Assignment Briefs othm level 4 Diploma in Business

Unit Title Finance and Accounting
Task 2 of 3 
Unit Learning Outcomes 
Assessment Criteria 
LO 2 Be able to prepare financial statements for different types of 
businesses. 
2.2, 2.3, 2.4 
LO 3 Be able to interpret financial statements. 
3.1, 3.2 
Assignment Brief and Guidance
Learners will need to be supplied with a range of financial statements / accounts. These can 
be downloaded by the tutor from the Internet. This will allow the learner the opportunity to 
analyse and evaluate the required formats, concepts and legal requirements.
The set of financial statements / accounts supplied to the learners should be one for a sole 
trader and one for a partnership. 
Part A:
Using the financial information your tutor has provided, you are required to: 
•
prepare financial statements for a sole trader 
•
prepare financial statements for a partnership 
•
apply techniques to make adjustments to the financial statements for either the sole 
trader or partnership accounts 
 
Part B: 
Using the adjusted financial statements you chose from Part A; you are required to; 
•
calculate a range of financial ratios which will demonstrate the business’s current 
financial performance, and then 
•
produce a summary of how the financial performance of the business has changed 
over the previous three years. 
Delivery and Submission 
Part A:
Two sets of financial statements which accurately reflect the financial data supplied. 
One set of financial statements for either the sole trader or partnership once they have been 
adjusted based on the additional data supplied 
Part B: 
The submission is in the form of a set of financial ratios (equivalent to 400 words) and a 
summary statement in Word format.
The recommended word limit for the summary statement is 250 words.