You have been appointed as the assistant accountant for a medium


You have been appointed as the assistant accountant for a medium sized business. The business owner has requested you present the prior year financial reports to the finance team, and initiate a discussion on suggestions for improvements for the coming year.

You may wish to consider:

  • what expenses could be reduced
  • Accounts receivable process
  • Balance of cash on hand and the payment pf liabilities
  • Any other suggestions that might be appropriate

The Profit & Loss and Balance Sheet reports as follows:

This criteria will vary from cou


Image transcription text

Assets Current Assets Cheque Aeeount Petty Cash Trade
Debtors Less F’roy’n for Doubtful Debts Total Current
Assets Fixed Assets Furniture and Fixtures … Show more

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