Report on Faux Fashion Limited

This report is based on Faux Fashion Limited, which covers a review of annual accounts, costing, pricing, variance analysis, Capex appraisal, and budgeting. To help investors understand a company's performance, financial statements are prepared at the beginning of the financial year and made publicly available. The income statement, statement of financial position, statement of cash flows, and statement of changes in equity are the four commonly used financial statements.