Accounting Fundamentals assignment
Date Submitted: 09/09/2006 22:36:57
Category: / Business & Economy / Accounting
Length: 9 pages (2363 words)
Category: / Business & Economy / Accounting
Length: 9 pages (2363 words)
PART A: USING FINANCIAL STATEMENTS
Business Environment
Question 1:
Briefly describe the main operation (activities) of the company.
The main operation of the company Hallenstein Glasson Holdings Ltd is to sell men and women's clothing.
Question 2:
For whom is the annual report prepared. Provide specific referenced information here from the Statement of Concepts.
The annual report is prepared to provide information for external users such as, providers of resources to such entities for example suppliers, lenders, …
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…ARTICLE
David Cairns. (1999 August 23). Not quite standardised: Readers of financial statements should beware when companies claim to comply with International Accounting Standards. London times. Retrieved May 2, 2004, from www.winactec.com.
BOOKS
Denis H. Bourke, Murray J. Smart (2002). Principles of Accounting. (1st ed). Pearson Education NZ Lt: Malaysia.
EXTRACT
Extract from Westwood, M. (2002) Financial Accounting in New Zealand
Issued by the council, NZ Society of Accountants (1993). Statement of Concepts for General Purpose Financial Reporting. (Revised November 2001).
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