Module Title: Accounting for Business
Component 1: Group Presentation
Assignment
Consider yourself a small team of business advisors and prepare a presentation for advising a client who is an early career entrepreneur for his/her start-up business. You are required to work in a group of 3 for this task. The title of the presentation should be:
“Importance Of Financial Reporting”
Your presentation should assume that the potential client/entrepreneur has no prior knowledge or understanding of financial reporting (Cashflow statement, income statement, balance sheet).
- Demonstrate the context in which the financial information is prepared.
- Define how the financial information is used to analyse the company performance.
- Demonstrate the financial accounting terminology (asset, budget, liabilities, credit, debit, debt etc.).
- Demonstrate why financial reporting is important in business.
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