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Hi,
I’m finding it hard to evaulate and analyse my organisation’s financial statement due to its First time adoption of IFRS in 2013 financial year. Consequently, the 2011 income statement and statement of comprehensive income are not available only the GAAP profit and loss account is. Please do I simply ignore the 2011 Annual Report during my financial analysis.
I do look forward to your response.Gershal
@gershal I sympathise however you cannot just ignore 2011 if this would mean that in effect you are only doing a two year period. OBU take the view that a student has free rein to choose their company for T8 and therefore it is the student’s responsibility in exercising this choice to select a company that will fulfil the topic brief and use an appropriate comparator company. If you cannot do a meaningful 3 year study with this company then I have to advise you to find one that you do have the 3 years worth of figures for. If you don’t you are likely to fail on both Application and Evaluation & Analysis. I’m sorry but that’s how their rules operate.
@trephena
Thank you for the advice, guest I’ll have to wait till the company’s 2014 annual report is made public available.
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