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ASSIGNMENT COVER SHEET
NAME OF STUDENT REGISTRATION NO. UNIT TITLE ASSIGNMENT TITLE ASSIGNMENT NO NAME OF ASSESSOR SUBMISSION DEADLINE Tran Ngoc Anh B092809 Unit 10: Financial Reporting
Financial Statements Regulatory Framework & Interpretation
2 of 2 Mr Phillip 30 March 2012
I, Tran Ngoc Anh hereby confirm that this assignment is my own work and not copied or plagiarized from any source. I have referenced the sources from which information is obtained by me for this assignment.
FOR OFFICIAL USE
Assignment Received By: Date:
FR Assignment 2 NQF Feb 2012 CC
Unit Outcomes Outcome Evidence for the criteria Feedback Assessor’s decision First Re- Internal Verification Describe the different users of financial statements and their needs a Explain the regulatory framework for financial reporting (1) Explain the legal and regulatory influences on financial statements b Assess the implications for users c Describe how different policies are dealt with by accounting and reporting standards Calculate accounting ratios to assess the performance and position of a business Prepare a report incorporating and interpreting accounting ratios. including suitable comparisons M1 D1 M2 D2 d a Interpret financial statements (4) b Merit grades awarded Distinction grades awarded M3 D3 FR Assignment 2 NQF Feb 2012 CC 2 .
...................................................................................................... COMMON SKILLS & COMPETENCIES ASSESSED (indicated by X) FR Assignment 2 NQF Feb 2012 CC 3 ................................................................... you’ve Areas for improvement: ASSESSOR SIGNATURE NAME:................................................................................. Reference is done properly / should be done (if any) Overall................................................. FOR INTERNAL USE ONLY VERIFIED YES NO DATE NAME : ...Common Skills A B C D E F G Assignment ( ) Well-structured..................... DATE / / VERIFIED BY : .................... DATE / / (Oral feedback was also provided) STUDENT SIGNATURE NAME :.. : ......................Outcome Evidence for the criteria Feedback Assessor’s decision Internal Verification Comments by Assessor ................................
Identify & solve routine & non-routine problems B.V. luxurious shampoos and everyday household care products. You have been asked by Director of Finance in your company to prepare an analytical review of the financial position and reporting of a well-known company Unilever N. Deal with a combination of routine & non-routine tasks 14. 2010 and other information available. Hellmann’s and Omo. MANAGING & DEVELOPING SELF 1. APPLYING NUMERACY 15. no company touches so many people’s lives in so many different ways.com/investorrelations/annual_reports/AnnualReportandAccounts 2010/ Other financial data available and special reports from stock exchange or news papers and magazines etc. You will have to obtain a copy of those published statements. COMMUNICATING 8. MANAGING TASKS & SOLVING PROBLEMS 12. APPLYING DESIGN AND CREATIVITY 17. Transfer skills gained to new/changing situations & contexts D. services or situations 18. Applying a range of skills and techniques to develop a variety of ideas in the creation of new / modified products. on the New York Stock Exchange. Receive and respond to a variety of information 9. Knorr. Pureit and Suave.A. this process is itself a significant exercise in investigating sources of financial information. Dove. You are required to download the most recent published financial statements of Unilever December 31. Use a range of technological equipment and systems C. Work effectively as a team member E. alongside trusted local names such as Blue Band. FR Assignment 2 NQF Feb 2012 CC 4 . Manage own time in achieving objectives 3. It has listings of shares and depositary receipts for shares on Euronext Amsterdam and on the New York Stock Exchange. It has shares listed on the London Stock Exchange and. either in the public domain or from within the company.. Communicate in writing 11. Relate & interact effectively with individuals & groups 7. Use information sources X X 13. Unilever has more than 400 brands focused on health and wellbeing.unilever. for example. Use a range of thought processes X SCENARIO You are working in a financial consultancy firm as a client service manager providing advice and assistance to clients on financial accounting and general business issues. Axe. Unilever product portfolio ranges from nutritionally balanced foods to indulgent ice creams. Present information in a variety of visual forms 10. Participate in oral & no-verbal communication X X G. WORKING WITH & RELATING TO OTHERS 5. affordable soaps. the Edge or The Economist are available locally or brokers’ circulars issued from time to time by the broking arm of numerous finance houses. (NV) is a public limited company registered in the Netherlands. Unilever produce worldleading brands including Lipton. Applying numerical skills and techniques X F. APPLYING TECHNOLOGY 16. Undertakes personal and career development 4. as American Depositary Receipts. English language version http://www. Treat others beliefs and opinions with respect 6. Unilever PLC (PLC) is a public limited company registered in England and Wales. Managing own roles & responsibilities 2.
GAAP and VAS) (1 d) • Calculate accounting ratios (Solvency. improving their nutritional properties. or functionality. and Dove’s campaign for real beauty. Tasks Your report (for Director of Finance) should address at least the following: Describe the different users (Stakeholders) of financial statements and their needs (1 a) • Explain the legal and regulatory influences on financial statements preparation like Vietnam Companies Act etc. including Lifebuoy’s drive to promote hygiene through hand washing with soap.The company realise innovation is key to progress. Profitability. SSAP. fragrance. should be put in the appendices. FR Assignment 2 NQF Feb 2012 CC 5 . Capital Gearing. which should include a copy of the relevant financial statements. taste. Many of these brands have long-standing. Assets) to assess the performance and position of Unilever (4 a) • Prepare a report incorporating and interpreting accounting ratios. and through cutting-edge science it constantly enhancing brands. regional and also local competitors (4 b) • You report should be cover the detailed tables. and have established laboratories around the world where their scientists explore new thinking and techniques. strong social missions. extracts or copies of financial information. applying their expertise to their products. Unilever invest nearly €1 billion every year in research and development. compare against the previous year. Dividend Yield. You should refer to them in the body of the report. (1 b) • Assess the implications for users of financial statements (1 c) • Describe how different policies are dealt with by accounting and reporting standards (FRS.
previous period and competitors. Select and apply appropriate techniques. FR Assignment 2 NQF Feb 2012 CC 6 . Take responsibility for managing and organising activities (D2) Characteristics / Possible Evidence – show an individual approach in presenting and communicating work coherently using language in the financial context. Present and communicate appropriate findings (M3) Characteristics / Possible Evidence – The work is presented in a professionally-written report with appropriate structure and approach with the use of various methods of presentation. (Refer page 2 of the assignment brief) Merit Identify and apply strategies to find appropriate solutions (M1) Characteristics / Possible Evidence – an effective approach to study and researched to explain various regulatory framework and legislation implications on financial statements preparation.GRADING Pass is achieved by meeting all the requirements defined in the assessment criteria. (M2) Characteristics / Possible Evidence – Apply range of methods and select techniques to interpret financial statements of Unilever. Distinction Use critical reflection to evaluate own work and justify valid conclusions (D1) Characteristics / Possible Evidence – evaluate and synthesize relevant theories and techniques to generate and justify valid conclusions based on interpretation of financial statements of Unilever with suitable comparison like against industry.
This is an individual assignment. Exhibits/appendices are outside this limit. 7. Use the Harvard referencing system. all points of view are considered equally. positive attempt made to build mutual understanding. Your assignment should be word-processed and should not exceed 3. You also show some evidence of willing to try new approaches related to given scenario. Use 12 point Arial or Times New Roman script. To achieve a Merit grade a student must. as well as identify the need for changing thought processes within creative activity. module title. Content sheet with a list of all headings and page numbers. 4. 3. show all deadlines met. use of different communication methods. and demonstrate good written communication skills through a professionally written report. course title. 8. and creative thinking (D3) Characteristics / Possible Evidence – show an in-depth analysis of the company. To achieve a Distinction grade a student must. as well as good understanding of the relevance of various thought processes in creativity. 6. show manage own time in achieving objectives. Unilever performance by convergent and lateral thinking through the ratio analysis. A fully typed up professionally presented report document. PRESENTATION 1. Common Skills Grading To achieve a Pass grade a student must. show excellent quality of work produced on time. 2. assignment number. outstanding quality of presentation. 5. The assignment should have a cover page that includes the assignment title. NOTES TO STUDENTS FOR SUMMISSION FR Assignment 2 NQF Feb 2012 CC 7 .000 words in length. Ensure that authenticity declaration has been signed. The assignment should be not contain a bibliography – but should contain a list of any references used in the assignment. clear and appropriate response to a variety of information. Attach all the pages of assignment brief/cover sheet with your report and leave them blank for official use. 9.Demonstrate convergent. Lecturer/tutor name and student’s name. lateral.
You must take responsibility for managing your own time effectively. Late assignments will not be accepted. Ensure that you give yourself enough time to complete the assignment by the due date. Take great care that if you use other people’s work or ideas in your assignment. Failure to achieve a PASS grade will results in a REFERRAL grade being given. Do not leave things such as printing to the last minute – excuses of this nature will not be accepted for failure to hand-in the work on time.• • • • • • • • Check carefully the submission date and the instructions given with the assignment. you may apply (in writing) for an extension. NOTE: If you are caught plagiarizing. FR Assignment 2 NQF Feb 2012 CC 8 . you properly reference them in your text and any bibliography. the University policies and procedures will apply. If you are unable to hand in your assignment on time and have valid reasons such as illness.
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