Unit 3 Accounting Report Level 4

Introduction

Accounting is one of the primary techniques by which organisation can record, summaries, evaluated various financial transactions that are done by the company. There are certain basis aspects that are useful in recording financial statements through taking into account all standards and regulations. This project describe different types of stakeholders categories as per the conceptual framework. Formulation of financial statements in accordances to meet their basis required is done in proper manner (Gao, 2013). Merits and demerits of absorption and marginal costing are also explain under this report.