I need it as financial statements

Exercise 1.11: Compass Museum (Statement of financial position preparation) Workings: Note these figurs blow on from Euertie 1:7 so you might need to reter to the way that the stakment of Grimoial perfomanot was constructed in that exampin as you nonk twough this saarple. Prepayment is the 850,000 for tao monts 'insurince payments thut relase is daruary and February 20x1. Buldings are shown nel of accumblated depreciation induding this years This workbook has infroduced you to the IPSAS requirements for fnancial stalements. You =ll find If useful to conplels al of the folowing exerciaes in oraer to undertand how the francial btalements are prepared, and the ielabenship tetween the stakements of tinancial petomance. and financial posisen. You may find it usetul to use the black pro forma Inancial statements provided in the afpendi. Exerche 2.13: Ae Trade Agency The folowing necords have bee taken from the vial balavce of the AB Trade Agency for the yeor ended 31 Decenber 2cove. Aecruals bast financial staternents - an introduction Page 23 Certificate in fettemationaf Public Sector Accoueting Standards Further indormation: 1. Depreciation has wea oo be accoulied for The agency depreciates an buldigs over ap years using the straight lne basis, and its if assets using the reduing balance basis it in tabe of 35\%. The Agency's sothware uperades are fot weated at nosenment anses but are charged as an expense in the year 2. The long lertn lom is to be tepaid at the end of fre years and the inlerest rale to be appled in 5\%. No interest has so tar been paid on this loan for 2000. 3. The insurasce expendbure includes a prepeymont of +5.000 tor the peiod up to 20 Februsy 206. 4. A pay horease was announced on 1 danuary 20x and an is to be appled neboupectiely fom 1 December 2oxob. The cost of the increse for 206 is Ges, doo 5. On th Lanuary 2008. a fire destioyed ta00.000 of the invertories. C2.000 had ceased tradirg and it as urlikely that the Agency will receice ary of the moner owed to it. 7. On the last day of the year, the povemment trarifened caso, 000 adssonal captal to the ighey. This has rot been inctuded in the above trial balance. Futher information; 1. Depereiaton fus wila is te ascoumted for. The agency depreciates it buldings ever 49 years using the straght line basis, and its if assets ubing the reducing balance basit at an fime of 35\%. The Agencys sofiware upgades are not veated am not-eurnent asets bur are charged at an expense in the year. 2. The long term lom in to be repaid at the end of fre yean and the interest rate to be appled is 5%. No interest has so tar been pad on this loan for 26x. 3. The insuance expendture includes a preperyment of C1.000 tor the periot up to 26 Februmy 20xa. 4. A pay increase was announced on 1 lanuary 20x7 and it is to be apeled retrospetrely 5. On th danuary 2007. a fire destroyed C400.000 of the inverbories. 6. On 31 danuary 20x7, a leter was received stabig that a company bat eeed bie Aoency C. 2.000 had ceased bading and it is unlikely that the Agency wet feceive ary of the moner awed to l. 7. On the last day of the year, the govem=ent trantened 8360,000 aastional capiat bs the money. This hat ret been included in the above trial balanec. Requirement From the informason above peppere a statement of Sinaneial perlormanoe for the Af Trade Agency for he year ended 31 December 20006 and a stalement of francial position at that dole Exercise 1.11: Compass Museum (Statement of financial position preparation) Workings: Note these figurs blow on from Euertie 1:7 so you might need to reter to the way that the stakment of Grimoial perfomanot was constructed in that exampin as you nonk twough this saarple. Prepayment is the 850,000 for tao monts 'insurince payments thut relase is daruary and February 20x1. Buldings are shown nel of accumblated depreciation induding this years This workbook has infroduced you to the IPSAS requirements for fnancial stalements. You =ll find If useful to conplels al of the folowing exerciaes in oraer to undertand how the francial btalements are prepared, and the ielabenship tetween the stakements of tinancial petomance. and financial posisen. You may find it usetul to use the black pro forma Inancial statements provided in the afpendi. Exerche 2.13: Ae Trade Agency The folowing necords have bee taken from the vial balavce of the AB Trade Agency for the yeor ended 31 Decenber 2cove. Aecruals bast financial staternents - an introduction Page 23 Certificate in fettemationaf Public Sector Accoueting Standards Further indormation: 1. Depreciation has wea oo be accoulied for The agency depreciates an buldigs over ap years using the straight lne basis, and its if assets using the reduing balance basis it in tabe of 35\%. The Agency's sothware uperades are fot weated at nosenment anses but are charged as an expense in the year 2. The long lertn lom is to be tepaid at the end of fre years and the inlerest rale to be appled in 5\%. No interest has so tar been paid on this loan for 2000. 3. The insurasce expendbure includes a prepeymont of +5.000 tor the peiod up to 20 Februsy 206. 4. A pay horease was announced on 1 danuary 20x and an is to be appled neboupectiely fom 1 December 2oxob. The cost of the increse for 206 is Ges, doo 5. On th Lanuary 2008. a fire destioyed ta00.000 of the invertories. C2.000 had ceased tradirg and it as urlikely that the Agency will receice ary of the moner owed to it. 7. On the last day of the year, the povemment trarifened caso, 000 adssonal captal to the ighey. This has rot been inctuded in the above trial balance. Futher information; 1. Depereiaton fus wila is te ascoumted for. The agency depreciates it buldings ever 49 years using the straght line basis, and its if assets ubing the reducing balance basit at an fime of 35\%. The Agencys sofiware upgades are not veated am not-eurnent asets bur are charged at an expense in the year. 2. The long term lom in to be repaid at the end of fre yean and the interest rate to be appled is 5%. No interest has so tar been pad on this loan for 26x. 3. The insuance expendture includes a preperyment of C1.000 tor the periot up to 26 Februmy 20xa. 4. A pay increase was announced on 1 lanuary 20x7 and it is to be apeled retrospetrely 5. On th danuary 2007. a fire destroyed C400.000 of the inverbories. 6. On 31 danuary 20x7, a leter was received stabig that a company bat eeed bie Aoency C. 2.000 had ceased bading and it is unlikely that the Agency wet feceive ary of the moner awed to l. 7. On the last day of the year, the govem=ent trantened 8360,000 aastional capiat bs the money. This hat ret been included in the above trial balanec. Requirement From the informason above peppere a statement of Sinaneial perlormanoe for the Af Trade Agency for he year ended 31 December 20006 and a stalement of francial position at that dole