PART “A” (10 marks) – A computerised task using QuickBooks software:
To access the data necessary to complete Assessment Task 2, part “A”, please follow the instructions below
PART “B” – A report to the company’s director
Based on your financial statements and other available information write a report to the director and analytically discuss and comment on the following issues:
i. Financial position and financial performance of the company for the period of July 2014 (e.g. using appropriate financial ratios). When analysing the financial position and performance of the company, consider the changes in financial ratios of the company over the two periods (June-July 2014). The figures for June 2014 were: Sales, $63,740; Cost of Sales, $30,900; operating expenses, $28,600.
ii. Company’s accounting information system strengths and weaknesses (e.g. accounting methods).
iii. Overall company’s operations strengths and weaknesses (e.g. Suppliers/Customers).
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