Solution to Grekz
Solution to the work for Seminar 1 There is a solution to Grekz available to download from here.
Week 5 [9] [CORE]: Working capital management
Introduction Liquidity is a huge issue – especially now. In many cases we don’t really think about it – until it becomes an issue. It usually becomes an issue when liquidity is too low. And when it becomes an issue it can escalate alarmingly and cause considerable damage and distress. Liquidity issues can affect countries. […]
Week 4 [7] [CORE]: Profitability
Profitability – learning notes The learning notes can be found here. Profit In the previous session we saw that liquidity needs to be carefully managed, especially in times of economic depression/recession, if a business is to survive. The current pandemic provides a vivid example of this. However, in order to grow and provide a return […]
Week 3b [4/24] [CORE]: Liquidity
Introduction Having looked (albeit briefly!) at the format and content of the main financial statements we’ll now start looking at the usefulness of the statements, in particular to investors. This week we will look at: a) how accounting data is made up of two components – an economic event and a measurement b) how an […]
Week 3a [4/24] PRIVATE STUDY: Getting financial information: an introduction to published financial statements
Company Reports – Case Study TESCO Tesco Annual Report 2024 You can access and download the latest corporate report of Tesco from https://www.tescoplc.com/investors/reports-results-and-presentations/annual-report-2024 The lecture/self study notes are at http://www.ecourse.co.uk/media/tesco/presentation.pdf Course video: Getting information about a company from Companies House: Tesco plc [CORE] NB: You may have to use this link: https://www.gov.uk/government/organisations/companies-house Course video: Getting […]
Seminar 1
The objective of this seminar is to get you familiar with the effects of typical business transactions on the financial position and performance of a business as shown by its three primary financial statements. The work will focus on a case study, Grekz, which summarises the financial transactions of the business for its first year. […]
Week 02a [5] [CORE]: The Accounting Equation & the Elements of Accounting
The Accounting Equation The statement of financial position [i.e. balance sheet] reflects what is widely known as ‘the accounting equation‘. The accounting equation states that, for an entity, its total assets of a business minus its total liabilities will equal its equity or capital i.e. A – L = E. This concept is essentially quite […]
Week 2b [5] [CORE]: Double Entry, the Primary Financial Statements and Financial Decisions
Luca Pacioli, a Venetian mathematician was the first to describe in print the double entry system used by Venetian merchants to record transactions. Click picture for more information. Recording transations – double entry and the accounting system Last week we looked at business transactions and how they affected the assets, liabilities and capital of a […]
Week 2c [CORE] Extra resource on depreciation
If you want some more information about depreciation try here.
Week 1/ [4] [CORE]: Business transactions
Overview of material to be covered in Week One This week we will start looking at the financial statements of a business, this week – transactions and the financial position of a business Business transactions As an introduction to financial statements we’ll start by looking at how some typical transactions entered into when setting up […]