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Accounting Report

In: Business and Management

Submitted By Benjamin910293
Words 2056
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ACCOUNTING REPORT

PREPARED BY BENJAMIN ARNOLD
STUDENT ID: 1209002
MODULE NAME: INTRODUCTION TO ACCOUNTING
MODULE CODE: AC4002

CONTENTS
Introduction …………………………………………………………………………………………………………………………..03
The Income Statement of King Charles Fittings ……………………………………………………………………… 03
The Statement of Financial Position of King Charles Fittings …………………………………………………..04
Analysis of financial position ………………………………………………………………………………………05
A short report of accounting ………………………………………………………………………………………………….06
Accounting concepts ……………………………………………………………………………………………………………..08
The main accounting professional bodies ………………………………………………………………………………08
Comparison and contrast ……………………………………………………………………………………………………….09
Similarities and differences of the accounting professional bodies ………………………………………..09
References ……………………………………………………………………………………………………………………………..10

INTRODUCTION
This is a report of about accounting that will look at two financial statements of King Charles Fittings, income statement and the statement of the financial position, a short report and commentary of accounting bodies listing their similarities and differences .

King Charles Fittings
Income Statement for the year ended 31 December 2013
£ £
000 000
Income (Sales) 1,350
Less: cost of sales
Opening stock (at 1 January 2013) 80
Purchases 620
Closing stock (at 31 December 2013) 70
Cost of goods sold…...

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