Assignment Requirements Subject Management Accounts Keele University International Study Centre Management Accounts Assignment Budget Project – SPORTS Traders Sports Traders is a UK based trading company which is dealing with sports products. The following is a summary of the Balance Sheet of Sports Traders as at 31 May 2014. £ £ Fixed Assets at cost 200,000 Less Depreciation 70,000 1,30,000 Current Asset Inventory 44,000 Accounts Receivable 30,000 Bank 3,000 77,000 Current Liabilities Accounts Payable 11,000 Accrued Expenses 4,000 15,000 Working Capital 62,000 192,000 Capital and Reserves 192,000 The company is in the process of preparing budgets for the three months ending 31 August 2014, and the following information is available: 1. Budgeted Sales £ June 2014 66,000 July 2014 54,000 August 2014 57,000 September 2014 60,000 Sales provide 50% gross profit on cost. Half the sales are always paid for in full in the month in which sales are made. The remainder is alway

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Assignment Requirements The company of this case study is Wesfarmers Ltd, only need do part 3&4. 3. Evaluate the flexibility management has available in selecting the key accounting policies 4. Evaluate the accounting strategy employed by management in respect of each key accounting policy and suggest/identify possible incentives behind the choice of strategy. Remember that this is an accounting assignment. Thus, you should not spend too much time discussing business strategy unless it relates to the company’s accounting strategy. By accounting strategy, we mean the approach taken by the company in preparing its financial statements. This approach involves accounting policy choices, accounting estimates and accounting disclosure choices. *part 3 cannot be started unless part 2 is com pleted, and part 4 cannot be started until part 3 is substantially done. I will upload the Part 1&2 of this casy study, annual report for Wesfarmers and a sample of other company,. Order Now <