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Introduction
Accounting and financial management is the process of preparing financial reports for an organisation and managing organisation's financial performance. It is the main responsibility of accountants and managers of the company to appropriately maintain and keep financial and accounting information in the form of financial reports so that internal and external stakeholders can analyse accurate data of the business (Ward, 2012). Actual performance can be determined with the help of various accounting techniques including ratio analysis, capital budgeting and cost of capital. Main aim of this project report is to develop an understanding about the accounting and financial management in the context of an business organisation. Two different companies have been discussed in this report.
First organisation which is provided is Bitmap PLC which is a furniture manufacturing company and executing its business operations in London, UK. Another business entity which is provided for analysing accounting and financial management is Toyland Ltd. This company is based in London and currently manufacturing toys for children. In this project report calculation of accounting ratios, working capital cycle and capital budgeting of two different companies are performed according to the different case scenarios.
Part- A
Introduction
Bitmap Plc is a furniture manufacturing company which is currently operating its business activities in London successfully. Board of directors of organisation have analysed significant changes in the financial statements of Bitmap Plc. Directors of this business entity have asked the management accountant to prepare a report on the financial performance of the organisation (Banerjee, 2012). Various financial ratios have been calculated in th
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