Practical Activity 3: Practical Activity - Written Assignment Assessment Task You are required / Assignment: You are required to write a factual paper on the management of Finances and Accounting accordance to general accepted accounting principles and interpretation of financial statements in accordance to the set principles and international standards for reporting. The heading of the factual paper should be "Sound Financial and Amounting principles and supervision". The paper should reflect a clear understanding of manage the Finances and Accounting, interpretation of financial statements within the financial/accounting environment, business environment in terms of GAAP, IFRS and other managerial business environmental factors, e.g. external and internal influences. The paper should be authentic, and where appropriate acknowledgement of original writers/authors were pieces of their work is incorporated into the paper. For this activity, you will have to have a sound understanding of all the study guides as per Accounting & Finance/Financial Accounting 1 holistically and also do further research to integrate all concepts to the context of this written assignment, Assessment Environment: Neatly presented computerised written assignment. Neatly typed out with font Calibri, 10" Entire assignment should not exceed more than 4 A4 Pages. Evidence required: Factual Paper written in terms of - Providing a comprehensive overview on the management of finances and accounting practices within an organisation. Providing a comprehensive overview of activities within the finances and accounting practices/Financial Accounting. Explanation on the basic in terms of recording various transactions in different accounting books. Explanation on the basic bookkeeping requirements all organisations all subjected to within South Africa. Explanation on the preparation and presentation of periodic/annual financial reports internally and the advantages of such in terms of performance management, Explanation on the interpretation of financial statements in accordance to set principles and international standards for reporting - internally and externally. Explanation on the supervision of financial/financial accounting management of an organisation. Evidence should be recorded as per set requirements, appropriate within context of Accounting & Finance, Financial Accounting. Evidence can be printed out and attached to the Practical Assessment Guide