Module Title: Accounting for Business

Component 1: Group Presentation

Assignment

Consider yourself a small team of business advisors and prepare a presentation for advising a client who is an early career entrepreneur for his/her start-up business. You are required to work in a group of 3 for this task. The title of the presentation should be:

“Importance Of Financial Reporting”

Your presentation should assume that the potential client/entrepreneur has no prior knowledge or understanding of financial reporting (Cashflow statement, income statement, balance sheet).

Demonstrate the context in which the financial information is prepared.
Define how the financial information is used to analyse the company performance.
Demonstrate the financial accounting terminology (asset, budget, liabilities, credit, debit, debt etc.).
Demonstrate why financial reporting is important in business.

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