FINM008 Corporate Reporting

Travis Perkins have supplied building materials to the trade for over 200 years. They are one of the largest suppliers to the UK’s building and construction industry, with a national network of more than 645+ branches

‘We have the best people and the best place to work, and our team of 30,000 colleagues operate from more than 2,000 branches, stores and sites around the UK’. They are experts in their area and dedicated to delivering a fantastic service to their customers.

‘The majority of our businesses are leaders in their markets, and within our Group, we serve a full range of building material customers ranging from small trade and DIY customers to large developers and house builders’.

Travis Perkins plc is listed on the London Stock Exchange, and their Head Office is located in Northampton, and is a constituent of the FTSE 250.

Please read the Travis Perkins Annual report 2018 thoroughly to undertake this assignment.

You have been newly appointed as Financial Controller for Travis Perkins You are required to Produce a report (2000 words) for the management committee that covers the following:

1. A discussion and detailed analysis of how the financial statements demonstrate compliance to IFRSs, please provide specific examples of IFRS that explain the application

2. Using financial analytical tools and techniques provide a detailed commentary on the company’s financial performance and financial health for 2018 in comparison to the previous year.

3. Critically and coherently discuss the role of and need for national and international accounting standards in the preparation and presentation of corporate financial reporting

4. Discuss the significance of the information provided in the segmental analysis section of the financial reports and why this disclosure may be necessary for Travis Perkins.

The learning outcomes that are being assessed in this assessment are:

a) Demonstrate ability to prepare, review and/or assess a company’s financial statements ensuring compliance with national and/or international accounting standards

b) Identify, compute, and appy a range of financial analytical tools and techniques, as appropriate, in order to compare, assess or interpret a company’s financial performance and financial health over time and/or against others.

c) Critically and coherently discuss the role of and need for national and international accounting standards in the preparation and presentation of corporate financial reporting

d) Critically discuss the relationship between the regulatory and other institutional arrangements surrounding corporate reporting in different countries and corporate reporting quality