Question: Part 1 - Four questions (50 marks) Based on your review of the Eye Foundation (a fictional charity) annual report and financial statements for the

Part 1 - Four questions (50 marks) Based on your review of the Eye Foundation (a fictional charity) annual report and financial statements for the period ended 31 March 2020, please answer the following questions: b) Identify four areas where the financial statements (including notes) are fully in line with the SORP's requirements, and identify four areas where the financial statements (including notes) fail to meet the requirements of the SORP. Marks will be given to answers focusing on those aspects of accounting treatment and disclosures which are most important to a reader of the TAR, marks will not be awarded for those that are not important or trivial. (8 marks) Part 1 - Four questions (50 marks) Based on your review of the Eye Foundation (a fictional charity) annual report and financial statements for the period ended 31 March 2020, please answer the following questions: b) Identify four areas where the financial statements (including notes) are fully in line with the SORP's requirements, and identify four areas where the financial statements (including notes) fail to meet the requirements of the SORP. Marks will be given to answers focusing on those aspects of accounting treatment and disclosures which are most important to a reader of the TAR, marks will not be awarded for those that are not important or trivial. (8 marks)
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