2021
University of Sunderland in London
UGB163 - Introduction To Accounting And Finance
,Table of Contents
Introduction…………………………………………………………………. 2
Subject 1…………………………………………………………………….. 2
Subject 2…………………………………………………………………….. 6
Subject 3 ……………………………………………………………………. 9
Conclusion…………………………………………………………………….15
References ……………………………………………………………………16
1
, Introduction
This report aims to understand the role of fundamental models, concepts, and
techniques used in financial and management accounting. It is impossible to run
a business efficiently without taking good care of the financial element. This
report will be discussed and analysed financial management and accounting in
various case studies. The project will demonstrate how financial management
can be carried out from several angles, such as financial statement production,
investment viability analysis utilising investment appraisal approaches, breakeven
point calculations and analysis, and strategic budgeting.
Subject 1
a) Supporting Calculations
Equity = 180.000
Equity Introduced + Profit for the year = 180.000 + 68.625 = 248.625
Gross Profit = Sales Revenue – Cost of Goods Sold =633.000 – 297.000 = 336.000
Sales Revenue = 504.000 + 129.000 = 633.000
Cost of Goods Sold = 243.000 + 54.000 = 297.000
Van Depreciation = Initial cost – Scrap Value = 60.000 – 12.000 = 9.600
Years of life 5
Inventories = Total inventories Bought – Total Cost of Goods Sold =
(48.6000+39.000) – (243.000 + 54.000) = 525.000 – 297.000 = 228.000
Trade receivables = Sales Revenue from Trade Receivables – Receipts from Trade
Receivables = 504.000 – 438.000 – 1.500 = 64.500
Trade payables= Inventories bought on credit – Payments for Trade Payables
= 486.000 – 393.000 = 93.000
Wages = 117.000 + 2.175 = 119.175
Electricity = 5.700 + 2.025 = 7.725
Accrued expenses = Wages + Electricity = 2.175 + 2.025 = 4.200
2
University of Sunderland in London
UGB163 - Introduction To Accounting And Finance
,Table of Contents
Introduction…………………………………………………………………. 2
Subject 1…………………………………………………………………….. 2
Subject 2…………………………………………………………………….. 6
Subject 3 ……………………………………………………………………. 9
Conclusion…………………………………………………………………….15
References ……………………………………………………………………16
1
, Introduction
This report aims to understand the role of fundamental models, concepts, and
techniques used in financial and management accounting. It is impossible to run
a business efficiently without taking good care of the financial element. This
report will be discussed and analysed financial management and accounting in
various case studies. The project will demonstrate how financial management
can be carried out from several angles, such as financial statement production,
investment viability analysis utilising investment appraisal approaches, breakeven
point calculations and analysis, and strategic budgeting.
Subject 1
a) Supporting Calculations
Equity = 180.000
Equity Introduced + Profit for the year = 180.000 + 68.625 = 248.625
Gross Profit = Sales Revenue – Cost of Goods Sold =633.000 – 297.000 = 336.000
Sales Revenue = 504.000 + 129.000 = 633.000
Cost of Goods Sold = 243.000 + 54.000 = 297.000
Van Depreciation = Initial cost – Scrap Value = 60.000 – 12.000 = 9.600
Years of life 5
Inventories = Total inventories Bought – Total Cost of Goods Sold =
(48.6000+39.000) – (243.000 + 54.000) = 525.000 – 297.000 = 228.000
Trade receivables = Sales Revenue from Trade Receivables – Receipts from Trade
Receivables = 504.000 – 438.000 – 1.500 = 64.500
Trade payables= Inventories bought on credit – Payments for Trade Payables
= 486.000 – 393.000 = 93.000
Wages = 117.000 + 2.175 = 119.175
Electricity = 5.700 + 2.025 = 7.725
Accrued expenses = Wages + Electricity = 2.175 + 2.025 = 4.200
2
