Corporate Reporting - Importance of Accounting Concepts - Business Assignment Help

Assignment Task :

Learning Outcomes Assessment Criteria 1. Understand the accounting and 

finance regulatory framework 

ASSIGNMENT  

1.1 Identify the main sources for regulatory framework

1.2 Evaluate the impact of the accounting and finance regulatory framework on business organisations

1.3 Assess areas of abuse and exploitation in accounting and financial reporting

2. Understanding accounting concepts, principles and theories 

2.1 Identify key accounting concepts, principles and theories

2.2 Analyse the importance of accounting concepts, principles and theories

3. Be able to prepare and interpret accounting information 

3.1 Prepare accounting information

3.2 Interpret published accounting information

3.3 Assess published accounting information

4. Be able to demonstrate specific policies, practices and regulations within corporate accounting 

4.1 Identify specific policies, practices and regulations within corporate accounting

4.2 Review accounting regulations for a named business sector

4.3 Critically assess the key accounting practices and policies identified for a named business sector 

Tasks: 

Prepare a formal business report, to be presented to the Directors of your chosen company. You must include the following: 

1. An identification of the main sources for regulatory framework, accounting and corporate concepts, principles and theories. (1.1, 2.1 ) 

2. An explanation of the impact of the accounting and finance framework on business organisations in general and your chosen company. (1.2 ) 

3. Identify, review and assess specific policies, practices and regulations for your business and the business sector it operates within. (4.1 ) 

4. An assessment of areas of abuse and exploitation in accounting and financial reporting. 

5. An assessment of the importance of accounting concepts, principles and theories. (2.2)) 

6. An interpretation and assessment of the published accounting information of your chosen company. You should prepare additional accounting information, for example ratios, in your interpretation and assessment. 

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