CORPORATE REPORTING IAA TASKS

AFG 09214

ASSIGNMENT 1: INDIVIDUAL TASK (02 Days)

IDG has the following ratios based on its published accounts for the previous year, and also the latest
industry average ratios:
IDG Industry
30 2023 average
17% 19%
Profit/sales 4% 5%
Asset turnover 5 4
ratio 3 2
ratio 1.5 1
Gross margin 30% 35%
period 40 days 52 days
payment period 37 days 49 days
turnover 14 18
Gearing 26% 33%
Required:
a) Comment on the performance of the IDG company in comparison to the industry (05 Marks)
b) Write a report to your board of directors analyzing the performance of IDG, comparing the results
against the previous year and against the industry average (15 Marks)

ASSIGNMENT 2: GROUP WORK (02 Days)

With examples and relevant standards use 1 parent or holding company, 1 subsidiary and 1 Associate
statement of financial position to show why there is a need to prepare group accounts or consolidated
financial statements (20 Marks)