Concert Review

be/rOjHhS5MtvAMozart – Requiem, K 626 – Gardinerhttps://youtu.be/FjiMQbLheLEDvorák: Symphony No. 9, PSO, Marin Alsophttps://youtu.be/mFRwTpRL3R4Concert Review:You will write a review of the concert. First you must think of yourself as a reporter: answer, in narrative form, the questions: Who was performing? Where was the performance, What pieces were performed? How was the audio and video quality? How might this performance experience as an audience member differ from being there in person?Then write your opinion of the concert: how well was the program conceived? Did the different pieces seem to fit or were they contrasting? Did you like the choice of piece(s)? How good was the performance? Was it accurate? Did it sound like there were any wrong notes or out of tune playing/singing or anything else that seemed not quite right? Did you like the performance? Did it move you? End the review with whether you would recommend this to anyone else and why.[supanova_question]

Writing Assignment Help be/rOjHhS5MtvAMozart – Requiem, K 626 – Gardinerhttps://youtu.be/FjiMQbLheLEDvorák: Symphony No. 9, PSO, Marin Alsophttps://youtu.be/mFRwTpRL3R4Concert Review:You will write a review of the concert. First you must think of yourself as a reporter: answer, in narrative form, the questions: Who was performing? Where was the performance, What pieces were performed? How was the audio and video quality? How might this performance experience as an audience member differ from being there in person?Then write your opinion of the concert: how well was the program conceived? Did the different pieces seem to fit or were they contrasting? Did you like the choice of piece(s)? How good was the performance? Was it accurate? Did it sound like there were any wrong notes or out of tune playing/singing or anything else that seemed not quite right? Did you like the performance? Did it move you? End the review with whether you would recommend this to anyone else and why. [supanova_question]

Annotated Bibliography and Opening Statement

(In Week 3, you included an annotation for one of your sources. In this assignment, you should include annotations for all of your sources.) The opening statement should be one paragraph in length. It should state your position on the topic in the third person and summarize the evidence you will present to support your position. (Consider the opening statement as the introductory paragraph of your paper.)[supanova_question]

Faculty of Business and Law Department of Accounting and Finance BA Honours

Faculty of Business and Law

Department of Accounting and Finance

BA Honours Degree

Academic Year 2020-21

Referred/ Deferred (August 2021)

Assignment Brief

Financial Reporting (ACFI 2307)

Assessment Learning Outcomes

Following completion of this assignment students should be able to demonstrate the following:

The ability to apply numeracy skills, including the ability to manipulate financial and other numerical data.

To appraise the impact of the regulatory framework on single entity companies.

To apply selected accounting standards and discuss their impact upon modern business practice.

To discuss the regulatory framework within which accounting operates.

To demonstrate the ability to communicate, including the ability to present quantitative and qualitative information together with analysis, argument and commentary in a form appropriate to the intended audience.

Assignment Question:

The following trial balance relates to Honister plc at 31 March 2021:

£000

Revenue

469,500

Investment income

1,800

Purchases

237,670

Distribution costs

39,600

Administrative expenses

40,800

Loan interest paid

3,810

Corporation tax over-provided for 2020

350

Land and Building – at cost 31/3/ 2020

525,000

Accumulated depreciation of building at 1/4/ 2020

75,000

Plant at cost

162,900

Accumulated depreciation of plant at 1/4/ 2020

36,900

Investment property – at valuation 1/4/2020

45,000

Inventory at 1/4/ 2020

39,800

Trade receivables/ trade payables

46,420

52,950

Bank

5,550

6% loan note (redeemable 2025)

63,500

Deferred tax

13,500

Equity shares of 50p each fully paid

225,000

Retained earnings at 1/4/2020

180,300

Revaluation reserve at 1/4/2020(arising from land and buildings)

27,750

1,146,550

The following notes are relevant:

At 1 April 2020, Honister plc had its land and building revalued to £600 million. This valuation includes a value for land of £120 million. The estimated remaining life of the building at that date was 40 years. Depreciation of buildings is charged on a straight-line basis and is allocated 60% to cost of sales, 20% to distribution costs and 20% to administrative expenses.

During the year, Honister plc manufactured an item of plant that it is using as part of its own operating capacity. The details of its cost, which is included in cost of sales in the trial balance, are:

£000

Direct materials cost

13,000

Direct labour cost

8,000

Installation costs

2,000

Pre-production testing

2,500

Directly attributable overheads

5,000

General and administrative overheads

2,500

The manufacture of the plant was completed on 31 December 2020 and the plant was brought into immediate use, but its cost has not yet been capitalised.

All plant is depreciated at 20% per annum (time apportioned where relevant) using the reducing balance method and charged to cost of sales.

On 1 April 2020, Honister plc acquired plant and machinery which had a cost of £40 million. The company traded in (part-exchanged) an old item of plant for a value of £10 million and paid cash of £30 million. The cash transaction has been accounted for in the trial balance above, but the trade-in has not yet been recorded. The plant traded in had been bought on 1 April 2018 at a cost of £12.5 million.

The investment property is let at commercial rates to tenants who are not connected to the company in any way. Honister plc adopts the fair value model in its accounting treatment of the asset. At 31 March 2021, the property had a value of £52 million.

The inventory at 31 March 2021 was valued at cost of £42.5 million. This includes £6.5 million of slow-moving goods. Honister plc is trying to sell these to another company, but has not been successful in obtaining a reasonable offer. The best price it has been offered is £4 million.

The Corporation tax account in the trial balance represents the over-provision of the previous year’s estimate. The estimated Corporation tax liability for the year ended 31 March 2021 is £13.8 million. At 31 March 2021 there were £62.5 million of taxable temporary differences. The Corporation tax rate is 20%.

Required:

PART A

Prepare for Honister plc, a Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 March 2021 and

A Statement of Financial Position as at 31 March 2021

(Note: A Statement of Changes in Equity is NOT required)

PART B

Prepare a report for the CEO of Honister plc that explains, with reference to appropriate accounting standards, your treatment of the adjustments to the accounts for the year ended 31 March 2021.

(1,500 words)

Submission date

Friday 20th August 2021 at 12 Noon

Assessment Criteria

Part A

Statement of Profit or Loss/ Financial Position

Part B

Format of report

Technical knowledge and understanding

Bibliography/Citations/Harvard referencing

100

5[supanova_question]