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B
C
D
E 
1 BUDGETED 
SALES 
FIGURES
2 
Jan
Feb
Mar
Total 
3 
£'000
£'000
£'000 £'000
4 
North 2,431
3,001
2,189 
7,621
5 
South 6,532
5,826
6,124 
18,482
6 
West 895
432
596 
1,923
7 
Total 9,858
9,259
8,909 
28,026
8.4 The use of spreadsheets 
Spreadsheets have many uses, both for accounting and for other purposes. It is perfectly possible, for 
example, to create proforma statements of financial position and statements of comprehensive income 
on a spreadsheet, or set up the notes for financial accounts, like the non-current assets note. 
BPP Tutor Toolkit Copy

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CHAPTER 8
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THE ROLE OF ACCOUNTING 
 
231 

 
Accounting is a way of recording, analysing and summarising transactions of a business. 

 
You may have a wide understanding of what accounting is about. Your job may be in one area or type of 
accounting, but you must understand the breadth of work which an accountant undertakes. 

 
You should be able to outline the factors which have shaped the development of financial accounting. 

 
The two most important external financial statements are the statement of financial position and the 
profit or loss account. Reports produced for internal purposes include budgets and costing schedules. 

 
Businesses prepare financial statements for 
external stakeholders
, such as shareholders, banks, 
suppliers and the Government. 
