Trial balance, income statement, and balance sheet

| September 29, 2018

.0/msohtmlclip1/01/clip_image002.gif” alt=”B&W logo”>UNIVERSITY OF BOLTON
BOLTON BUSINESS SCHOOL
Business
Management

Module: Business Finance/ Understanding Business Finance
BAM1001/BAM1103

Tutors:
G. Clarke

Assignment
Number: One
(Weighting 50%) Trimester 1, 2013-14
REFER/DEFER

Assignment
Title: Doyle

Assignment
Length: 2,500 words, adjusted for equivalent calculations

Issue
Date: Week 4
Submission
Deadline: Monday 25th November 2013, 4pm

The assignment MUST be
submitted into Turnitin before 4pm, on the due date. Please contact Ged Clarke
(gc2) for access to the Moodle/Turnitin class.
NO HARD COPY SUBMISSIONS WILL
BE ACCEPTED.

Learning Outcomes

This assessment satisfies the following
learning outcomes as specified in your module guide.

No.

Learning Outcomes

Assessment Criteria

1

Understand
the sources and uses of finance and information.

Demonstrate
in both numerical and written analysis a clear understanding of the sources
and uses of finance and information in the business organisation

2

Define and apply financial terms adequately

Use
basic financial terms in context with reasonable accuracy.

Please refer to the University Handbook
for penalties for late submission and grading descriptors. It is the
candidate’s responsibility to familiarise themselves with the University’s
policies on plagiarism and use of unfair means contained within the online
University Handbook

Module: Business Finance – BAM 1001
Assignment Number: One
Assignment Title: Doyle

This
assignment is designed to assess your ability to use and apply terminology
and/or techniques in the area of financial accounting.

Task 1: Report (30
Marks -750 Words)

Required:

In a
report for the attention of Doylediscuss the significance of
alternative forms of finance available and how they might be applied in the
applied in the business. Your report should relate to aspects considered in the
module and core text book.

30 marks

Your
report should be 750 words and adopt the format available from BISSTO (use essential
sections only):

.bolton.ac.uk/bissto/studyskills/report/standard.htm”>http://data.bolton.ac.uk/bissto/studyskills/report/standard.htm

Task 2: (60 marks)

Doyle runs
a business as a plumber and supplier of spare parts to contractors. The trial
balance, and additional information, of the business as on 30 September 2013 is
provided n Appendix 1.

Refer to
Appendix 1

Required:

a)
Using ONLY
the data provided in the initial Trial Balance, prepare an income statement for
the year ended 30 September and a balance sheet as at that date for Doyle.
10 marks

b)
In a second set of accounts, update the
income statement and balance sheet showing the effect of the further
information. Workings must be clearly noted in the revised accounts and using supporting
notes/calculations.

25 marks

c)
Discuss, with reasons, which accounting
concepts and conventions you have used in the preparation of the financial
statements. Your discussion should be 600 words. Each item requires a clear
reference.

25 marks

The spreadsheets must be
‘inserted’ into a single word document, and all sections of the
accounts/workings must be visible on the screen.

Task 3: (10 marks)

Presentation, style language and accurate referencing

10
marks

Appendix
1

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