Explain the roles and responsibilities of quantity surveyor

Assignment Help Financial Accounting

Reference no: EM132338020

ASSESSMENT - Management Accounting and procedures for Quantity Surveying practice

Task 01

Explain the roles & responsibilities of Quantity Surveyor in a client organization & a contractors company in term of Financial & Cost Management?

Task 02

Refer the financial statements of Nisalka Constructions PLC, a building constructor given on annexure 1.

Analyse the financial statements and assess the performance of the organization (Conclude your report with both financial and non-financials measurements)

LEARNING OUTCOMES OF ASSESSMENT

On completing this course successfully the learner will be able to:

(1) Identify key management accounting principles & produces information that is used within a construction business organization,

(2) Identify tools and techniques used in management accounting to produce various financial information and make business decisions,

(3) Understand & demonstrate basic skills to prepare financial statements to incorporate financial accounting& cost accounting information to that is used to plan, set organizational goals,

(4) Analyse positive impacts of management accounting techniques on profitability and avoid insolvency of a construction business,

(5) Apply management accounting information to measure performance of construction business organisations and its employees.

Annexure 1

Extracts of financial statements of Nisalka Constructions PLC

Income statement
For the year	2015	2014
	$. '000	$. '000

Sales	170,568	135,000
Cost of Sales	(118,435)	(86,720)
Gross Profit	52,133	48,280
Expenses	(18,036)	(17,800)
	34,097	30,480

Balance Sheet	2015	2014
As at 31st December	$. '000	$. '000

Non-Current Assets
Cost	114,000	90,400
Depreciation	(38,364)	(15,480)
	75,636	74,920

Current Assets
Stock	27,144	9,200
Debtors	18,045	11,400
Bank	200	5,300
	45,389	25,900

Total Assets	121,025	100,820

Equity & Liabilities
Capital	75,000	60,000
Retained earnings	39,677	21,980
	114,677	81,980

Non-Current Liabilities	-	14,320

Current Liabilities
Trade Creditors	6,062	4,520
Bank	286	-
	6,348	4,520

Total Equity & Liabilities	121,025	100,820

Reference no: EM132338020

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