Preview

Efma Guideline

Powerful Essays
Open Document
Open Document
1739 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Efma Guideline
NANYANG POLYTECHNIC School of Business Management

2012/13 Semester 2 BM0075 Essentials of Financial & Management Accounting ICA 2 – Project Guidelines

Date of issue: Week beginning 12 Nov 2012 Date of submission: 13 Dec 2012, Thursday, 4pm

1.

PROJECT GUIDELINES

1.1

Project Outline

This project constitutes 20% of the total assessment for the module, BM0075 – Essentials of Financial & Management Accounting. This project covers the topic “Published Financial Statements – Financial Analysis” taught in this semester. Students will submit on a group basis a type-written report including Excel spreadsheets on financial ratios computation. This project is designed for you to be resourceful and analytical. The ability to work in a team is important, thus brainstorming and group meetings are essential. Report writing and ability to integrate the various financial concepts will reflect the level of understanding of the topic. 1.2 Objectives

This project seeks to provide the following learning objectives: 1. Compute, interpret & analyse published financial statements for decisionmaking. 2. Use Excel to compute financial ratios. 3. Report and communicate the analysed accounting information. 4. Research using online data retrieval systems like Reuters, Bloomberg or Dow Jones and the Internet to obtain key business information on the company, its industry, as well as the country’s economic indicators. 1.3 Administrative guidelines 1. This project is to be completed by each project group, comprising 4 to 5 students. Grouping of students will be randomised by drawing lots, under the supervision of your module tutor. 2. You are to use the financial statements of a private limited company (referred to as “private company”) and the financial statements of a company listed on the Stock Exchange (referred to as “listed company”) to do the project. The financial statements of the private company will be published in Blackboard in the week beginning 12 Nov 2012.

You May Also Find These Documents Helpful

  • Good Essays

    Leslie Fay Case

    • 2643 Words
    • 11 Pages

    The use of financial ratios assists the auditor in analyzing any unusual deviations from the expected results, (Gupta, 2004). The financial ratios are then compared with the entity 's ratios for prior periods as well as with ratios for other businesses in the same industry. A comparison with the industry ratios would have warned BDO of some irregularities in Leslie Fay 's financial statements. BDO Seidman should have been interested some important ratios that would help in determining the accuracy of the financial statements that had been prepared by Polishan and his staff. The important ratios include the liquidity ratios, the profitability ratios and the operating ratios, the leveraging ratios and the solvency ratios. Of higher importance should have been the profitability apart from the gross profitability ratio.…

    • 2643 Words
    • 11 Pages
    Good Essays
  • Better Essays

    Financial statements provide documentation of a company’s financial history for a set timeframe. One of the financial statement used by investors, creditors, and mangers is the balance sheet. The second statement used by accountant’s income statement, which is also important to shareholders. The third statement is the retained earnings statement, and the fourth financial statement is the statement of cash flows. Each financial statement has a different purpose and shows different aspects of the company’s finances. However, these financial statements are integrated and work together to provide shareholders financial information. This paper will defines the four financial statements while explaining the financial statement most suitable for either an investor, creditor, or management.…

    • 910 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Acct 557

    • 6881 Words
    • 28 Pages

    This course provides a framework for financial accounting concepts and practices used by internal and external users in businesses. Topics presented include the accounting cycle, financial reporting, financial statements analysis, ratio calculation and interpretation, and management decision making based on financial results.…

    • 6881 Words
    • 28 Pages
    Powerful Essays
  • Powerful Essays

    Chapter 02 - Financial Reporting and Analysis Chapter 2 Financial Reporting and Analysis REVIEW Financial statements are the most visible products of a company‘s financial reporting process. The financial reporting process is governed by accounting rules and standards, managerial incentives, and enforcement and monitoring mechanisms. It is important for a user of financial information to understand the financial reporting environment along with the accounting information presented in financial statements. In this chapter, the concepts underlying financial reporting are discussed with special emphasis on accounting rules. Next the purpose of financial reporting is discussed – its objectives and how these objectives determine both the quality of the accounting information and the principles that underlie the accounting rules.…

    • 16407 Words
    • 66 Pages
    Powerful Essays
  • Powerful Essays

    Welcome to Accounting and Financial Management 1A. In this first lecture you will be introduced to the lecture staff on the course and be given the Course Outline. We will be outlining the objectives of the subject, its structure and requirements as described in the Course Outline and answer…

    • 3518 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    Annual Report Group Project

    • 2414 Words
    • 10 Pages

    The purpose of this group project is to familiarize students with the contents of annual reports, especially the financial section of the report. The project consists of a series or questions that pertain to various topics that are covered in the course.…

    • 2414 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    International Accounting

    • 1598 Words
    • 7 Pages

    Prescribed textbook – Contemporary Issues in Accounting Drever, M., Stanton, P. and McGowan, S. (2007) Wiley and Sons. Recommended text: – Accounting Handbook 2009 Other readings – Access and available through Blackboard – Journal articles are available through the Library (if not claimed otherwise) – Copies handed out in class…

    • 1598 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    "Manufactured Homes" Case

    • 1481 Words
    • 6 Pages

    2. Repossession rates were significantly lower than those of the industry, since its customers were likely to work very hard to keep their primary residences, even when times were bad.…

    • 1481 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Fe429 Notes

    • 1527 Words
    • 7 Pages

    Be comfortable looking through a financial report Be able to critically evaluate performance of companies using financial statements. Class format    Lecture + problem solving Come to class prepared!…

    • 1527 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Topics 1. 2. 3. 4. 5. 6. Conceptual framework– general. Objectives of financial reporting. Qualitative characteristics of accounting. Elements of financial statements. Basic assumptions. Basic principles: a. Measurement. b. Revenue recognition. c. Expense recognition. d. Full disclosure. Accounting principles– comprehensive. Constraints. Assumptions, principles, and constraints. 28, 29, 30 10 11 Questions 1, 7 2 3, 4, 5, 6, 8 9, 10, 11 12, 13, 14 15, 16, 17, 18 19, 20, 21, 22, 23 24 25, 26, 27 1, 2, 3, 4 6, 11, 13 5, 7 8, 9, 12 8 8, 12, 8, 12 1, 2 2, 3, 4 5 6, 7 6, 7 7 6, 7 6, 7, 8 9, 10 3, 6, 7 6, 7 12 5, 6 5, 6 5, 6, 7, 8, 9, 11 11 Brief Exercises Exercises Concepts for Analysis 1, 2 3 4, 10…

    • 18492 Words
    • 74 Pages
    Powerful Essays
  • Powerful Essays

    study guide

    • 1085 Words
    • 5 Pages

    While listed as an accounting course, this course is more concerned with the economic and managerial use of accounting information than it is with the generation of accounting numbers. The need to make financial plans and to make sound financial decisions arises frequently in both our personal and our professional lives. This course introduces concepts of financial analysis, which address this need. When you have successfully completed this course you will have a sound basic understanding of how accounting information is used in the economic conduct of any enterprise.…

    • 1085 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Accounting Syllabus

    • 3900 Words
    • 16 Pages

    Note: Send all queries related to the course material to Weiwei Wang (email: wxw107020@utdallas.edu). She will get back to you within 24 hours. If she does not do so, then send me an email. Weiwei will try to address your questions and, if needed, discuss your questions with me and will get back to you with answers. Course Pre-requisites, Co-requisites, and/or Other Restrictions There are no pre-requisites for this class. Course Description This course provides an introduction to the concepts of financial accounting with an emphasis on the interpretation of financial statements. Specifically it covers how to prepare financial statements (income statement, balance sheet, and statement of cash flows) and how to utilize information contained in financial statements. The course also covers in detail how financial statements report the financial effects of certain important types of transactions that firms commonly undertake. Student Learning Objectives/Outcomes  Summarize the information provided by the balance sheet, income statement and statement of cash flows and interpret individual amounts  Compute financial ratios and use financial ratios and other information to compare companies competing in an industry in terms of profitability and liquidity  Recognize ethical issues in reporting financial results and assess the impact of these issues on shareholders and other external users of the information Text: Introduction to Financial Accounting, 10th ed. (ISBN: 0136122973), C. Horngren, G. Sundem, J. Elliott and D. Philbrick, Prentice Hall. Cases in Financial Reporting, 7th ed, Engel, Hirst and McAnally, Cambridge Business Publishers. (Note:…

    • 3900 Words
    • 16 Pages
    Powerful Essays
  • Powerful Essays

    Pre-requisite Courses and Assumed Knowledge and Capabilities None Course Description Accounting for Management Decisions provides postgraduate, non-accounting students with an understanding of the role of accounting as a system of information gathering and reporting that plays an important role in business decision-making. This course is specifically designed for students with little or no prior knowledge in accounting. Objectives/Learning Outcomes/Capability Development The major learning outcomes for this course is that you should have enhanced your understanding of and developed your ability to use financial, non financial and management accounting concepts and terminology in business decision-making. Successful completion of this course means that you are expected to be able to: Use accounting in business decision-making Explain the 3 financial reports Apply major types of financial ratio analysis Use major techniques of Financial & Management accounting Understand contemporary management accounting systems…

    • 2381 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    The main aim of this assignment is to present an exploration of two major parts of financial statements i.e. Statement of Comprehensive income and statement of financial position. This is done by comparing elements of Balance Sheet and income statement of two separate companies and discussing similarities and difference of Presentation and Disclosures of these two separate organizations.…

    • 2711 Words
    • 11 Pages
    Powerful Essays
  • Best Essays

    Elliot, B. & Elliot, J., (2009), Financial Accounting And Reporting, 13th edn, Harlow, Pearson Education Ltd.…

    • 385 Words
    • 2 Pages
    Best Essays