Question 1

a) Identify and explain two possible benefits and two possible limitations of ratio analysis. (Max. 120 words)

Question 1

b) Describe how pressure exerted on senior management by shareholders and other parties may impact the accuracy of financial statements. (Max. 50 words)

Question 1

c) Suggest one action management can take to mitigate the risk of fraud occurring when financial statements are being compiled. (Max. 50 words)

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Question 1

d) View the most recent annual report for Marks &Spencer. This can be found by visiting their website.

Do you think M&S is performing well as a business? Provide three examples or arguments from the annual report to justify your answer. You may use any information found in the report to support your answer. (Max. 100 words)