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Finance & Accounting
Pages 6 (1506 words)
Name: University: Department: Lecturer: Date of submission: Introduction The key conceptual framework concepts are developed by the Sustainable Accounting Standards Board and some of them include materiality concept, accrual concept, financial analysis and others that are used to analyze and report the financial reports (Taylor 1996).
Due to this increase in performance of the financial statements of the company, the earnings per share increased as well as the dividend payout ratios went up with a coverage of 2.8 times for the full year, which is the shareholder’s interest in the organization. As compared with the market ratios from IHG company, Next company shown a growth in all its financial aspects. The accounts have been presented in accordance with the IFRS 7 and 12 which requires disclosure of interest in other parties IFRS 10 which requires consolidating the group accounts and IAS 1 to 9 which talks of all the disclosures. The disclosures of the segments are contained in IAS 14 but superseded by IFRS 8 which requires every segment to be disclosed separately (Weygandt 2012). Since the exceptional items are material in nature, the materiality concept applies and that is the reason why they are disclosed separately since they are matters which might have an impact on the financial statements. They are divided into continued and discontinued exceptional items. Ratio Analysis: Liquidity Ratios This is a ratio that measures the firm’s ability to meet its obligations financially. Historically these ratios have been used to measure the overall health of organizations. ...
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