Legal and regulatory influence on financial statements

Unit 10 Financial Accounting - BTEC level 4 Higher National Diploma In Business

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Task 1:

Question 1. Legal and regulatory influence on financial statements

Question 2. Users of financial statements and there needs

Task 2:

Part a: Question A. Ella's income statement for the year ended 30th June, 2011

Question B. Ella's financial statement for the year ended 30th June, 2011

Part b: Question A. Income Statement for the year 31 January 2011:

Question B. Statement of Comprehensive Income for the year ended on 31 January 2011

Question C. Statement of financial position and Statement of changes in Equity

Question D. Impact of issuance of 10 million shares at £ 1.5 each, upon:

Task 3: Consolidated Profit Loss Account

Question: Consolidated Balance Sheet of H Plc with Y Plc Ltd. As at 31 Mar 2010

Task 4:

Part a: Question A. Determination of ratios for Ager Limited for the year ended 30th September 2013

Question B. Interpretation and comparison of the ratios

Part b: Computation and analysis of Ratios

Unit 10 Financial Accounting covers the preparation of financial statements for sole traders, partnerships, and limited companies. It also covers the concepts of accruals and deferrals, depreciation, and provisions. The assignment helps students to apply their knowledge of financial accounting to real-world situations.

Some of the key topics covered in the assignment include:

• The preparation of a trial balance
• The preparation of a profit and loss account
• The preparation of a balance sheet
• The treatment of accruals and deferrals
• The calculation of depreciation
• The creation of provisions

The assignment is designed to help students develop their skills in financial accounting and to prepare them for a career in accounting or finance.

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