Financial Accounting
OTHM Level 4 Diploma in Accounting and Business Qualification code: 603/3805/2 Unit: Financial Accounting Unit code: J/617/3290
The assignment consists of 2 tasks. You are expected to answer all the questions in this assignment.. Remember, all the words you use to answer the questions, including quotations and citations, count.
Any words used that exceed the overall word count for the assignment will not be marked or commented on.
You must provide a reference list and a word count at the end of your work. The reference list is not included in the word count.
Scenario
For the purpose of this assignment you have recently joined the Accounting Faculty at the local University.
As part of the induction programme, all undergraduates complete a short course in the Foundations of Financial Accounting. You have been assigned the role of programme tutor.
In preparation for the course, you need to prepare a range of materials that can used to deliver the programme. To introduce the course, you plan to deliver a presentation to the group and provide the group with a copy of the presentation slides and speaker notes for reference. As the main section of the course will relate to the production of financial accounting records, you have decided to prepare a range of case studies which illustrate the key financial accounting principles.
Task 1 of 2: Presentation (AC 1.2, 3.1 & 3.4)
Instructions
Prepare presentation slides with accompanying speaker notes that you can use to deliver the topic the learners.
The presentation slides and speaker notes must include:
• An evaluation of different inventory methods. • An explanation of the purpose of preparing final accounts for sole traders and partnerships. • An analysis of the financial statements of a specific business organisation.
