Calculate year-end adjustments, from given data, to account for irrecoverable debts and provisions for doubtful debts.

Financial Accounting

Prepare presentation slides with accompanying speaker notes that you can use to deliver the topic
the learners.
The presentation slides and speaker notes must include:
• An evaluation of different inventory methods.
• An explanation of the purpose of preparing final accounts for sole traders and partnerships.
• An analysis of the financial statements of a specific business organisation.
Submission
▪ Presentation slides
▪ Speaker notes
Task 2 of 2: Case study Material
Instructions
Prepare case study that demonstrates how to:
• Calculate closing inventory valuations using:
 FIFO
 LIFO and;
 AVCO.
• Calculate year-end adjustments, from given data, to account for depreciation.
• Calculate year-end adjustments, from given data, to account for irrecoverable debts and provisions for doubtful debts.
• Calculate year-end adjustments, from given data, to account for accruals and prepayments.
• Prepare final accounts, including relevant adjustments, for an example sole trader business.
• Prepare final accounts, including relevant adjustments, for an example partnership business.