ACC1AMD: Accounting For Management Decisions - Veterinary Services Ltd - Accounting Assessment Answer

Subject Code: ACC1AMD

Accounting Assessment Answer

Assignment Task: ACC1AMD Question 1  You run a company that sells dangerous chemicals but you are finding that it is a very competitive industry in which to work due to the costs of disposing of chemicals that can no longer be sold. One of your particularly dangerous chemicals had not been sold for a long time as it had been linked to cancer. Whilst it was written down to zero in the accounting records you had not been able to dispose of it due to its toxicity as this would have cost your business a significant amount that you could not afford and still achieve your desired profit. Through a review of your stock records, it can be seen that the inventory was slowly decreasing every six months despite there being no market for the goods.Given the resulting consequences, do you think reducing nature to a number is beneficial to the environment and accounting? Discuss giving consideration to at least 2 cases and relating them to your business. Your answer needs to be in your own words and correctly referenced to receive full marks. Question 2 You have been provided with the unadjusted and adjusted trial balance for Veterinary Services Ltd as of 30 June 2018. These reports are after trading for up to the year ended 30 June 2018. Question 3 You need to follow the “Assignment Presentation Guide – Company Analysis Guide” available under the “Assignment” tab. Select a company that is not a Bank/Financial institution from the Library database and download the required financial information. Please note: do not select a Bank or Financial institution as these companies have minimum liquidity ratios under law and are not as suitable for this activity.

1. Briefly explain the industry the company operates within and any key regulations to which they must adhere.
2. Write a brief report, using the horizontal analysis data, individually analysing the Profit and Loss, Balance Sheet and Cash Flow  This is to be in your own words and not a report copied from a financial advisor on the internet. 
3. Selecta minimum of ten ratios, ensuring you include a range of liquidity, profitability.
4. Please note only refer to those ratios that are provided on the “ratios” tab, do not attempt to calculate them yourself.
5. Drawan overall conclusion as to whether you would invest in the company and why? 
6. Ensure you include a screen copy of each of the four tabs with your horizontal analysis within
7. you're Where you include them is up to you based on your report presentation.

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