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. As part of your training programme your line manager wishes you to investigate the...

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Accounting

. As part of your training programme your line manager wishes you to investigate the financial performance of organisations. You must add a section to the training file. In this section you need to prepare detailed notes for a meeting with your line manager.

The notes should:

2.1 Compare and contrast the financial statements of different types of named organisations

Activity 2.1

AC2.1: Compare and contrast the financial statements of different types of organisations

NOTE: To earn a full score a student should cover all the following:

Financial statements of different kind of organizations (sole traders, partnerships, Private Limited Companies, I.e.- Income statement, Statement of financial position-, Public Limited Companies - annual reports, i.e., General corporate information, accounting policies, Income statement, Statement of financial position, statement of cash flows, notes to the financial statements, chairpersons and directors reports, auditors report). Differences between internal final accounts and the publicly available final accounts of a limited company.

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