{"id":409,"date":"2024-01-04T08:07:09","date_gmt":"2024-01-04T08:07:09","guid":{"rendered":"https:\/\/britainwriters.com\/answers\/?p=409"},"modified":"2024-01-04T08:07:10","modified_gmt":"2024-01-04T08:07:10","slug":"this-is-a-group-assignment-consisting-of-six-students-in-each-group","status":"publish","type":"post","link":"https:\/\/britainwriters.com\/answers\/this-is-a-group-assignment-consisting-of-six-students-in-each-group\/","title":{"rendered":"Financial Statement (Rm) For Threads &amp; Co. Clothing Store"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><strong>Assignment Task<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Instruction<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As an accounting student, you should be able to identify, processing and communicate the financial information to the users. In every accounting cycle, financial statements are the final accounting process in delivering the information to the users, especially the external users.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is a group assignment consisting of six&nbsp;students in each group. You are required to create a company and prepare the financial statements that meet the following requirements:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>At least&nbsp;5 expenses&nbsp;activities<\/li>\n\n\n\n<li>At least&nbsp;5 indirect revenues<\/li>\n\n\n\n<li>At least&nbsp;1 discount received<\/li>\n\n\n\n<li>At least&nbsp;1 discount given<\/li>\n\n\n\n<li>At least&nbsp;2 accrued&nbsp;transactions<\/li>\n\n\n\n<li>At least&nbsp;2 prepaid&nbsp;transactions<\/li>\n\n\n\n<li>At least&nbsp;4 fixed assets<\/li>\n\n\n\n<li>At least&nbsp;2 current assets<\/li>\n\n\n\n<li>At least&nbsp;2 non-current liabilities<\/li>\n\n\n\n<li>At least&nbsp;3 current liabilities<\/li>\n\n\n\n<li>At least&nbsp;2 accumulated depreciations&nbsp;(1 straight line method, 1 reducing balance method)<\/li>\n\n\n\n<li>At least&nbsp;1 return inward&nbsp;and&nbsp;outward<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Assignment Task Instruction As an accounting student, you should be able to identify, processing and communicate the financial information to the users. In every accounting cycle, financial statements are the final accounting process in delivering the information to the users, especially the external users.&nbsp; This is a group assignment consisting of six&nbsp;students in each group. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-409","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Financial Statement (Rm) For Threads &amp; Co. Clothing Store - My Blog<\/title>\n<meta name=\"description\" content=\"As an accounting student, you should be able to identify, processing and communicate the financial information to the users.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/britainwriters.com\/answers\/this-is-a-group-assignment-consisting-of-six-students-in-each-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Statement (Rm) For Threads &amp; Co. 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