Financial Reporting Accounting, Finance, Spss Book Report (Book Report Sample)
STUDENTS WERE REQUIRED TO PICK A BALANCE SHEET SAMPLE OF A COMPANY OF THEIR OWN CHOICE BUT LISTED ON THE MUSCAT SECURITIES EXCHANGE MARKET. FROM THE BALANCE SHEET, THEY WERE TO PREPARE A FINANCIAL REPORT BASED ON SOME VARIOUS FINANCIAL REPORTING TOOLS.
THIS SAMPLE THEREFORE WAS PREPARED WITH A BALANCE SHEET EXTRACTED FROM THE AL ANWAR'S HOLDINGS (FROM THE MUSCAT SECURITIES EXCHANGE). THE REPORTING IS BASED ON THE PROFIT ANALYSIS AS FOLLOWS; THE GROSS PROFIT RATIO, THE NET PROFIT RATIO, THE WORKING PROFIT RATIO AND THE GEARING RATIO. THESE ARE JUST BUT A FEW TOOLS USED I N PREPARING FINANCIAL REPORTS.
Financial reports
Student name
Institution
Financial Ratio Analysis on Al Anwar Holdings as listed on the Muscat Securities Market.
* Extract the data from income statement and balance sheet of the years 2018 and 2019.
The trial of balances are as follows and have been extracted from the books of Al Anwar Holdings for the 2018/2019 financial period.
Plant and machinery
Openinng Stock
Purchases
Building
Carriage inward
Wages
Sundry debtors
Salaries
Furniture
Trade expense
Discount on sales
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Bad debts
Drawings
Bills receivable
Insurance
Bank balances
Sales
Interest
Sundry creditors
Bank loan
Disciunt on purchases
Capital
Dr OMR
Cr. OMR
100000
60000
160000
170000
5000
32000
100000
24000
36000
12000
1900
5000
1800
10000
50000
4400
20000
795500
480000
2000
40000
100000
2000
171500
795500
Al Anwar Holdings trading while making Profit which are encountered with Losses accountYear which ended 30th June 2019
OMR
OMR
Opening stock
Purchases
Less discount
Carriage inward
Wages
Gross profit (transferred to P&L)
Carriage outward
Salaries
Trade expenses
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