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Interpret Financial Information Assignment

   

Added on  2020-07-23

11 Pages1697 Words75 Views
Interpret FinancialInformation

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Q1. ..............................................................................................................................................1Q.2...............................................................................................................................................1Q.3...............................................................................................................................................1Q.4...............................................................................................................................................1Q5................................................................................................................................................1Q6................................................................................................................................................1Q7................................................................................................................................................2Q8................................................................................................................................................2Q9. ..............................................................................................................................................2Q10..............................................................................................................................................2Q11. ............................................................................................................................................2Q12. ............................................................................................................................................2Q13..............................................................................................................................................2Q14..............................................................................................................................................3Q15..............................................................................................................................................3Q16..............................................................................................................................................3Q17..............................................................................................................................................3Q18..............................................................................................................................................3TASK 2............................................................................................................................................3Q1: ..............................................................................................................................................3Q2................................................................................................................................................3Q3................................................................................................................................................3Q4................................................................................................................................................3

Q5:...............................................................................................................................................3Q6: ..............................................................................................................................................4Q7:...............................................................................................................................................4Q8:...............................................................................................................................................4Q9:...............................................................................................................................................4Q10..............................................................................................................................................4Q.11.............................................................................................................................................4Q 12.............................................................................................................................................4Q13..............................................................................................................................................4Q.14 ............................................................................................................................................4Q.15.............................................................................................................................................5Q16:.............................................................................................................................................5Q17:.............................................................................................................................................5Q18:.............................................................................................................................................5Q19..............................................................................................................................................5Q20..............................................................................................................................................5Q21..............................................................................................................................................5Q22..............................................................................................................................................5Q23..............................................................................................................................................5Q24..............................................................................................................................................5Q25..............................................................................................................................................5Q26..............................................................................................................................................5TASK 3............................................................................................................................................6Q1................................................................................................................................................6Q2................................................................................................................................................6Q3................................................................................................................................................6CONCLUSION ...............................................................................................................................7REFERENCES................................................................................................................................8

INTRODUCTIONFinancial information is a kind of formal evidence of those financial activities andposition of an organisations, individual or other entity. The objective of this project report is toanalyse all the financial statement to make appropriate results in order to attain business goals(Orens and Lybaert, 2010). It consist of various information related with financial accountingstatement those are uses in many business organisation.TASK 1Q1. The given financial records are said to be general ledger accounts those are used tomaintained records and store balance sheet and other income statement.Q.2The general ledger account is said to be that account which are use to record financialtransactions of a company.Q.3The system in which two entries are made is know as Double-entry system.Q.4System of accounting: It refer to be collection, storing and analysing of financial andaccounting information that are helpful in making various decision to track the accountingactivities.Q5.Cash accounting methods: Under this accounting method it analyse all revenues andexpenditure at the time physical cash that is actual paid out.Accrual accounting methods: In this method all the revenues and expenses are recordedat the time when they are incurred. Accrual means any entry that is recorded in the absence ofcash transaction.Q6.Ledger books and trail balance is the document or record in which individual account arerecorded and maintained.1

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