Wesfarmers group is one of the largest retail sector in Australian market that are listed in Australian stock exchange. The business operations of organization is diverse that involves hotel, supermarket, liquor, departmental store, home improvement and has several industrial divisions such as chemical, fertilizers and coal.
The profit attributable to the parent company members has reduced drastically from $ 2440 in year 2015 to $ 407 in ear 2015. Component of profit involves comprehensive income, retained earnings and cash flow hedge reserves (Zhang & Ni, 2016). There was no cash flow hedge reserves in current year.
Dividend- Dividend payment is an important component of shareholder return. Payment of dividend to shareholders in year was recorded at $ 2270 million.
Earnings per share- The diluted and basic earnings per share stood at same value in year 2016. Earning per share for year 2016 was calculated at 36.2 as against 216.1 in year 2015 that indicated a considerable fall.
Return on equity-Return on equity indicates the return generated to shareholders and it can be seen from figure that ratio has fallen in year 2016. Return on equity was recorded at 1.71% in year 2016 as compared to 9.61% and 10.34% in year 2015 and 2014 respectively (Marshall, 2016).
Working capital ratio- Working capital ratio is calculated at 0.93 for two consecutive years as against 1.13 in year 2014. This indicates that liquidity position of organization has reduced in recent year.
Risk and mitigation- For managing the risks associated with organization, Wesfarmers group has risk management framework. The importance of identifying, managing and monitoring material risks associated with group’s activities is recognized by organization. Operations of business or competitive dynamics might be affected by affected by several level of risks (Shevelev et al., 2017). In order to deal with issues relating to business activities, organization has appropriate strategies in place.
Sustainability- Sustainability is one of the factors that has helped organization in achieving competitive advantage over its competitors. Consistent performance of organization has helped in remaining sustainable.
Corporate governance- While preparing several reports and carrying out their business activities, Wesfarmers intends to complies with the corporate governance principle that is listed in the standard of ASX corporate governance principal.
Income statement- Income statement of Wesfarmers group provides with status of revenue, expenses, earning before income and tax, earning per share and profits that is attributable to parent company members. There has been significant fall in profit from $ 2440 million in year 2015 to $ 407 in year 2016 (wesfarmers.com.au 2017).
Balance sheet- Balance sheet of Wesfarmers has two main items that involve total value of assets and total value of liabilities. Total value of assets is recorded at $ 40783 in year 2016 that involves the value of current assets and current liabilities. Total value of total for year $ 17834 in year 2016 and other items involve total value of equity that stood at $ 22949 (wesfarmers.com.au 2017).
Net profit after tax-
Particulars |
Amount ($ m) |
Net profit after tax |
|
2016 |
2353 |
2015 |
2440 |
2014 |
2689 |
2013 |
2,261 |
2012 |
2126 |
Wesfarmers has been performing consistently in past few years, although there has been fall in profit. Nonetheless, there is scope for improving the efficiency of operations of organization. Performance of Wesfarmers can be enhanced if there is efficient utilization of existing assets. Therefore, Vikram should invest its $ 50000 in organization that would generate stable return in ling-run.
Zhang, L., & Ni, G. A. (2016). Research on Accounting Information System Based on Business Process. International Journal of Simulation--Systems, Science & Technology, 17(7).
Marshall, D. (2016). Accounting: What the numbers mean. McGraw-Hill Higher Education.
Shevelev, A. E., Sheveleva, E. V., & Gvozdev, M. Y. (2017). Methods of internal control in integrated management accounting system of the enterprise. In SHS Web of Conferences (Vol. 35, p. 01115). EDP Sciences.
Wesfarmers.com.au. (2017). Retrieved 19 September 2017, from https://www.wesfarmers.com.au/docs/default-source/reports/2016-annual-report.pdf?sfvrsn=4To export a reference to this article please select a referencing stye below:
My Assignment Help. (2019). Accounting Systems Of Wesfarmers Group. Retrieved from https://myassignmenthelp.com/free-samples/accounting-systems-of-wesfarmers-group.
"Accounting Systems Of Wesfarmers Group." My Assignment Help, 2019, https://myassignmenthelp.com/free-samples/accounting-systems-of-wesfarmers-group.
My Assignment Help (2019) Accounting Systems Of Wesfarmers Group [Online]. Available from: https://myassignmenthelp.com/free-samples/accounting-systems-of-wesfarmers-group
[Accessed 20 January 2021].
My Assignment Help. 'Accounting Systems Of Wesfarmers Group' (My Assignment Help, 2019) <https://myassignmenthelp.com/free-samples/accounting-systems-of-wesfarmers-group> accessed 20 January 2021.
My Assignment Help. Accounting Systems Of Wesfarmers Group [Internet]. My Assignment Help. 2019 [cited 20 January 2021]. Available from: https://myassignmenthelp.com/free-samples/accounting-systems-of-wesfarmers-group.
MyAssignmenthelp.com boasts a pool of 3000+ experts from different backgrounds, who are solely dedicated to providing premier quality assignment help. Due to the diversity in our expert team, we are capable of providing academic assistance in more than 100 subjects. Some of our popular services include math assignment help, economic assignment help, accounting assignment help, statistics assignment help, law assignment help and more at a reasonable price.
Answer: Introduction Budgeting is termed as a systematic process planning through which an individual or an organization can manage their spending by making optimum use of available resources. In the context of the present era, the budgeting process plays an important role in handling different expenditures of the company with reference to income generation capabilities (Rubin, 2016). A budget is termed as an important tool through which a sy...
Read MoreAnswer: McDonalds is the most popular fast food chain of the world and has its branches spread over various nations. McDonalds has been operating in Australia from a long time but in the recent time there had been certain controversies surrounding it. It raised many questions on the working and trust of this chain and there were various questions inflicted on it for the same. As McDonalds was in news for importing cheaper raw materials like p...
Read MoreAnswer: 1. BPMN activity model and REA UML Class model for Sales Process of YNF 1.1 BPMN activity model for the Sales Process 1.2 REA UML Class Model for the Sales Process 2. Analysis on risks and weaknesses of YNF In context to COSO’s principle 16 for monitoring activities, the organization does not considers a mix of ongoing and separate evaluations due to which there are various problems being faced in their business process. ...
Read MoreAnswer: Overview This project depicts the importance of using the concept of Information and communication Technology for managing any business. It is expected that business related issues and the operation and functional issues that may simultaneously interrupt the success of the business can be completely mitigated with the help of ICT project management concept. In order to operate the business successfully, Maria Piscatore decided to deve...
Read MoreAnswer: Introduction: The BlueScope company was established in 1915 as a manufacturing company in the Australian economy. The company has since then been periodically developing until today. The company is fit for analysis in this research because it is a substantial and an international company that does not only operate in Australia but other countries in Asia. The company is strategically determined to improve its popularity regardin...
Read MoreJust share requirement and get customized Solution.
Orders
Overall Rating
Experts
Our writers make sure that all orders are submitted, prior to the deadline.
Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.
Feel free to contact our assignment writing services any time via phone, email or live chat. If you are unable to calculate word count online, ask our customer executives.
Our writers can provide you professional writing assistance on any subject at any level.
Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.
Get all your documents checked for plagiarism or duplicacy with us.
Get different kinds of essays typed in minutes with clicks.
Calculate your semester grades and cumulative GPa with our GPA Calculator.
Balance any chemical equation in minutes just by entering the formula.
Calculate the number of words and number of pages of all your academic documents.
Our Mission Client Satisfaction
Im certain very pleased with the work done.All my requirements were very in detail meet. Thank you
Australia
You wont believe who just got 93% on the first assignment i asked you guys to do for me. Keep up the good work guys. I'm definitely going to tell my friends
Australia
The outcome was very good and satisfactory.I am planning to submit more assignments in near future.
Australia
Work delivered as requested, ahead of the deadline. Fully referenced, could not have asked for more. Thanks guys & gals!
Australia