Financial Accounting & Reporting Assignment. The issue that has been highlighted in the question is that the assistant accountant Sharon Rock of Brady

Financial Accounting & Reporting Assignment

Principle of Financial Accounting Assignment

Accounting and Financial Reporting - inclusion & exclusion

Report

This article discusses the importance of maintaining the current ratio in accounting and financial reporting. It provides various strategies to improve the current ratio, such as effective monitoring of account receivables, negotiating with suppliers, paying off current liabilities, improving turnover, and financing current assets through equity. The article also highlights the ethical responsibility of organizations towards shareholders for compliance of requirements related to current ratio.

Strategies to improve current ratio in accounting and financial reporting

The article discusses the ethical issues involved in reclassifying non-current receivables as current receivables. It highlights the potential consequences of such actions and suggests alternative solutions to resolve the ethical dilemma. The suggested solutions include contacting the non-current receivable business owner and offering a discount, seeking an exception from the bank, and taking proactive steps to avoid such ethical dilemmas in the future.

Ethical Issues in Reclassification of Non-Current Receivables

This document provides an analysis of the financial performance of Xolani Ltd. for the year 2020. It includes the statement of profit and loss, balance sheet, and key financial ratios. The analysis highlights the changes in assets, liabilities, and financial health of the company. The document also discusses the purpose of criminal and civil law, elements of a valid contract, and types of discriminatory conduct. Additionally, it covers the narrower and broader definitions of corporate governance and different opinions of auditors.

Financial Performance Analysis of Xolani Ltd.

This article includes solved assignments and essays on Accounting and Finance for Business. It covers topics such as calculation of retained earnings, preparation of financial statements, computation of financial ratios, net working capital, cash cycle, monthly cash budget, contribution margin, and break-even point. The content is relevant for students pursuing courses in Accounting and Finance for Business in various colleges and universities.

Financial Accounting & Reporting Assignment