Module Code: BM639
Module Title: Financial Reporting II
Assignment No/Title : Reporting standards and financial statement analysis and interpretation
Assessment Weighting : 50%
BM639 Financial Assignment – UK.

Instructions to Students :
1.Read through the assignment brief carefully taking note of key words.
2.Produce both a cover page and a contents list. Ensure pages are numbered.
3.Produce good paragraphs of Introduction and Conclusion.
4.Use short sentences, avoiding jargon and verbosity.
5.All research material should be referenced to their sources as failure to do so implies plagiarism.
6.DO NOT COPY material from another student, as BOTH assignments will be disqualified.
7.Do not exceed the number of words allowed:
8.Upload assignment onto Turnitin no later than the deadline:

Please note:-
Part of the skill set of an undergraduate is to communicate clearly and accurately to the given audience. It is important that you take this into consideration when constructing your assignment. You may request help from your tutors or the study support staff.

This assignment tests the following Learning Outcomes for the module:

On successful completion of the module, the student will be able to:
1.The issues surrounding implementation of reporting standards
2.The use of financial statements in analysing the performance of entities

Assignment task 1 :
The directors of multi-national companies are confused over the financial reporting requirements as they see a variety of local GAAPs and reporting practices including the preparation of reconciliations to alternative local GAAPs (Generally Accepted Accounting Practice) such as that of the United States of America, the United Kingdom and the use of the accounting standards of the International Accounting Standards Board