1. Critically analyse, with the help of detailed examples, the distinctive features of financial statments, accounting standards and reporting requirements of the following organisation types:a) Sole traders (self-employed) b) Limited Companiesc) Not-for-Profit OrganisationsHighlight the main differences between the ways in which each organisation type reports its financial performance during and at the end of each financial year. Incorporate real business examples wherever possible. (30% guideline 900 words)2. the following Public companies Listed on the London Stock Exchange:Sainsbury plca) Carry out a financial analysis of your chosen company performance over the past three years. Illustrate your answer with example calculations of financial and non-financial ratios. Please attach a spreadsheet of your calculations as an Appendix. (60% guideline 1800 words)b) What are the limitations of interpreting year end accounts and why must you be cautious when drawing conclusions (10% guideline 300 words3000 word essay with harvard referencing and cititation.