Home Solutions 1.1 Explain the role of accounting concepts and standards in financial accounting
We write, we don’t plagiarise! Every answer is different no matter how many orders we get for the same assignment. Your answer will be 100% plagiarism-free, custom written, unique and different from every other student.
I agree to receive phone calls from you at night in case of emergency
Please share your assignment brief and supporting material (if any) via email here at: [email protected] after completing this order process.
The primary theme of the paper is 1.1 Explain the role of accounting concepts and standards in financial accounting in which you are required to emphasize its aspects in detail. The cost of the paper starts from $129 and it has been purchased and rated 4.9 points on the scale of 5 points by the students. To gain deeper insights into the paper and achieve fresh information, kindly contact our support.
ATHE Level 6 Extended Diploma in Management
The unit will enable learners to develop knowledge, understanding and skills in financial and management accounting
1. Understand the principles of financial accounting and reporting
1.1 Explain the role of accounting concepts and standards in financial accounting
1.2 Explain the characteristics of a Public Limited Company’s Income Statement, Statement of Financial Position and Cash Flow Statement
1.3 Evaluate the usefulness of a Public Limited Company’s annual report.
1.4 Assess the roles and responsibilities of Directors and Auditors with regard to published company accounts
1.5 Analyse the usefulness of the elements of a Public Limited Company’s annual report to company stakeholders
2. Be able to apply the principles of financial accounting
2.1 Complete records for a set of financial transactions using books of original entry, double entry accounts and extract a trial balance
2.2 Prepare financial statements for a range of business organisations
2.3 Evaluate the importance of consolidated financial statements used by groups of companies
3. Be able to apply management accounting principles and procedures
3.1 Explain types of costs incurred and pricing methods used by different business organisations
3.2 Prepare and analyse break-even data from business costing information
3.3 Prepare a cash budget from given information