Solve this balance sheet picture by horizontal analysis and write why it's decrease and increase in percentage : THE FIRST MAZOON FUNDSTATEMENT OF FINANCIAL POSITIONAS AT 31 DECEMBER 201920192018NoteROROAssets3(a)6,052,5105,576,912Financial assets at fair value through profit or lossCash and cash equivalents41,961,5213,525,077Other receivables5262,139Total assets8,014,5579,104,128LiabilitiesAccruals and other payables550,66440,698Amount due to brokersNet assets attributable to the unitholders120,2958,943,1357,963,893Total liabilities and net assets attributable to the unitholders8,014,5579,104,128Net assets value per unit attributable to the unitholders121.1241.077These financial statements were approved and authorised for issue by the Members of the Management Body ondolo2/2020and were signed on their behalf by:Member/Management BodyChairmanManagement BodyThe notes on pages 8 to 29 form an integral part of these financial statements.Independent auditor's report - pages I to 3Page: 4

The comparative analysis involves horizontal as well as vertical analysis whereas horizontal…

Answered: THE FIRST MAZOON FUND STATEMENT OF…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Solve this balance sheet picture by horizontal analysis and write why it's decrease and increase in percentage :

THE FIRST MAZOON FUND
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2019
2019
2018
Note
RO
RO
Assets
3(a)
6,052,510
5,576,912
Financial assets at fair value through profit or loss
Cash and cash equivalents
4
1,961,521
3,525,077
Other receivables
526
2,139
Total assets
8,014,557
9,104,128
Liabilities
Accruals and other payables
5
50,664
40,698
Amount due to brokers
Net assets attributable to the unitholders
120,295
8,943,135
7,963,893
Total liabilities and net assets attributable to the unitholders
8,014,557
9,104,128
Net assets value per unit attributable to the unitholders
12
1.124
1.077
These financial statements were approved and authorised for issue by the Members of the Management Body on
dolo2/2020
and were signed on their behalf by:
Member/
Management Body
Chairman
Management Body
The notes on pages 8 to 29 form an integral part of these financial statements.
Independent auditor's report - pages I to 3
Page: 4

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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