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LO1 Understand the regulatory framework for financial reporting

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LO1 Understand the regulatory framework for financial reporting

Learning Outcome

 

Assessm

 

 

In this assignment you will have the opportunity to

 

 

ent

 

 

present evidence that shows you are able to:

 

 

Criteria

 

 

 

 

LO1 Understand the

 

1.1

 

 

 

describe the different users of financial statements and

regulatory framework for

 

 

 

 

 

their needs

 

financial reporting

 

 

 

 

 

 

 

 

 

1.2

 

 

 

explain the legal and regulatory influences on financial

 

 

 

 

 

 

statements

 

 

 

1.3

 

 

 

assess the implications for users

 

 

 

 

 

 

 

 

 

 

1.4

 

 

 

explain how different laws/regulations are dealt with by

 

 

 

 

 

 

accounting and reporting standards

 

 

 

 

 

 

 

 

LO2 Be able to prepare

 

2.1

 

 

 

prepare financial statements for a variety of businesses

financial statements from

 

 

 

 

 

from a trial balance, making appropriate adjustments

complete or incomplete

 

 

 

 

 

 

 

records

 

2.2

 

 

 

prepare financial statements from incomplete records

 

 

 

 

 

 

 

 

 

2.3

 

 

 

prepare a consolidated balance sheet and profit and loss

 

 

 

 

 

 

account for a simple group of companies

 

 

 

 

 

 

 

 

LO3 Be able to present

 

3.1

 

 

 

explain how the information needs of different user

financial information in

 

 

 

 

 

groups vary

 

accepted formats for

 

 

 

 

 

 

 

 

3.2

 

 

 

prepare financial statements in a form suitable for

publication

 

 

 

 

 

 

 

 

 

publication by a sole trader, partnership and limited

 

 

 

 

 

 

 

 

 

 

 

 

company

 

LO4 Be able to interpret

 

4.1

 

 

 

calculate accounting ratios to assess the performance

financial statements

 

 

 

 

 

and position of a business

 

 

 

 

 

 

 

 

 

 

4.2

 

 

 

Prepare a report incorporating and interpreting

 

 

 

 

 

 

accounting ratios, including suitable comparisons.


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Details

  • Title: LO1 Understand the regulatory framework for financial reporting
  • Price: £ 79
  • Post Date: 2018-11-10T11:45:32+00:00
  • Category: Assignment
  • No Plagiarism Guarantee
  • 100% Custom Written

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LO1 Understand the regulatory framework for financial reporting LO1 Understand the regulatory framework for financial reporting
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