Question Description
ASSIGNMENT:
The submission is in the form ofan individual numerical/written report. This should be written in aconcise, formal business style using single spacing and font size 12.You are required to make use of headings, paragraphs and subsections asappropriate, and all work must be supported with research and referencedusing the Harvard referencing system. Provide working notes whereverrequired. The document must be submitted to turnitin in word document.Please provide a bibliography using Harvard referencing system if youreferred any sources for theoretical parts or questions. Thenumbers/numerical statements and calculations must be neatly/clearlyshown so that the assessor assess the work of the learner appropriately.
L.O:1: Analyze the purpose for developing and presenting financial information
Task Summary
Managementaccountants look ahead – they focus on forecasting and decision-making.They use information to advise on how the business can move forward.Management accounting involves using the internal financial informationavailable to managers, as well as that information which companies mustpublish by law. This contributes to forward planning, reviewing andanalysing the performance of the business.
Scenario
P&SLtd is a company manufacturing and selling wide range of industrialproducts to large number of businesses throughout the country. Thecompany is listed on the stock exchange and the business is highlycompetitive and price sensitive. P&S Ltd is a locally ownedbusiness, with 1500 people working out of several locations around theregion.
The company purchases numerous components from 250 localand regional suppliers through placing not less than 25000 orders peryear. The company has plan to expand its business by investing on newmanufacturing plant in a different location. This will enable P&SLtd to create more jobs for the locals.
Actual financial data collected from the annual report of P&S Ltd for the year ended 31st December 2017 is as follows:
|
OMR |
|
|
LAND & BUILDING |
1,250,000 |
|
CASH |
500,000 |
|
SALES |
2,125,000 |
|
ACCOUNT RECEIVABLES |
2,550,000 |
|
ACCOUNT PAYABLE |
1,775,000 |
|
COST OF GOODS SOLD |
1,750,000 |
|
CLOSING STOCK |
500,000 |
|
PREPAID RENT |
25,000 |
|
RENT |
25,000 |
|
WAGES |
165,000 |
|
ACCRUED WAGES |
15,000 |
|
BANK OVERDRAFT |
75,000 |
|
PAID IN CAPITAL |
2,500,000 |
|
RETAIN EARNING AS AT 01/01/2017 |
275,000 |
As a Management Accountant a report need to be submitted covering the following questions;
Task 1
Analyse the purpose and presentation of financial information from the perspective of different stakeholders. (P1)
Task 2
Evaluatehow and why financial information should be developed and appropriatelypresented to support financial planning and decision-making. (M1)
Task 3
Critically evaluate financial information supported by effective and appropriate judgements. (D1)
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Place Order” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.