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Explain the Legal and Regulatory Influences on Financial Statements Preparation Like Companies Act Etc.

In: Business and Management

Submitted By Lailawm
Words 6475
Pages 26
Financial Reporting

2nd Assignment

Transmitted to:
Vinamilk Corporation

Prepared for:
Ms. Kim Oanh Vu (Lecturer)
Unit 6: Financial Reporting
Banking Academy, Hanoi
BTEC HND in Business (Finance)

Prepared by:
Hoang Thai Duong, Sunshine, F04-039
Submission Date: January 10th,
Table of Contents

Table of Contents Executive summary 6 Introduction 7 1.1. Describe the different users of financial statements and their needs 8 1.2. Explain the legal and regulatory influences on financial statements preparation like Companies Act etc. 10 1.4. How different laws/regulations are dealt with by accounting and reporting standards 12 1.3. Assess the implications for users of financial statements 16
4.1. Calculate accounting ratios to assess the performance and position of Vinamilk 18 4.1.1. Profitability Ratios 18 4.1.2. Liquidity Ratios 18 4.1.3. Gearing Ratios 20 4.1.4. Investment Ratios 21 Report 22 Conclusions 24 Reference 25

Executive summary This report has three main parts. Firstly, I describe the different users (Stakeholders) of Finance statements and their needs and assess the implications for users of financial statement. Then, I explain the legal and regulatory influences on financial statements preparation like Companies Acts. After that, I describe how different policies are dealt with by accunting and reporting standard including FRS, IASB, SSAP, GAAP and ASB). Furthermore, I calculate accounting ratio consisting of Solvency, Profitability, Capital Gearing, Dividend Yield, Assets to assess the performance and position of Vinamilk and then prepare a report incorporating and interpreting accounting ratio, compare against the previous year, regional and also local competitors. This report provides an analysis and evaluation of the current and prospective profitability, liquidity…...

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