Assessment 2

This assessment is a follow on from Assessment One and will be made of six steps. This will be where we will use the data collected in Assessment 1 to continue on with our 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.

Step 1 – will once again ask us to reflect on and write down our ideas, reflections and reactions to reading Chapter 5 “Predicting the Future” and “Focus on the Enterprise”. Through these reflections look at the KCQ’s

Step 2 – Reflect on and write down our ideas, reflections and reactions to reading Chapter 7 “How to Predict the Future to Eternity” and Chapter 8 “Going Forward”

Step 3 – Involves assessing the firms’s business performance based on ratios for the firm and (its economic profit) that was calculated in Assessment 1

Step 4 – Involves identifying the key economic and business drivers of your the firm’s accounting drivers

Step 5 – involves forecasting for the next five (5) years the key accounting drivers for sales growth, profit major, asset turnover and Return on net operating assets and including these figures in the Key Value Drivers worksheet in spreadsheet. This will then arrive at the valuation of firm.

Step 6 – involves both providing and receiving feedback from three other student in unit in their draft Assessment 2.