Question: task is the bottom page, even if you answer one of them it is okay Task 1 - Analytics plc Income Statement for Analytics ple

task is the bottom page, even if you answer one of them it is okay  task is the bottom page, even if you answer one of
them it is okay Task 1 - Analytics plc Income Statement for
Analytics ple for the year ending 30/6/23 Statement of Changes in Equity
for Analytics plc for the year ending 30/6/23 Current Liabilities Trade and
other payables Corporation tax Total Current Liabilities TOTAL EQUITY AND LIABILITIES 150.7042.31193.011158.8073

Task 1 - Analytics plc Income Statement for Analytics ple for the year ending 30/6/23 Statement of Changes in Equity for Analytics plc for the year ending 30/6/23 Current Liabilities Trade and other payables Corporation tax Total Current Liabilities TOTAL EQUITY AND LIABILITIES 150.7042.31193.011158.8073 150.7042.31193.011158.8073 Notes to the Accounts The share price at the end of the year is 250p per share. Task 3 - Basit Buildings Ltd Basit Buildings Ltd has a newly constructed building which it has included in the accounts at 1,100,000. Costs associated with the building include: - 0000 to find the ideal location - 10,000 site preparation costs - 1,050,000 to the builders 8%800,000 bonds were issued on 1 June 2022 to help pay for the building. Site finding and preparation costs were paid out prior to the issue of the bonds. On 1 June 2022,600,000 of the bonds was paid to the builders and the remaining 200,000 was invested in a 2% per annum savings account. Eight months later, when the building was completed, the funds were withdrawn from the savings account and used to partially pay the final instalment to the builders when the building was completed. Task 4 - Incomplete plc Incomplete plc's year end is 31 December 2022. Situations: 1. An employee is suing Incomplete plc for constructive dismissal after the company failed to stop bullying and harassment by management. Incomplete plc's legal team think the employee will probably win the case and be awarded a total of 500,000. 2. A previously profitable contract is now making f10,000 loss per month. The contract ends on 30 June 2023. Incomplete plc has decided to continue with the contract as the cost of cancelling it is over f200,000. 3. On 10 January 2023, the company learned that a major customer had gone into liquidation. At the year end, the customer owed f40,000. 4. The directors were informed on 27 February 2023 , that a serious fire at one of their factories the previous week would stop production for at least six months to come, with a total cost of 2 million. Statement of cash flows for Incomplete plc for year ended 31 January 2023. Ni ne of the tasks will require you to access information from a separate ovas assignment box called "Portfolio Addendum". Task 1. Using the data provided for Analytics plc (see Portfolio Addendum), calculate eitherratios in list A or the ratios in list B (your choice of list!). Remember to state the ratio name, the equation in words and show your calculations. You can choose: UST A: Return on capital employed (ROCE), gross profit margin, current ratio, trade payables payment period (in DAYS), inventory turnover (in DAYS), debt to equity ratio, dividend cover, and gross yield. LIST B: Return on equity (ROE), net profit margin, acid test ratio, trade receivables collection period (in DAYS), inventory turnover (expressed as TIMES), gearing ratio, interest cover and gross yield. Task 2. (i) Draw a diagram to represent the contents of the IASB 2018 ConceptualFramework (no larger than A4), and (ii) Name and provide a brief description of the three main types of regulation that make up the UK regulatory framework for financial reporting (no more than 10 lines in total). Task 3. Using the data for Basit Buildings Ltd (see Portfolio Addendum), state what costs have been included in the cost of the building, with specific reference to the appropriate standards (IAS 16 and IAS 36). Task 4. Using the data for Incomplete plc (see separate Portfolio Addendum), for each situation described: (i) Choose which label below best identifies the scenario (a statement may be used more than once) LABELS: provision, contingent liability, contingent asset, contingent liability - disclosure only, contingent liability - no disclosure, contingent asset - disclosure only, contingent asset no disclosure, onerous contract, onerous contract - provision, adjusting event, adjusting event - provision, adjusting event disclosure only, non-adjusting event, non-adjusting event disclosure only. and (ii) State the journal entries (if appropriate) or state "No adjustment required" or "NAR". Remember journal entries describe how a transaction will be entered into the accounts, so there should be a debit and credit entry of equal amounts with appropriate account name /

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!