Financial Analysis of Bhel: Risk and Variance

Running head: ADVANCED DIPLOMA IN ACCOUNTING
ADVANCED DIPLOMA IN ACCOUNTING
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ADVANCED DIPLOMA IN ACCOUNTING1
Table of Contents
Introduction................................................................................................................................3
Discussion:.................................................................................................................................3
Conclusion..................................................................................................................................3

ADVANCED DIPLOMA IN ACCOUNTING2
Introduction:
The aim of the study deals with the ascertainment of risk and variance of Bhel
compared to the year 20X1. The detailed analysis of the financial statement and the financial
position of the company have been conducted in the following study.
Discussion:
There are certain areas which are analyzed in the financial statements of Bhel and the
variance of the income statement and the financial statement have been depicted accordingly.
There are certain risk associated with the financial performance of the business (Burtonshaw-
Gunn 2017). Hence such kind of financial risk must be minimized by the adaptation of the
certain strategies. The variance of the company have been evaluated in the bellow table:
INCOME STATEMENTS FOR THE YEARS ENDED 31 DECEMBER
20X2 20X1
Particular $'000 $'000 $'000 $'000
Sales 23,5
00
20,500
Cost of goods sold 16,0
00
14,000
Gross profit 7,50
0
6,500