Q6 ABC Learning and ethics - ABC Learning Case Study (10 marks) Watch the six CPA ABC Learning movies. www.cpaaustralia.com.au/professional-resources/education/abc-learning-collapse-case-study...

Q6 ABC Learning and ethics - ABC Learning Case Study (10 marks)
Watch the six CPA ABC Learning movies.
www.cpaaustralia.com.au/professional-resources/education/abc-learning-
collapse-case-study
www.youtube.com/watch
Prepare a business report covering the following (about 500 words).
Check the Internet for advice on business report structures.
1. What are the major financial reports? What is the purpose of each?
Financial Statements are the summary of all the financial transactions made by the
company. There are mainly four types of financial statements. They are as follows
1. Statement of Financial Position: - It is known as Balance sheet in common terms.
It reflects the assets and liabilities of the company.
2. Statement of Income or Income Statement: - It Shows the Profit or Loss made by
the company in its business operation.
3. Statement of Retained Earnings; It shows the actual income the company has
earned after paying the dividend.
4. Statement of changes in owners’ equity: - It shows the changes in equity capital
of the company through...