Financial Reporting for Business

FINANCIAL REPORTING
FOR BUSINESS

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
1 Calculation of financial ratio of AstraZeneca ..........................................................................1
2 Brief description of financial performance of AstraZeneca.....................................................4
3 Description of report of Deferred Tax regarding IAS 12 Income tax of AstraZeneca.........7
CONCLUSION................................................................................................................................8
REFRENCES...................................................................................................................................9

INTRODUCTION
Financial reporting is consider as document which show all the relevant information
regarding financial performance of an organization. Manager formulate, financial statement, cash
flow, fund flow document as by analysis financial ratio, could represent statement for
shareholder through which they can able to recognize whether organization is beneficial for them
or not. To understand this concept, AstraZeneca has been taken. Its headquarter is situated at
Cambridge, it is British Swedish organization which pharmaceutical business. This report
describe financial performance of organization by calculating relevant ratio. It also define
revenue of IAS 12 income tax standard and its provision in context with AstraZeneca
MAIN BODY
1 Calculation of financial ratio of AstraZeneca
Financial ratio: Theses are the technique of financial management used by managers
for understanding financial performance of an organization on the basis of calculating magnitude
of 2 select financial value of items taken from financial statements. There are various types of
ratio which divide in series according to their relevance. Following are the ratio analysis of
AstraZeneca
 Profitability ratio: Theses ratio are calculated for analysing ability of organization to
generate profit and use of these profits to fulfil liability of organization. Organization
use this ratio for measuring as well as compromising its revenue rate from current year to
past year. By profitably ratio , organization easily find out reason and well as difference
arise in revenue rate from any comparative year. It considers, revenue generate from
trading and business activities, and through investment in shares. following are profitably
ratio of AstraZeneca define below AstraZeneca (Pando, San-José, and Sicilia, 2019).
 Gross profit ratio
Particular 2018 2019
Gross profit 557.6 728.24
Sales 22,090.00 24384
Gross profit ratio = GP/ Sales 2.9 2.52
1