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Information relating to the most recent financial year:

Notes to SPoL:

Expenses - Sales and Distribution People Costs 1,123 Marketing 1,474 Distribution & Packaging 750 Depreciation 250 Total 3,597 Expenses - Administration People Costs 454 Rent 250 Depreciation 155 Other 100 Total 959 Tax 20%

Information relating to the most recent financial year:

Notes to SoFP:

Technology Cost 1,200 Accumulated Depn 550 Furniture and Equipment Cost 800 Accumulated Depn 328 Investments 0 Trade and Other Receivables Trade Receivables Days 10 Trade Receivables (inc VAT) 329 Prepayments 70 Other 20 Trade and Other Receivables 419 Trade and Other Payables Trade Payables Days 28 Trade Payables (inc VAT) 460 Accruals 300 VAT Control 99 Other 50 Trade and Other Payables 909

S4A Forecasting Assumptions

Requirements:

Create forecasts in Excel for the next TWO accounting years (X1 and X2) using the data provided, for your designated company and scenario.

The forecasts should include the following:

• Statement of Profit or Loss (IAS1 compliant)

• Statement of Financial Position (IAS1 compliant)

• Statement of Cash Flows (IAS7 compliant)

• Appropriately detailed notes and schedules to support the core financial statements

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