Prepare Financial Reports for a Corporate Entity - FNSACC504

FNSACC504 - PREPARE
FINANCIAL REPORTS
FOR A CORPORATE
ENTITY

Table of Contents
Question 1...................................................................................................................................3
Question 2...................................................................................................................................3
Question 3...................................................................................................................................4
Question 4...................................................................................................................................4
Question 5...................................................................................................................................5
Question 6...................................................................................................................................5
Question 7...................................................................................................................................6
REFERENCES................................................................................................................................6

Question 1
General purpose financial records are the records like credit analysis and stock valuation.
These are the financial records that is issued for the investment purpose in the organisation.
Investment community and lenders are generally adopted these statements and records. The
entity that is coducted this reporting is known as the reporting entity. The main purpose is to
evaluate the investing option.
Question 2
a) The article is written on the Wesfarmers Limited on its diverse group plan to achieve the
financial sustainability. This article talk about the substantiality of the business operation in
context to the organisation. The product development and the ways services should be allocated
are a part of this article.
b) The financial implication is like every plan require strong support with the financial resources
of the organisation. The financial implication is about to analysis the financial resources of the
organisation and make plan to implement the same (Featherstone, 2018). Financial implication
directly influence over the business operation of Wesfarmers Limited that will further impact on
the short term and long term profitability of organisation.
c)