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Sandmoor Estate Limited

Making an idea actually work could not have been possible without the grace of God, prayers of our parents and support from our friends.
Due credit goes to Ms. Aliya Saleem for being such a supportive course instructor as well as a source of information whenever needed. Without her guidance and timely feedback this report could not have been materialized.
The company is working well as compared to previous year. However, when an isolated ratio analysis was done, it was revealed that still financial position of the company is not appreciable. Moreover, few discrepancies also exist. Like use of multiple depreciation methods, unclear or incorrect figure of the number of shares, this leads to false ratio analysis of earning per share. Thus it is recommended that the figures should be clearly stated and discrepancies should be avoided. Auditing, though not mandatory in this case, should be done to gain confidence of the stakeholders rapidly.
The secondary stage comprises of the discussion about the company with the seniors and the colleagues to get their perspective about the same. Internet research was also done to identify potential weaknesses and their solutions.
We tried to study the annual report of the firm under observation from different angles. There are different methods for studying these reports and analyzing it, like ratio analysis and horizontal analysis etc.
Each of the method has its own advantages and disadvantages.
For example, the horizontal method is highly affected by the previous year's performances. Moreover, the micro and macro environment may also vary from one year ot another, the industry situations may also change. To overcome this, we have used the ratio analysis method. Ratio analysis takes the ratios of the quantities of the same year, so there are no chances of the effect of changing environment on the one side of the equation.

DESCRIPTION OF THE SYSTEM:
The accounting year of the Sandmoor Estates Limited starts at December 1 and ends on November 30 every year. The financial statements are prepared on annual basis.

These statements preparation occupies a key position in the financial arena of the organization. These statements not only serves the purpose of ...Show more

Summary

This report has been developed to fulfill the requirements of unit 10. 'Managing Systems and People in the Accounting Environment', of the technical stage for the Association of Accounting Technician qualification.
The aim of this report is to improve accounting system of a company…
Author : macey85
Sandmoor Estate Limited essay example
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