It is a financial reporting homework and i am disprite i can’t do it any more. please i need help.
Financial Reporting on the Internet (Case study: Next Plc) The internet is a good place to get information that is useful to you in your study of accounting. For example, you can find information about current events, professional accounting organizations, and specific companies that may support your study. The NEXT retail chain was launched in February 1982 and the first store opened with an exclusive coordinated collection of stylish clothes, shoes and accessories for women. Collections for men, children and the home quickly followed. NEXT clothes are styled by its in-house design team to offer great style, quality and value for http://www.nextplc.co.uk/about-next/business-overview.aspxmoney with a contemporary fashion edge. Today NEXT trades from more than 500 stores in the UK and Eire and almost 200 stores in more than 30 countries overseas. Over the last few years several larger format fashion and home stores have opened across the UK and, in August 2011, NEXT opened its first combined fashion, home and garden store at Shoreham-by-Sea. Access the Next home web page at: www.next.co.uk. From Next’s home page and then “The Company”, click on “FINANCIAL INFORMATION”, followed by “Reports and results”, then select the year 2012 to display and download the “Annual report and accounts” January 2012 on Form PDF. Note: the financial statements of Next plc are available at: http://www.nextplc.co.uk/~/media/Files/N/Next-PLC/pdfs/latestnews/2012/ar2012.pdf Instructions Use the annual report and accounts of 2011/2012 to answer the following questions: As you learned in Unit 1, Session 3, the major environmental factors impacting on an organization can be grouped under four headings: political/legal, economic, social/demographic and technological (PEST analysis). Giving examples from the annual report, discuss the impact of each of the elements in the PEST analysis on Next Plc. [Marks (Words): 16(500)] Refer to Next’s Annual Report. Identify which basis or…
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