KII6024 Manage Finances - Financial Report Assessment 2

Assessment 2

Your tasks
Using the information below, your task is to enter the role of accountant for Kingsford Trading (that you were introduced to in Assessment 1) and prepare budgeted financial statements for the upcoming financial year: 2019 to 2020

The budget you prepare is to consist of the following.

1. A Profit and Loss Statement (Income Statement). Please attach notes showing your workings and how you calculated each amount.
2. A Cash Flow Statement. Please attach notes showing your workings and how you calculated each amount.