Assessment Assessment 2 Outcomes covered 3, 4 and 5 Assessment instructions The financial statements of...

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Accounting

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Assessment Assessment 2 Outcomes covered 3, 4 and 5 Assessment instructions The financial statements of SSP Ltd are attached. SSP is a company operating in the food manufacturing industry. In this assessment you will be expected to prepare and submit one single report which will demonstrate your ability to explain the purpose of a set of financial accounting statements and analyse and interpret the information contained within them. In preparing this report you should examine the financial statements in detail and carry out three tasks. Your report should have an introduction outlining its purpose. Your report shou ld then e at least three sections-one section covering each of the three tasks set in this assessment. Y our report should also include appropriate conclusions/ recommendations. Wherever possible you should attempt to integrate the information within the report Task 1 Prepare a list of four people/organisations who may have reason to use these accounts For each user identified above, describe the purpose for which they require information from these accounts and identify the statement or statements which will answer their needs Task 2 Examine the organisation's statement of financial position and identify the sources of finance employed by the company. Describe the characteristics of each source of finance and categorise them into short, medium and long-term Scottish Qualifications Authority ssessment Support Pack/F84M 34/CASPO01 V3 Business Accounting August 2015

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