REQUIRED Using Microsoft Excel and Word students are required to:
1) Prepare a full set of general purpose financial reports for 2017 (including as many notes and comparatives as possible) using the information and additional information for adjustments provided. This includes a Statement of Profit and Loss and Other Comprehensive Income, Statement of Financial Position, Statement of Equity and Statement of Cash Flows. (Note: comparatives means the current year and previous year data are required on the face of the statements and in the notes).
2) Prepare a concise report for the managing director explaining the financial performance of Daisy’s Textiles Ltd. The report should follow the format of an executive summary and should be no more than 2 pages (using 1 ½ spacing and size 11 font).
3) This assignment can be completed individually or as a small group with 2 members. Both group members are to submit the same assignment online to allow feedback to be provided to both group members. Students MUST clearly identify in their submission their fellow group member. IF students fail to do this, they risk being reported for plagiarism.
4) Students are to assume they need to submit documents that may be required if this was a real client and consulting contract.
5) Assignments are to be submitted via the assignment box link provided in Blackboard.
6) Assignment coversheets are required and will be made available on Blackboard.
7) Students are to submit the following:
a. 1 x Excel spreadsheet with all workings and show a clear effort to utilize the functionalities of Excel to ensure information is linked and clearly displayed. (multiple worksheets may be used but they must be clearly labelled to allow the marker to adequately navigate through the data provided.
b. 1 x PDF file with signed assignment coversheet, copy of report, final financial statements and notes with comparatives that would be submitted to the MD and any other documents deemed necessary to fulfil the contract.
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