Assessment 1

This assessment will be made of eight steps. This is where we are given the opportunity to explain to the reader various areas of the company we have been given for this assessment. Using the details of what the firm does and what our firm’s financial statements reflect we will be able to give and understanding of what is expected.

There are some key points in this assessment that need to be considered.

1. Find the company’s latest annual report and look at what the firm does, gain an understanding of what the firm’s financial statements are saying.
2. Using the last four years of financial statements input into the spreadhseet provided and restate these financial statements ensuring that the operating and financial activities are separated.
3. The last requirement in this is to claculate key ratios for the firm.

The eight steps of the assessment are as follows:

Step 1 – Writing down some ideas, refl;ections and reactons to reading the Preface and Chapter 1 of the Study Guide

Step 2 – Writing down some ideas, refl;ections and reactons to reading the Chapter 2 and Chapter 3 of the Study Guide.

Step 3 – Identifying company,posting on blog background information on company and its industry and commenting on other people’s blogs.

Step 4 – Inputting company’s financial statements into spreadsheet

Step 5 – Restating firm’s financial statements

Step 6 – Writing down some ideas, refl;ections and reactons to reading the Chapter 6 of the Study Guide.

Step 7 – Involves calculating some ratios of the firm and its econmic profit

Step 8 – involves providing and recieving feedback to three other students on their draft assessment.

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