Prepare financial statements from a given trial balance for sole traders, partnerships and not - for -
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Prepare financial statements from a given trial balance for sole traders, partnerships and notforprofit organisations, to meet accounting principles, conventions, and standardsCalculate and present financial ratios from a set of final accounts Compare the performance of an organization over time using financial ratios.
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D-Financial statements for calculating, comparing, and evaluating ratios using range of measures and benchmarks: Worst 0.5 0.5 10% 10% Current ratio Quick ratio Return on capital employed Return on equity Interest coverage (PBIT/Interest) 10 times Debt equity ratio (Debt/Equity) Less than 1 time Income Statement For the year ended Revenue Cost of Sales Gross profit Operating Expenses Operating Profit Interest Payable Profit before Taxation Taxation Profit for the year Non-Current Assets: Property Plant and Equipment Total Non-current assets Current Assets: Inventories Trade Receivables Cash at Bank Total current assets Total Assets Best Average 1.5 1 1.5 1 25% 15% 25% 15% 5 times less than 5 times 1 time 1.5 times Equity Share Capital Retained Profits Statement of financial position as at 31 December OMR OMR 2021 2020 000 000 Non-Current Liabilities Bank Loan Current Liabilities: Trade payables Bank overdraft Total of Equity & Labilities 2021 2020 OMR OMR '000'000' 14800 13500 5600 6500 9200 7000 1100 900 8100 6100 150 85 7950 6015 65 50 7885 5965 11540 12370 11540 12370 300 150 1500 1000 75 1800 1225 13340 13595 11820 12510 600 600 500 310 320 175 100 13340 13595 D-Financial statements for calculating, comparing, and evaluating ratios using range of measures and benchmarks: Worst 0.5 0.5 10% 10% Current ratio Quick ratio Return on capital employed Return on equity Interest coverage (PBIT/Interest) 10 times Debt equity ratio (Debt/Equity) Less than 1 time Income Statement For the year ended Revenue Cost of Sales Gross profit Operating Expenses Operating Profit Interest Payable Profit before Taxation Taxation Profit for the year Non-Current Assets: Property Plant and Equipment Total Non-current assets Current Assets: Inventories Trade Receivables Cash at Bank Total current assets Total Assets Best Average 1.5 1 1.5 1 25% 15% 25% 15% 5 times less than 5 times 1 time 1.5 times Equity Share Capital Retained Profits Statement of financial position as at 31 December OMR OMR 2021 2020 000 000 Non-Current Liabilities Bank Loan Current Liabilities: Trade payables Bank overdraft Total of Equity & Labilities 2021 2020 OMR OMR '000'000' 14800 13500 5600 6500 9200 7000 1100 900 8100 6100 150 85 7950 6015 65 50 7885 5965 11540 12370 11540 12370 300 150 1500 1000 75 1800 1225 13340 13595 11820 12510 600 600 500 310 320 175 100 13340 13595
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