Common Size Statement – NBC Institute

PSAF – Dec 2023 – L2 – Q3b – Financial Statements Discussion and Analysis

Prepare a Common Size Statement of Financial Position and analyze the financial position based on the Recommended Practice Guide 2.

Question

Presented below is the Statement of Financial Position of the Consolidated Fund of Ghana as at the year ended 31 December 2021 and 2020.

Consolidated Fund of Ghana
Statement of Financial Position as at 31 December

Required:
i) Prepare a Common Size Statement of Financial Position for the year ended 31 December 2021 and 2020. (6 marks)
ii) Based on the Common Size Statement of Financial Position prepared in (i) above, write a report analyzing the financial position in line with the Recommended Practice Guide 2, Financial Statement Discussion and Analysis. (4 marks)

Answer

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Tags: Common Size Statement, Financial Analysis, Financial Position, Public Sector
Level: Level 2

Topic: Financial Statements Discussion and Analysis
Series: DEC 2023

PSAF – Nov 2021 – L2 – Q3b – Financial Statements Discussion and Analysis

Prepare a Common Size Statement of Financial Performance and analyze the financial performance of Okagya Municipal Assembly for 2020.

Question

Presented below is the Statement of Financial Performance of Okagya Municipal Assembly for the year ended 31 December 2020.

GH¢’million	2020 Actual	2019 Actual	2020 Budget
Revenues
Decentralized Transfer	16,450	12,400	20,200
IGF	22,200	25,600	34,100
Donation and Grants	1,300	1,900	2,000
Total Revenue	39,950	39,900	56,300
Expenditure
Compensation for employees	29,800	24,300	25,900
Use of goods and services	10,300	9,860	18,000
Consumption of fixed Asset	240	220	0
Interest	19,660	14,550	16,780
Grants	510	430	1,920
Other expenses	1,600	1,430	2,450
Total Expenditure	62,110	50,790	65,050
Net Operation Result	(22,160)	(10,890)	(8,750)

Required:

i) Prepare a Common Size Statement of Financial Performance for the year ended 31 December 2020.
(6 marks)

ii) Based on the Common Size Statement of Financial Performance prepared in (i) above, write a report analyzing the financial performance of Okagya Municipal Assembly in line with the Recommended Practice Guide 2, Financial Statement Discussion and Analysis.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budget Analysis, Common Size Statement, Financial Performance, Public Sector Accounting
Level: Level 2

Topic: Financial Statements Discussion and Analysis
Series: NOV 2021

PSAF – May 2020 – L1 – Q3b – Financial Statements Discussion and Analysis

Analyze the financial performance of the Consolidated Fund based on a Common Size Statement of Financial Performance.

Question

Presented below is the Statement of Financial Performance of the Consolidated Fund of Ghana.

Revenue and Expenditure Statement of the Consolidated Fund for the year ended 31 December, 2018

Required:
Based on a Common Size Statement of Financial Performance, write a report discussing and analyzing the financial performance of the Consolidated Fund in line with the Recommended Practice Guide 2, Financial Statement Discussion and Analysis.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Common Size Statement, Consolidated Fund, Financial Performance, Public Sector Accounting
Level: Level 2

Topic: Financial Statements Discussion and Analysis
Series: MAY 2020

PSAF – Dec 2023 – L2 – Q3b – Financial Statements Discussion and Analysis

Prepare a Common Size Statement of Financial Position and analyze the financial position based on the Recommended Practice Guide 2.

Question

Presented below is the Statement of Financial Position of the Consolidated Fund of Ghana as at the year ended 31 December 2021 and 2020.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Common Size Statement, Financial Analysis, Financial Position, Public Sector
Level: Level 2

Topic: Financial Statements Discussion and Analysis
Series: DEC 2023

PSAF – Nov 2021 – L2 – Q3b – Financial Statements Discussion and Analysis

Prepare a Common Size Statement of Financial Performance and analyze the financial performance of Okagya Municipal Assembly for 2020.

Question

Presented below is the Statement of Financial Performance of Okagya Municipal Assembly for the year ended 31 December 2020.

GH¢’million	2020 Actual	2019 Actual	2020 Budget
Revenues
Decentralized Transfer	16,450	12,400	20,200
IGF	22,200	25,600	34,100
Donation and Grants	1,300	1,900	2,000
Total Revenue	39,950	39,900	56,300
Expenditure
Compensation for employees	29,800	24,300	25,900
Use of goods and services	10,300	9,860	18,000
Consumption of fixed Asset	240	220	0
Interest	19,660	14,550	16,780
Grants	510	430	1,920
Other expenses	1,600	1,430	2,450
Total Expenditure	62,110	50,790	65,050
Net Operation Result	(22,160)	(10,890)	(8,750)

Required:

i) Prepare a Common Size Statement of Financial Performance for the year ended 31 December 2020.
(6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budget Analysis, Common Size Statement, Financial Performance, Public Sector Accounting
Level: Level 2

Topic: Financial Statements Discussion and Analysis
Series: NOV 2021

PSAF – May 2020 – L1 – Q3b – Financial Statements Discussion and Analysis

Analyze the financial performance of the Consolidated Fund based on a Common Size Statement of Financial Performance.

Question

Presented below is the Statement of Financial Performance of the Consolidated Fund of Ghana.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Common Size Statement, Consolidated Fund, Financial Performance, Public Sector Accounting
Level: Level 2

Topic: Financial Statements Discussion and Analysis
Series: MAY 2020

Question Tag: Common Size Statement

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PSAF – Dec 2023 – L2 – Q3b – Financial Statements Discussion and Analysis

Prepare a Common Size Statement of Financial Position and analyze the financial position based on the Recommended Practice Guide 2.

PSAF – Nov 2021 – L2 – Q3b – Financial Statements Discussion and Analysis

Prepare a Common Size Statement of Financial Performance and analyze the financial performance of Okagya Municipal Assembly for 2020.

PSAF – May 2020 – L1 – Q3b – Financial Statements Discussion and Analysis

Analyze the financial performance of the Consolidated Fund based on a Common Size Statement of Financial Performance.

PSAF – Dec 2023 – L2 – Q3b – Financial Statements Discussion and Analysis

Prepare a Common Size Statement of Financial Position and analyze the financial position based on the Recommended Practice Guide 2.

PSAF – Nov 2021 – L2 – Q3b – Financial Statements Discussion and Analysis

Prepare a Common Size Statement of Financial Performance and analyze the financial performance of Okagya Municipal Assembly for 2020.

PSAF – May 2020 – L1 – Q3b – Financial Statements Discussion and Analysis

Analyze the financial performance of the Consolidated Fund based on a Common Size Statement of Financial Performance.

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PSAF – Dec 2023 – L2 – Q3b – Financial Statements Discussion and Analysis

Prepare a Common Size Statement of Financial Position and analyze the financial position based on the Recommended Practice Guide 2.

You're reporting an error for "PSAF – Dec 2023 – L2 – Q3b – Financial Statements Discussion and Analysis"

PSAF – Nov 2021 – L2 – Q3b – Financial Statements Discussion and Analysis

Prepare a Common Size Statement of Financial Performance and analyze the financial performance of Okagya Municipal Assembly for 2020.

You're reporting an error for "PSAF – Nov 2021 – L2 – Q3b – Financial Statements Discussion and Analysis"

PSAF – May 2020 – L1 – Q3b – Financial Statements Discussion and Analysis

Analyze the financial performance of the Consolidated Fund based on a Common Size Statement of Financial Performance.

You're reporting an error for "PSAF – May 2020 – L1 – Q3b – Financial Statements Discussion and Analysis"

PSAF – Dec 2023 – L2 – Q3b – Financial Statements Discussion and Analysis

Prepare a Common Size Statement of Financial Position and analyze the financial position based on the Recommended Practice Guide 2.

You're reporting an error for "PSAF – Dec 2023 – L2 – Q3b – Financial Statements Discussion and Analysis"

PSAF – Nov 2021 – L2 – Q3b – Financial Statements Discussion and Analysis

Prepare a Common Size Statement of Financial Performance and analyze the financial performance of Okagya Municipal Assembly for 2020.

You're reporting an error for "PSAF – Nov 2021 – L2 – Q3b – Financial Statements Discussion and Analysis"

PSAF – May 2020 – L1 – Q3b – Financial Statements Discussion and Analysis

Analyze the financial performance of the Consolidated Fund based on a Common Size Statement of Financial Performance.

You're reporting an error for "PSAF – May 2020 – L1 – Q3b – Financial Statements Discussion and Analysis"

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