Assignment questions
1. Briefly define and explain (maximum of 300 words in total) the purpose of the statement of financial position, the statement of financial performance, the statement of cash flows, and the statement of changes in equity.
2. Briefly define and explain (maximum of 300 words in total) the differences between a private company and a public ally listed company.
3. Briefly name and explain (maximum of 300 words in total) the two most significant set of rules or guidelines that influence the preparation of financial reports in Australia.
4. The trial balance of Steven May (the owner of Steve’s Cleaning Services) as at 1 March 2017 lists the assets, liabilities and owner’s equity below.
We hold a copy of this assignment if the original is lost or damaged.We, as a group have made equal contribution in producing this piece of work.
We hereby certify that no part of this assignment has been copied from any other student’s work or from any other source except where due acknowledgement is made in the assignment
