IM 5005B Goldsmiths University of London Financial Accounting Discussion

I’m working on a accounting question and need support to help me study.

Question 1

as the above data shows, the business has incurred a loss in the past year. You need to analyse the company and industry data to identify at least three things that went wrong and suggest actions (with reasons) that Berocca plc ought to take to reduce losses and achieve profitability.

(60 marks)

Question 2

“Profits or losses, however, are constructs based on accounting standards that are inherently political. Therefore, presenting an objective and neutral financial state of affairs is a complete misnomer.” Critically discuss the above statement. Your analysis should be supported by relevant example examples.

(40 marks)

Assignment guidelines:

Question 1

The question requires you to calculate, explain, analyse and comment on the key ratios in evaluating the performance of the company.

Question 2

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This question requires you to reflect on several topics and academic articles (from your reading list to highlight the problematic nature of accounting. You should also supplement this reading with other relevant academic sources that you have found.

Note:

In terms of the structure of the essay, please present your arguments and reflections in a coherent, integrated form composed of full sentences and paragraphs and do NOT use point form. You may wish to choose some useful sub-headings where you can organize your thoughts on similar issues, and do not forget to include an introduction and concluding section.