Question

In: Accounting

This assignment is designed to get you to locate the Annual Report for a company and...

This assignment is designed to get you to locate the Annual Report for a company and become familiar with its contents, particularly the financial statements and the notes to the financial statements (LO 2 and 3). While we have looked at very basic formats of the financial statements, the financial statements for a company contain much more detailed information much of which you have not been introduced to yet. Pay attention in the Annual Report to the information provided in the notes to the financial statements as you will find a lot of useful information in them that may help with some of the assignment questions.

This questioned need to based in JB HIFI ANNUAL REPORT 2019

Question 1 Describe the principal activities of the company? (1 mark)

Question 2 Define the revenue recognition criteria of the company and identify the page number and note number where this is stated in the annual report?

Question 3 Describe how the company values all classes of property, plant and equipment? Identify the page number and note number where this is stated in the annual report?

Question 4 Name the Audit firm responsible for performing the audit of the financial statements of the company. Explain why the auditor must declare their independence, and also explain why the financial statements must be audited by an external party.

Question 5 Provide any evidence of the company’s initiative or commitment to business sustainability practices. Why are businesses concerned about sustainability?

PART B ‐ ANALYSIS OF COMPANY’S FINANCIAL INFORMATION

Question 1 Using the company financial information, analyse and compare their 2018 and 2019 financial data by answering the following questions (you should analyse 2 ratios for each question):

A. Calculate the efficiency of the company by identifying and calculating two efficiency ratios. You need to calculate the two ratios for 2018 and 2019 (2 mark).

B. You must also explain what the efficiency ratio results tell us about the company performance occurring between the 2 periods (1 mark). Has the company’s efficiency improved or deteriorated? (1 mark)

C. Analyse the profitability of the company by identifying and calculating two profitability ratios. You need to calculate the two ratios for 2018 and 2019 (1 mark).

D. You must also explain what the profitability ratio results tell us about the company performance occurring between the 2 periods. (1 mark) Has the company’s profitability improved or deteriorated? (1 mark)

E. Analyse the company debt position by identifying and calculating two ratios. You need to calculate the two ratios for 2018 and 2019 (1 mark).

F. You must also explain what the debt ratio results tell us about the company performance occurring between the 2 periods. (1 mark). Has the company’s debt position improved or deteriorated? (1 mark)

Solutions

Expert Solution


Related Solutions

Locate the audited financial statements in the 2019 Walmart Annual Report and 2019 Target Annual Report....
Locate the audited financial statements in the 2019 Walmart Annual Report and 2019 Target Annual Report. Perform the following ratios: Current, Quick, A/R Turnover/Inventory Turnover/Debt to Equity, times interest earned, gross profit, profit margin, return on assets, return on sales
Publicly traded corporations are required to file an annual report each year. Please locate an annual...
Publicly traded corporations are required to file an annual report each year. Please locate an annual report for a publicly traded corporation. In your post, attach a copy of the latest annual report you found. Summarize what the company you chose does, and state what type of business this company is in. Would the company fall under the category of a service, merchandising, or manufacturing operation? Explain how this is evident in the financial statements. Summarize what you found in...
Publicly traded corporations are required to file an annual report each year. Please locate an annual...
Publicly traded corporations are required to file an annual report each year. Please locate an annual report for a publicly traded corporation. In your post, attach a copy of the latest annual report you found. Summarize what the company you chose does, and state what type of business this company is in. Would the company fall under the category of a service, merchandising, or manufacturing operation? Explain how this is evident in the financial statements. Summarize what you found in...
Publicly traded corporations are required to file an annual report each year. Please locate an annual...
Publicly traded corporations are required to file an annual report each year. Please locate an annual report for a publicly traded corporation. In your post, attach a copy of the latest annual report you found. Summarize what the company you chose does, and state what type of business this company is in. Would the company fall under the category of a service, merchandising, or manufacturing operation? Explain how this is evident in the financial statements. Summarize what you found in...
corporate annual report assignment evaluate a annual report for johnson & johnson financial and operational standing...
corporate annual report assignment evaluate a annual report for johnson & johnson financial and operational standing for the most recent fiscal year
Annual Report Assignment: Select an annual report, review the financial statements and related notes and answer...
Annual Report Assignment: Select an annual report, review the financial statements and related notes and answer the following questions. 1.Name of Company 2.Describe the company you have selected and identify the company type, i.e. Service firm, merchandiser, manufacturer, etc. 3.What is the company’s year-end and was it profitable in the most recent fiscal year? 4.Based on your review of the financial statements and the related notes to the financial statements were all of your questions about the company answered? Would...
The purpose of this assignment is to research and review the annual report for a selected...
The purpose of this assignment is to research and review the annual report for a selected company. Throughout the course you will be applying what you learn about the principles and practices of financial accounting by completing an ongoing project based upon a Fortune 500 company traded on the New York Stock Exchange (NYSE) or National Association of Securities Dealers Automated Quotations (NASDAQ). The project will include six assignments, each focusing on the analysis of financial information from various parts...
use either EDGAR or a companys website to locate their annual report. discuss a few highlights...
use either EDGAR or a companys website to locate their annual report. discuss a few highlights of their financial statements including the definition of the line items you are highlighting and what it tells you about the company
This assignment is designed to develop your analytical and managerial skills. In this assignment, you will...
This assignment is designed to develop your analytical and managerial skills. In this assignment, you will imagine that you are the CTO (Chief Technology Officer) of a 25 employees consultancy company of your choice. As CTO, you must create and disseminate a policy to enforce information security in your company. Write a 2 pages report that summarizes the new policy of protecting the company’s information assets with at least 10 (ten) fundamental rules to be followed by the employees. Be...
After reviewing the website, locate the latest comprehensive annual financial report (CAFR) available on the website....
After reviewing the website, locate the latest comprehensive annual financial report (CAFR) available on the website. For example, both the City of Sacramento and the City of Phoenix have their most recent Cafes online within an accounting /financial/section. Use the financial statement you locate to answer the following questions: - How does the audit opinion given to this city by its independent auditors differs from the audit opinion rendered on the financial statements for a profit business? - A reconciliation...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT