Hi , this is accounting subject assignment. Please make sure you are read everything the course learning outcomes and also the objective. It will help you to understand and know what you doing to do . First thing you have to search in internet find latest financial statements one company in industry. Please whatever you search in internet give me the link . About the one company trending in industry financial statements you are going to answer each question below. There got 3 question. Each question 10 and 20 Mark's ,so please answer with complete sentences and clearly to understand. The question asking about the company that you are chosen. So choose the company got more financial and trending. Before starting to answer please provide a short introduction and conclusion about your view point .Make the answer equal with marks. Give examples, explain,points, picture, diagram with clearly .Elaborate your answer.Make sure label which question is which answer example, question 1 answer . A.answer. B.answer. question 2. A .answer and continue. If got calculation please provide with explanation. Please do the assignment don't avoid simply. Read properly this is the question I have get it form my lecture. thank you .

Course Learning Outcomes: Upon completion of the assignment, the students are able to: 1. Describe the environment, basic concepts, principles and practices of financial accounting in modern management. (C1) 2. Identify Financial Accounting issues and select the best methods to solve them. (C2) 3. Outline and perform the basic financial book keeping. (C3) Objectives: To encourage you to become familiar with: To familiarise students with Accounting as a means of recording, analysing and evaluating economic activity and consequently to equip the students with an appreciation of the importance of detail, dates and accuracy as they relate to accounting transactions and computations. To develop in students a mastery of basic accounting processes, their rules and norms. To develop in students an understanding of accounting principles and techniques and their application to a range of different forms and types of enterprise. Find the latest financial statements of any ONE company in the TRADING industry that are available online (you can use google image to make the search process easier). Please make sure that your financial statements are not the same as your friends'. (Kindly attach the financial statement of the company in the report) From the financial statements, you are required to answer ALL question: QUESTION 1 a) Identify the form of business that the chosen company has and briefly explain on their specification. State the accounting principles that is applied by the company and how does is enhance their business operation. [CLO 1] (20 marks) bj In your opinion, explain why documentation is important in the business operations, regulatory and compliance. [CLO 1] QUESTION 2 a) From the Statement of Comprehensive Income, compare the gross profits and the net profits accordingly and study which elements had contributed to those net profits, Which are the item that contributes the highest in reducing the company's profit and why? What does the net profit margin tell you about the company? Kindly elaborate. Your answer should be as creative as possible. You can use other relevant examples to illustrate your answer. [CLO 2] (20 marks) b) In your opinion, does higher gross profits always lead to good net profits of the company? How good net profits does contributes to the company's performance and its effect to the user of the financial statement. Discuss. [CLO 2] (15 marks) QUESTION 3 a) Using the data from the Statement of Financial Position, study the components of the report. Why the relationship between all the components is very crucial in determining the future sustainability of the companies? You can relate it to the accounting concepts and assumptions. Discuss. You can elaborate your answer with facts and examples. [CLO 3] (20 marks) b) Based on the company's annual report, determine the methods used to do their book-keeping. In your opinion, is there any better ways to improvise the book-keeping method? Suggest any and provide an example. [CLO 3] (15 marks)