Apply the accounting cycle and the business process of accounting information systems

Task: Unit Learning Outcomes 1. Use the language of financial accounting and financial reporting 2. Explain the purpose, content, format and practical applications of the following financial statements, the Profit and Loss Statement, the Balance Sheet, the Statement of Cash Flows and the relationship between these financial statements 3. Apply the accounting cycle and the business process of accounting information systems and their ethical implications 4. Use financial information to support management decision making for solving both programmed and non-programmed business problems 5. Apply the Principle of Double entry system efficiently Assessment Description In this individual assignment, you are required to write a business report which has to include Executive Summary, Introduction, Main Body, Recommendations and Conclusions.