Financial Reporting and Management Accounting Module : CourseWork


Please start up by consulting a number of related books and articles on financialreporting in your library.

List the desirable characteristics of financial reports as outlined in such books and articles.

Examine the annual reports of IKEA (uploaded) with all the financial statements included (at least for 3 financial years) towards the following points:

1. Examine these reports and then make the appropriate financial assessment on it to see how far in your view it appears to contain the desirable characteristics of financialreports as outlined in
the textbooks. (You must show all workings, that is to analyze the financial performance and risk position of this company as disclosed by its financial statements and explain and interpret ratios calculated for at least 3 financial years).

(50% of the total mark)

2. Given the focus of IKEA on the customer, the drive to reduce costs, concerns for the environment and sustainability issues, and the emphasis on ?customers, co-workers and suppliers? working together,

You are required to:

Discuss, using relevant academic literature to support your arguments, the potential for using strategic management accounting concepts and techniques to help promote and facilitate IKEA?s ambitions for the future.Prepare a written report on your findings and present them on your
assignment and provide a practical example regarding their accounting and financialimplications.

(50% of the total mark).

The objective of this assignment for the students is to tackle the financial analysis of one classical and very popular company case which takes place internationally which will reveal apparently the business and financial strategy of different kind of enterprises, and especially the very large ones.

This project will entail a detailed discussion and financial/accounting and managerial accounting application on the proposed alternative strategies on financial ratios and the data derived by the financial statements and will focus mainly on the view and the opinions of the management team regarding managerial accounting/costing policies.

You are required to write a reply in order to cover all the above mentioned detailed questions. Bearing in mind the academic content of the program of Financial Reporting & Management Accounting, examine the above issue in your organisation?s financial and managerial accounting function and blend the theoretical aspects with the practical situation that IKEA as an organization is currently facing.


Additional Notes:

.The assignment will be submitted to TURNITIN plagiarism detection software by me before delivering it to the Unit Leader. The Confirmation Number that I will get from TURNITIN will be written by me into the Cover Page of the work. Therefore, it is very important not to have any suspect for plagiarism.

.All referencing should be Harvard Referencing Style.

Only academic papers, articles should be used as a reference. Internet source or any other source should NOT be used as a reference.

Avarage 21 references should be used in the Literature Review parts of the assignment.

. As attached(OB_paper.pdf) you can find sample assignment written for a very different topic. To ilustrate the referencing and literature review I put it at the attachment.

.The Structure of the Assignment should be like below;


2.Table of Contents



Literature Review about

i) the Desirable Characteristics of Financial Statements

(Qualitative and Quantitative characteristics)

ii) the Users of the Financial Statements

iii) the Financial Year/Accounting Period Concept

iv) the Analysis and interpretation of financial reports with Ratios and percentages


Application of Literature Review into practice for IKEA’s 3-year (2009-2010-2011) financial reports attached.

i) What is missing and ok in the reports? The good and bad points of Reports based on Literature Review.

ii) 3-year comparative ratio analysis and their interpretations


Literature Review of “Strategic Management Accounting Concept” and

its application to facilitate the IKEA’s ambitions for the future



Thanks & Regards