This website uses cookies to ensure you have the best experience. Learn more

Financial Reporting And Analysis

5988 words - 24 pages

Financial Reporting and Analysis DE5G 35

Assessment Exemplar for Higher National Unit
DE5G 35: Financial Reporting and Analysis

1st edition: May 2004 Price: £20.00 Publication code: CB 1989

Published by the Scottish Qualifications Authority, Hanover House, 24 Douglas Street, Glasgow, G2 7NQ, and Ironmills Road, Dalkeith, Midlothian, EH22 1LE The information in this publication may be reproduced to support SQA qualifications. If it is reproduced, SQA should be clearly acknowledged as the source. If it is to be used for any other purpose, then written permission must be obtained from the Support Materials Development Officer at SQA. It must not be reproduced for trade or commercial ...view middle of the document...

It is also very important that you note that using this assessment exemplar does not automatically guarantee successful external moderation. It is still your responsibility to make sure that all the appropriate internal quality assurance procedures are satisfactorily completed. For example, a valid, effective and approved internal moderation system must be in use at your centre.

Recommended reading
Before using this material you might find it useful to look at some of our other publications, in particular:
♦ ♦ ♦

Guide to Assessment and Quality Assurance for Colleges of Further Education (AA0841/3, September 2003) Guidance on Special Assessment Arrangements (AA0645/4, September 2003) Quality Assurance Principles, Elements and Criteria (A0798, December 1998)

Details of these and other SQA publications are available in SQA Information, our publications catalogue which is updated and printed twice a year (telephone: 0845 279 1000). SQA Information lists all published HN assessment exemplars. You could also visit our website at www.sqa.org.uk. A free copy of this pack is available to all SQA approved centres at the time of initial distribution. Additional copies can be obtained, price £20.00, from SQA’s Customer Contact Centre, Scottish Qualifications Authority, 24 Douglas Street, Glasgow, G2 7NQ (telephone: 0845 279 1000 or fax: 0141-242 2123).

Scottish Qualifications Authority Assessment Exemplars for Higher National Units

1

DE5G 35: Financial Reporting and Analysis

Other related Units
This Unit has been validated as part of the HNC/HND Accounting Group Award at level 8 within the Scottish Credit and Qualifications Framework (SCQF).1 Centres are required to develop the assessment instrument in accordance with the validated Unit specification. Related Units are: Unit code DE5D 34 DE5C 34 SCQF level 7 SCQF level 7 Title Recording Financial Information Preparing Final Accounts

Core Skills
Where Core Skills have been embedded in a Unit specification and an Assessor wishes to use an alternative method of assessment, she/he must ensure that the assessment generates the Evidence Requirements specified in the Unit specification. It is recommended that the centre seek prior moderation for the alternative method to ensure that the Core Skill is still covered. The Unit specification will detail the Core Skills covered within the Unit.

The SCQF provides the national common framework for describing all relevant programmes of learning qualifications in Scotland. The level a qualification is assigned within the framework is an indication of how hard it is to achieve. There are 12 levels, from level 1 for Access 1 through to level 12 for doctorates. For further information on the level and credit rated see the Unit specification.

1

Scottish Qualifications Authority Assessment Exemplars for Higher National Units

2

DE5G 35: Financial Reporting and Analysis

2

How to generate evidence
Introduction
The Scottish...

Other Papers Like Financial Reporting And Analysis

Howssdat Essay

495 words - 2 pages of Supply and Demand B. The Firm and Industry Organization C. Measuring National Income and Growth D. Business Cycles E. The Monetary System F. Inflation G. International Trade and Capital Flows H. Currency Exchange Rates I. Monetary and Fiscal Policy J. Economic Growth and Development K. Effects of Government Regulation L. Impact of Economic Factors on Investment Markets IV. Financial Reporting and Analysis A. Financial Reporting

Rsm220-Week 01 Slides Essay

2259 words - 10 pages Chapter 1 The Canadian Financial Reporting Environment Prepared by: Dragan Stojanovic, CA Rotman School of Management, University of Toronto The Canadian Financial Reporting Environment Role of Financial Reporting • Financial statements and financial reporting • Accounting and capital allocation •Stakeholders Objective of Financial Reporting •Management bias •Users’ needs Standard Setting • Need to develop standards • Parties involved

Goodwill Impairment

1275 words - 6 pages value”. Further, a similar affect to the bank obligations would be management not wanting to record a loss which negatively affects financial statements and in turn management compensation. ASC 350-20-35-29 states that the fair value of a reporting unit may be carried forward from one year to the next if all of the following criteria have been met: a) the assets and liabilities that make up the reporting unit have not changed significantly

Hdassignment

1166 words - 5 pages Assignment 1 Introduction According to AASB, the financial reporting about a reporting entity that provide to users who lack knowledge about information and the it also reflect an entity perspective focussing on the needs of all capital provides, not just equity investors. The financial statement must truly reflect the qualitative characteristics of information (Leo et al, 2009). However, IASB and FASB try to develop a new conceptual framework

Conservation

1707 words - 7 pages , Australia) generally have more conservatism than code law countries (France, Germany, Japan). 4.0 Empirical Methods used by researchers 4.1 Regression analysis Regression analysis is the most commonly used method by researchers to determine and measure conservative financial reporting. A brief introduction to regression analysis with a short explanation of its merits and drawbacks will be given in this section. The objective of regression

No Title

613 words - 3 pages SAP FICO: SAP FICO Stands for FI (Financial Accounting) and CO (Controlling). SAP FICO is the important module of ERP and both FI and CO modules stores the financial transactions data. ◾SAP FI is the important module of all SAP implementations ◾SAP FI (Financial Accounting) is used for external reporting i.e. Balance sheet, Profit and Loss statements ◾SAP FICO Module integrates with various other SAP Modules such as MM (Materials Management

Pggna Account Details

755 words - 4 pages PGDM I Semester I MANAGEMENT ACCOUNTING -1 (MA-1) 1. Course Objective: The objective of the course is to acquaint the students with the language of Accounting and to develop in them the ability to evaluate and use accounting data as an aid to decision making. The main purpose is to assist the students in developing skills in problem solving and decision making in the financial area. Emphasis is laid on analysis and utilization of

Critical Thinking

521 words - 3 pages I'll be reviewing Disney 2011 annual report, current business operations and further business opportunities . The main sections of an annual report include the financial statements, the managements discussion and analysis, notes to the financial statements, and a auditors report. Financial statements consists of four different statements. The income statements reports a company success or failure for a given time period. A balance sheet reports

Ifrs 13 Summary

302 words - 2 pages IFRS 13 Summary: Differences between IFRS 13 and Topic 820 under US GAAP •Largely consistent with Topic 820. •IFRS 13 goes further than US GAAP by requiring a quantitative sensitivity analysis disclosure for Level 3 financial instruments that are measured at fair value •IFRS 13 does not currently provide guidance on Investment Company accounting. Topic 820 provides guidance on investment company accounting •Minor wording and styling

Week 1 Cpa Report

743 words - 3 pages . • The procedures for reporting accounting changes and error corrections. According to Kieso, Weygandt, and Warfield (2007, Ch. 22), and the Financial Accounting Standards Board [FASB], reporting accounting changes should be done using the retrospective approach. The retrospective approach reflects the changes done in previous financial statements so that they are more comparable. To report these changes first the corporation adjusts each prior

Finiancials

1131 words - 5 pages the auditors advised them that the approach wasn’t in compliance with the international financial statement reporting, they refused to change the accounting method and make revisions. Their primary concern was based on the effect the change would have had on reported revenue for that half of 2005 and thus the market price/ valuation of the company's stock which traded on the Karachi Stock Exchange (KSE). MANAGEMENT & BOARD OF DIRECTORS

Related Essays

Financial Analysis And Forecast Report

694 words - 3 pages Financial Analysis and Forecast Report Drexel D Brown American InterContinental University Financial Management (FINA310-1602B-02) 5/8/2016 Financial Analysis and Forecast Report Introduction In the financial aspect of accounting and forecasting many mathematical computations are utilized to form data sheets that assist managers and shareholders evaluation of the firm’s current/future financial position. Financial data is also analyzed

Financial Reporting

6334 words - 26 pages Executive summary This report has three main parts. Firstly, I describe the different users (Stakeholders) of Finance statements and their needs and assess the implications for users of financial statement. Then, I explain the legal and regulatory influences on financial statements preparation like Companies Acts. After that, I describe how different policies are dealt with by accunting and reporting standard including FRS, IASB

Ethics In Financial Reporting

536 words - 3 pages practice? Or, is it the accountants, who may go along with recording and reporting such transactions? Or is it the auditors, who do not discover or look the other way and ignore the effects of transactions on the financial statements? Be sure to discuss the ethical obligations of each group in answering the question. I believe that the accountants and auditors are responsible for earnings management because the public relies on the integrity and

Differences In Financial Reporting Practices

815 words - 4 pages The basic cause of international difference in financial reporting practice is the different degree of interference by governments in accounting. It is understood that “International Financial Reporting Standards (IFRS)” has been adopted in many countries around the world, as a minimum for the companies that are obliged for financial reporting. IFRS has been implemented in nearly one hundred and fifteen countries around the world, whilst