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Financial Accounting PDF

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Added on  2020-09-17

Financial Accounting PDF

   Added on 2020-09-17

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Financial Accounting
Financial Accounting PDF_1
TABLE OF CONTENTSTASK 1............................................................................................................................................1Usefulness of IASB Conceptual Framework for the investors of Ford..................................1TASK 2............................................................................................................................................2A. Presenting a consolidated Income statement of Contentin PLC for the year ended 31stDecember 2016.......................................................................................................................2B. Drafting the statement of financial position for Contenin Plc as on 31st December 20163C. Critical overview of the financial statements of Contentin Plc.........................................4TASK 3............................................................................................................................................5Interpretation of the growth, profitability and efficiency of Santana Plc among shareholders5REFERENCES................................................................................................................................8
Financial Accounting PDF_2
TASK 1Usefulness of IASB Conceptual Framework for the investors of FordTo enhance the operational performance of Ford, the professionals in this organisationneed to determine the importance of the conceptual framework facilitated by IASB. Therefore,the operational perspective of this standard or board is that they facilitate the universallyaccepted framework for presenting the annual financial informations of firm. This will be helpfulfor the business in terms of enhancing the efficiency as well as attracting the large numbers ofinvestors to the organisation (Zhang and Andrew,2014). The disclosure of data set is helpful firthe internal stakeholders in terms of redesigning the policies, planning and reallocating the costsover every business operations.Illustration 1: Usefulness of conceptual framework for the various users(Source: Conceptual framework for financial reporting, 2017)However, it is quite necessary that an investor must consider the conceptual frameworkof IASB before investing in any organisation. The main objective of such boards is to facilitateaccurate financial statement which are being prepared and formed on the basis of authenticated1
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