$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Annual Report Analysis And Interpretation

tag 0 Download4 Pages 837 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT


1.Compare the key aspects of the allocated company’s report to those of a company in another industry?

2.Reflect on learning experience of the overall subject: your expectations of the subject content and outcomes, level of difficulty, contributions to your career path?


1.Industry and strategy

For the comparison, Navistar Company has been used. Navistar Company is leading truck manufacturer and has made different position in most of the countries. Navistar Company has been operating business in logistics and transportation industry and has been principally registered in United States (Navistar Limited Annual Report, 2016). Strategy of Navistar Company is to innovate new technologies and leading from the front. Woolworth is engaged in retail industry and has been registered its business at Australia.

Accounting policies

Following are some accounting policies that Navistar Company had adopted while preparing and presenting annual accounts in 2016:

  • Basis of presentation and consolidation is different for both the companies. Woolworth limited’s fiscal year ends at 26 June and Navistar Company’s year-end at31 October (Navistar Limited Annual Report, 2016).
  • Out of period adjustments (i.e. 2014) are done only in Navistar Company’s accounts
  • Disclosure and presentation of Variable Interest Entities takes place only in Navistar Company account
  • Foreign currency accounting policy also differs on the basis of different types of currency used. Consolidated financial statements of Woolworths limited includes conversion in Australian dollar and presentation in AUD. On the other hand, Navistar Company’s accounts are presented in US dollar and are converted into US dollar only.
  • While preparing accounts or financial statements Woolworth limited used and followed Australian accounting standards and Navistar Company uses Generally Accepted Accounting Principles (Nino, 2011).

Financial policies

Financial policies are those policies which is related to policies, strategies, regulations and supervision of receipts & payments system and

Revenue is recognised when: there is persuasive evidence of revenue, price of transaction is fixed, collectability is assured and sale / delivery of product have been affected. Navistar Company uses US GAAP for this and Woolworths limited uses Australian accounting standard.  While Woolworth limited uses Australian accounting standard 15 for their revenue recognized. On the other hand, Navistar limited recognise revenue on the basis of each and every contract made with particular customers. While Woolworth does not undergo with any contract with its customers and sales has been recorded as and when it take place. Trade receivables management of both the companies are different too (Woolworths Limited Annual Report, 2016). In case of Navistar limited, receivables are managed according to the classification of the same. Presentation in financial statements of receivables of Woolworths limited includes GST amount while Navistar limited does not account for the same.

Environmental and social practices

Both companies have adopted environmental and social practices that are required under regulations and both are well aware of environmental and social impact. In case of Navistar limited they has adopted and followed environmental protection law guidelines, Comprehensive Environmental Response and Compensation and Liability Act prevailing in United States. While on the other hand, Woolworths limited has been following local government regulations, food licensing requirements and provisions related to environmental and town planning (Galeazzo and Klassen, 2015).

Corporate governance

Both the companies are responsible towards their legal compliances. Navistar limited has been making compliance with accidental litigations, commercial litigations, product warrantees and product liabilities. While Woolworths limited has been able to manage its legal compliances related to environmental protection, food safety, compliances related to maintaining hygiene, etc.


4. While completing the course and these assignments, I have learnt and developed knowledge of reading and understanding annual reports of the business organisation. While completing this subject, I had developed great understanding of analysing annual report of business entities. This subject content is research based and therefore skills related to research has been developed.

My expectations from the subject are to develop skill of analysing financial and non financial aspects or information of the business entities. During initial days of subject or assignment, I had faced some difficulties related to research aspect i.e. how to undergo entity’s annual report and from where relevant and reliable information can be find. But at the time of completion of this assignment, critical analysis and understanding financial and non financial areas of the business organisation has been developed. This ability will significantly contribute in career development as in future period of time i.e. while working with organisation; I will be able to understand various aspects of business operation. At the same time, I will be able to contribute in decision making process of business organisation.



Galeazzo, & Klassen., 2015, Organizational context and the implementation of environmental and social practices: What are the linkages to manufacturing strategy? Journal of Cleaner Production, vol 108, pp 158-168.

Navistar Limited Annual Report, 2016. Navistar Limited Annual Report, 2016. Navistar Limited, pp.9-55.

Nino Serdarevic., 2011, Accounting Policies and Financial Analysis Interdependences - Empirical Evidence. Economic Review: Journal of Economics and Business, vol IX, no 1, pp 17-30.

Woolworths Limited Annual Report, 2016, Woolworths Limited Annual Report, 2016. Woolworths Limited, pp.10-60.


Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Annual Report Analysis And Interpretation. Retrieved from

"Annual Report Analysis And Interpretation." My Assignment Help, 2018,

My Assignment Help (2018) Annual Report Analysis And Interpretation [Online]. Available from:
[Accessed 07 April 2020].

My Assignment Help. 'Annual Report Analysis And Interpretation' (My Assignment Help, 2018) <> accessed 07 April 2020.

My Assignment Help. Annual Report Analysis And Interpretation [Internet]. My Assignment Help. 2018 [cited 07 April 2020]. Available from:

With time, has become one of the best college essay writing services. Our all rounded services give students the confidence to overcome assignment related issues. Our services are fast enough to meet most urgent deadlines. We are capable of delivering fast essay writing services with the help of our specially designed provisions and writers' teams. Our urgent essay help services guarantee most rapid delivery of assignment solutions. Some of our most popular essay services are application essay help, exploratory essay help, literary review essay help and argumentative essay help.

Latest Accounting Samples

ACC307 Accounting Theory

Download : 0 | Pages : 9
  • Course Code: ACC307
  • University: Elite Education
  • Country: Australia

Answer: Introduction A conceptual framework forms the structure of ideas and objectives that helps to create accounting rules and standards. The norms and standards that are placed in the conceptual framework describes the distinctiveness, the functions and boundaries of financial accounting and statements. This framework is also used as a basis for solving disputes in accounting.          The Statemen...

Read More arrow

ACC204 Accounting Management Assignment

Download : 0 | Pages : 4
  • Course Code: ACC204
  • University: The University Of Sydney
  • Country: Australia

Answer: Question 1 Straight Line Method                 2012 2013 2014 2015 2016 2017 Cost of Truck 65000             Residual Value 5000             Depreciation ...

Read More arrow Tags: Australia Brighton Humanities Computing Theory University of Sydney 

ACC6015 Corporate Accounting And Reporting

Download : 0 | Pages : 6
  • Course Code: ACC6015
  • University: Edith Cowan University
  • Country: Australia

Answer: Introduction: The main principles relating to the impairment is that an asset is not allowed to be carried into the financial report further than its recoverable value which is more than the assets fair value less its cost of sales and its usable value (Chen, Shroff and Zhang 2017). The carrying amount of the asset is then matched with the recoverable sum and then the asset is tested for impairment when the carrying value goes pas the r...

Read More arrow

ACC00715 Professional Auditing

Download : 0 | Pages : 4

Answer: Introduction This article demands the role of accountants in the field of auditing and assurance as explored in the website of International Federation of Accountants. For this purpose, the textbook consulted is 3rd edition (2017) of Auditing: A Practical Approach by Robyn Moreney, Fiona Campbell and Jane Hamilton. The discussion is related to the specific module of Audit and Assurance on the basis of the text book and different pa...

Read More arrow

HI5017 Managerial Accounting And Assessment Policy

Download : 0 | Pages : 13

Answer: Introduction The purpose of the report is to prepare the budgeted income statement of the ASX listed company that is Austar gold limited. The master budget along with their elements will be explained in the report. These elements of the master budget contribute effectively for preparing the accurate budget. The comparison of the top-down and bottom-up approach has been done which will help in analysing the suitable approach for the co...

Read More arrow Tags: Australia Glebe Management Evaluating the Advocacy of CPTED University of Melbourne 

Save Time & improve Grades

Just share your requirements and get customized solutions on time.

We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits




Overall Rating



Our Amazing Features


On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.


Plagiarism Free Work

Using reliable plagiarism detection software, only provide customized 100 percent original papers.


24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.


Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.


Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

230 Order Completed

97% Response Time

Liya Han

Master Of Science in Geotechnical Engineering (MSc Geotec)

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 4/5

2594 Order Completed

95% Response Time

Michael Johnson

Masters of MSc in Economics

Washington, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

755 Order Completed

95% Response Time

Douglas Cowley

Masters in Finance with Specialization in Audit

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2279 Order Completed

97% Response Time

Zachary Perez

PhD in Computer Science and Information System

Washington, United States

Hire Me

FREE Tools


Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.


Essay Typer

Get different kinds of essays typed in minutes with clicks.


GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.


Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.


Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability




Your Approx Earning

Live Review

Our Mission Client Satisfaction

Great job , quick response. Will call back again , highly recommend ...............


User Id: 5475 - 07 Apr 2020


student rating student rating student rating student rating student rating

Great help. This website saved my life because I was behind in submitting and I have a jobwhich prevented me from completing the assignment. Thank you My Assignment


User Id: 376077 - 07 Apr 2020


student rating student rating student rating student rating student rating

I passed this particular course with very good. I hope to pass the other ones too. I am very happy


User Id: 347880 - 07 Apr 2020


student rating student rating student rating student rating student rating

The assigment u have sent me I think it’s fine but instead of I believe or I u can write student believe or like this it’s should not be I


User Id: 399433 - 07 Apr 2020


student rating student rating student rating student rating student rating
callback request mobile
Have any Query?