Areas to focus on and additional information
Generally up to 1½ marks for each explanation of area to focus on:
– Equity owners of Mizzen Co and involvement of BizGrow
– Key skills and expertise
– Internally generated intangible assets
– Premises
– Other intangible assets
– Accounting policy on revenue recognition
– Sustainability and relevance of revenue streams
– Operating expenses
– Finance charges
– Cash management
1 mark for each specific additional information recommended:
– Contract or legal documentation dealing with BizGrow’s investment in Mizzen Co
– A register of shareholders showing all shareholders of Mizzen Co
– An organisational structure
– A list of employees and their role within the company, obligations and compensation
– A list of freelance web designers used by Mizzen Co, and a description of the work they perform
– The key terms of contracts or agreements with freelance web designers
– A list of all IT innovations which have been created and developed by Mizzen Co, and details of any
patent or copyright agreements relating to them
– Agreements with employees regarding assignment of intellectual property and confidentiality
– Copies of the customer databases 
– A list of companies which have contracts with Mizzen Co for website development and maintenance
– A copy of all contracts with customers for review of the period for maintenance 
– A breakdown of the revenue that has been generated from making each database available to other
companies, and the dates when they were made available
– A summary of the controls which are in place to ensure that the database details are regularly
updated
– A copy of the premises rental agreement with BizGrow
– Non-current asset register showing descriptions and values of all assets used in the business
– Copies of any lease agreements
– Details of any capital expenditure budgets for previous accounting periods, and any planned capital
expenditure in the future
– Mizzen Co’s stated accounting policy on revenue recognition
– Systems and controls documentation over the processing of revenue receipts
– Analysis of expenses included in operating expenses for each year and copies of documentation
relating to ongoing expenses such as salaries and other overheads
– Copies of management accounts to agree expenses in the audited accounts are in line and to perform
more detailed analytical review
– The full set of financial statements and auditor’s reports 
– Any agreements with banks or other external providers of finance

Maximum marks 16