1. Design a brief introductory guide to accounting for new businesses. Within this booklet you need to include:
a. The purpose of accounting (recording of financial information, monitoring and controlling the business, measuring the financial performance)
b. Explain the difference between: capital income, revenue income, capital expenditure and revenue expenditure, using examples to illustrate the points.
3. Prepare a year cash flow
using this data and template. ![]()
4. Using the
attached sheet, explain the purpose and
meaning of profit and loss accounts and balance sheet.
5. Using the case study, perform a ratio analysis
on the profitability, liquidity and efficiency of the
business. ![]()
Helpful
Links:
Ratio formulae