ASSESSMENTS DESCRIPTION Assessment 3: Business Report Assignment Overview: Assessment 3 requires the preparation of a business report with a word limit of 2000 words. The report aims to analyze the financial position of a selected business. Students are tasked with conducting a comprehensive examination of the business's financial performance, including its financial statements, key ratios, and other relevant financial indicators. Assessment Details: 1. Analysis of Financial Position: The report should provide an in-depth analysis of the chosen business's financial position. Key areas to be addressed include the business's profitability, liquidity, solvency, and efficiency. Analysis should encompass an examination of financial statements, such as the income statement, balance sheet, and cash flow statement. 2. Comparison and Benchmarking: Where applicable, students should compare the business's financial performance to industry benchmarks or competitors. Benchmarking can provide valuable insights into the business's relative performance and areas for improvement