i had to create a new topic because no one is actually replying to my queries properly. I am submitting project for May topic 8 mobile telecommunications . Main company year end is 31st December. can i take the financial statement of main company from the year 2013 to 2015 , because my comparetor has un audited financial data for nine months period to 31st december 2016. will that be ok ?
the competitor is having year end of 31st March .
First and foremost, The program requirement is that you use the last 3 financial reports that are available, or will be available, at the start of the submission period (Page-40 OBU information pack).
So you need to choose most recent audited financial data of the both target (main) company and comparator company. In your case, your main company financial data could be 1st Jan 2013 to 31 Dec 2015 (assuming that 31 Dec 2016 audited accounts is not available right now) and comparator company audited accounts is available up to 31 March 2016. Hence, its fine to continuing your analysis based on the above data I think, you don’t need to bother about 9 months un-audited financial data of comparator company.
@faysalrahaman so you mean to say that i can take un audited financial data of comparator . from 1st april 2016 to 31st dec 2016 ? the main company data is audited but it is consolidated . i am trying my level best to acquire unconsolidated data of main company. otherwise i will be having a very tough time. :/
Agreed but It is more relevant to use audited financial data, though there is an limitation of using both audited and unaudited financial data.
Just to complete the picture,you can use but need to clearly mention the limitation of used data.Furthermore,need to be aware about the use quantity of unaudited data.
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