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Introduction to Accounting and Finance - Sample Assignment

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Added on  2021-02-20

Introduction to Accounting and Finance - Sample Assignment

   Added on 2021-02-20

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INTRODUCTION TOACCOUNTING ANDFINANCEASSESSMENT
Introduction to Accounting and Finance - Sample Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1PART A: YARNSHAW LIMITED.................................................................................................1(a) Profit and Loss Statement - ...................................................................................................1(b) statement of balance sheet: ....................................................................................................3PART-B: RECKTURK PLC...........................................................................................................6(b). Calculation of the Break-even Point and Margin of Safety for the both unit of productionwhen selling price is £40 - ..........................................................................................................6(c). Find out the Profit of company when Unit Production is 54,000 wardrobes at £40 per unit- ...................................................................................................................................................8(d) Analysation of the strategy for Reckturk Plc -.......................................................................9(e) Discussing the Assumptions that used regarding the Break-even Model: .........................10PART-C: ROSEVILLE PLC.........................................................................................................11(a). Recommendation of acceptance or rejection of Capital Budgeting Projects usingInvestment Appraisal techniques...............................................................................................11(b). Report on key merits and limitations of various investment appraising techniques - ........12(c). Report on identification of key merits and demerits of using Budgets as a strategyplanning tool -............................................................................................................................14CONCLUSION..............................................................................................................................16REFERENCES..............................................................................................................................17
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INTRODUCTIONIntroduction to accounting and finance provides a introductory yet comprehensiveoverview of the financial accounting, financial management and management accounting. Thisprovides accounting and finance function to the business in order to making the decision bymeasuring the financial data and information (Nowak, 2016). Accounting is main field of thebusiness in which business activities and transactions are identified in the monetary terms andrecorded in the books of accounts. Whereas finance is related to the presented of the finalaccounts to the management and investor by using the financial information and data. It enablesto management of the financial resources and its disbursement in a appropriate manner andmanagement of the company can make the better decision regarding the future to sustain thebusiness in long run. This particular report of the accounting and finance covers the varioustopic such as accounting standard and principle that is used in the financial accounting. It alsoincludes the preparation of the income statement and balance sheet of the mentioned company.It further includes cost techniques like break even point, margin of safety and the investmentappraisal or capital budgeting tools. In addition to advantage and limitation of the budget asstrategies techniques that is analysed by management.PART A: YARNSHAW LIMITED(a) Profit and Loss Statement - This is the particular sheet that is prepared by the administration by recording thebusiness transactions and activities. It shows the revenue and expenses in order to compute thenet profit for a specific time of period. Income statement is prepared in order to ascertain the netprofit by taking the certain information regarding the revenue, sales, depreciation, tax etc. In thesame sense the company, income statement of the Yarnshaw Ltd are as under: Income statements for the company Yarnshaw Ltd: Statement of profit and loss for the year ended December 31, 2018ParticularsAmount (£)ParticularsAmount (£)To Opening StockNABy Revenue759600To Purchases630000By Closing Stock273600To Wages143010To Gross Profit (c/d)260190103320010332001
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