................................................6Requirement b:...........................................................................................................................13Reference List and Bibliography...................................................................................................16
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2ACCOUNTING AND FINANCIAL MANAGEMENTTask 1:In the books of PARISS Plc.Statement of Profit or LossFor the period ended 31 December 2016ParticularsAmount£’000Revenue8500Cost of Sales -3374.25Gross profit5125.75Distribution and administrative expenses-3000Investment income (dividend from SwP)175Investment income (profit from Angel)85.5Finance cost -263Profit before tax2123.25Income tax expense-890PROFIT FOR THE YEAR1233.25
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3ACCOUNTING AND FINANCIAL MANAGEMENTIn the books of PARISS Plc.Statement of Financial PositionAs at 31 December 2016ParticularsAmountAmount£’000£’000Non-current assets:Property, plant and equipment 8500Intangible assets5700Investment in SwP 3500Investment in Angel3085.5Leasehold Assets94.2520879.75Current assets:Inventories4000Trade receivables20006000Total assets26879.75Equity and reserves:Share capital (£1 nominal value equity shares)4000Retained earnings 7591.2511591.25Non-current liabilities Long term loan notes9700Lease Liability88.59788.5
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