Business Accounting and Finance Value Measurement Assignment

Assignment Task

Questions

1. This (summative) assignment tests your understanding of the architecture of financial statements and the differences between cash and profit as they relate to key accounting concepts and conventions, and how they influence the measurement of value.

2. The Managing Director of your chosen organisation was challenged at the last Annual General Meeting by stakeholders who claimed that the statement of financial position is not a reliable or informative statement and is very limited in terms of the financial position it claims to represent. You are required to substantiate such a viewpoint through an analysis and application of underlying accounting standards in your organization. 

3. You have been asked by your Managing Director, who has no accounting background and a tendency to turn to data for answers, to undertake a financial ratio analysis of your chosen organisation. You should follow the conventions outlined at the virtual workshops to undertake financial ratio analysis and present the results visually in no more than three figures/graphs.

4. The Managing Director has recently heard about a governance framework that reflects purposeful procedural logics to embrace ambiguity and uncertainty (Quattrone, 2015). Upon viewing your visuals of financial performance in question 2 (above), the Managing Director has asked you to: 3(a) critically discuss the limitations of reducing complex phenomena down to numbers and numerical calculations (such as financial ratios) and 3(b) Discuss what this means for the measurement of business value in your organisation and how and to what extent numerical calculations can be useful in coping with uncertainty.

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