ABKA589 Financial Statement Assessment V4 2026 | The Career Academy

ABKA589 ASSESSMENT: Financial Statement Analysis

Read through the requirements below, and then complete all parts of the assessment and then save your work as either a Word document or a PDF file. Once you have saved your work click on the Assessment submission link within this topic and upload your completed assessment to your tutor for marking.

Required

Question 1

A.Identify and discuss the benefits and limitations of Ratio analysis.

B.In your own words explain the difference between Horizontal analysis and Vertical analysis.

Question 2

You have been provided with a summary of the Profit & Loss data and Balance Sheet data for the past three years for Cooks & Cleans Limited (CCL).

CCL are a home handy service that are called into people’s homes to cook and clean for them. CCL uses their own ingredients and cleaning equipment which is managed under a Periodic Inventory System.

In the past three years CCL have invested significant funds into marketing both in print and online to increase their customer base and therefore boost income.