LOS 1 and 2- PPT LO1 Analyse the context and purpose of

LOS 1 and 2- PPT
LO1 Analyse the context and purpose of financial reporting
P1 Analyse the context of financial reporting including regulatory frameworks and
governance of financial reporting. (Slides 5,6,7,8)
P2 Analyse the purpose of financial reporting for meeting organisational objectives,
development and growth. (slides 9, 10)
M1 Assess how the context and purpose of financial reporting meets stakeholder needs
and expectations. (slides 11, 12 , 13)
D1 Critically analyse the different regulatory frameworks and governance of financial
reporting for specific stakeholders. (slides 14, 15, 16, 17, 18, 19, 20, 21
LO2 Interpret financial statements
P3 Interpret profit and loss, cash flow and balance statements (slides 22, 23, 24, 25, 26,
27, 28, 29, 30, 31)
P4 Calculate and present financial ratios for organisational performance and investment.
(Excel, slides 32 to 56)
M2 Interpret results of financial ratios of performance and financial status, and investor
ratios for users of financial statements to inform decision-making. (slides 32 to 56)
D2 Using appropriate theories and models suggest how organisations can effectively
respond to existing and potential financial problems. (slides 32 to 56)
LOS 3 and 4- Word document
LO3 Evaluate financial reporting standards and theoretical models and concepts
P5 Explain the benefits of International Accounting Standards (IAS) and International
Financial Reporting Standards (IFRS). (Pg 3,4)
P6 Evaluate the models of financial reporting and auditing. (Pg 5,6,7)
M3 Critically evaluate financial reporting and auditing through the coherent application of
theories and models to support judgements and conclusions. (Pg 5,6,7)
LO4 Evaluate international differences in financial reporting
P7 Evaluate the differences and importance of financial reporting across different
countries. (Pg 9,10)
M4 Critically evaluate the factors that influence international differences in financial
reporting. (Pg 8)