Answer to Question #81085 in Finance for Like Heron

Question

Undertake your own research to collect three pieces of financial data. Each piece of data must come from a different source. Submit a copy of the data and your comments in response to these activities to your trainer/ assessor.

Summarise the data.
Evaluate the usefulness of the data to those who might be required to provide a report on financial activity.
Describe how you could index the data to ensure it can be quickly located and referred to later. Be specific.

Response will depend on the financial data chosen. You can might select a bank statement, balance sheet, budget, cheque book, invoice, profit and loss statement, financial report and/or statistical data.

You could obtain financial data from the ABS, a financial market monitoring service, the internet or a trading organisation. You could use financial data prepared for their your own purposes or received from a third party such as a bank.

The summary provided should accurately reflect the data that you have collected.

Answer 1

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