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Impact of COVID 19 on Financial Reporting Assignment Answer the Questions
Words – 1500
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4.3 Assessment Tasks and Guidelines
Continuous Assessment 1
Assignment Title - Improving in a time of crisis: Assessing the impact of COVID 19 on your business/job/ company and plans for the future
Aim of the assignment: This assignment aims to access the information searching skills, organizing and report writing skills, adoption and adaptability of accounting and other subject specific knowledge in understanding and interpreting the concurrent business environment revealing the creativity and innovative capacities of the student.
Assignment task: Prepare a Case Study report to be produced to the Board of Directors of your company explaining the possible impact of COVID 19 on financial reporting of your organization and suggestions for improving the reliability and quality of financial reporting during uncertain time period.
Report should include the following facts: Maximum 5 pages excluding annexures
-Brief description of the organization you are working for or to your own business (Maximum 1/2 page)
-Nature of business (Maximum ½ page)
-SWOT analysis-before and after COVID
-Assessment of COVID 19 impact on your own business or the company working for
This should include a possible financial impact/quantitative impact and as well as non-financial impact that can be presented in the form of non-financial information
– Short term plan for improving the quality and reliability of financial reporting
- Conclusions and Recommendations
– An assessment on the feasibility of the proposed plan
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