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

Error goes here

HI5020 Corporate Accounting

tag 0 Download15 Pages / 3,530 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Select two public limited companies listed on the Australian Securities Exchange (ASX) that are in the same industry. Go to the website of your selected companies. Then go to the Investor Relations section of the website. This section may be called, “Investors”, “Shareholder Information” or similar name.
In this section, go to your companies’ annual reports and save to your computer your firms’ latest annual reports consecutively for last three years. Do not use your companies’ interim financial statements or their concise financial statements. Please read the financial statements (balance sheet, income statement, statement of changes in owner’s equity, cash flow statement) very carefully. Also please read the relevant footnotes of your companies’ financial statements carefully and include information from these footnotes in your answer. 
You need to do the following tasks: 
Owners Equity
(i) From your companies’ financial statements, list each item of equity and write your understanding of each item. Discuss any changes in each item of equity for your firms over the past year articulating the reasons for the change. 
(ii) Provide a comparative analysis of the debt and equity position of the two firms that you have selected. 
Cash Flow Statement
(iii) From the financial statement of your chosen companies, list each item reported in the cash flows statement and write your understanding of each item. Discuss any changes in each item of cash flows statement for your companies over the past years articulating the reasons for the change. 
(iv) Provide a comparative analysis of your companies’ three broad categories of cash flows (operating activities, investing activities, financing activities) and make a comparative evaluation for three years. 
(v) Also provide a comparative analysis of the two companies that you have selected explaining the insights that you can get from the comparative analysis.
Other COMPREHENSIVE INCOME Statement
(vi) What items have been reported in the other comprehensive income statement for each company?
(vii) Why have these items not been reported in Income Statement/Profit and Loss Statements?
(viii) Provide a comparative analysis of the items shown in the other comprehensive income statement section for the two companies. If these items were included in the income statement / profit and loss statements of each company, how would the
profit attributable to shareholders of the company be affected?
(ix) Should other comprehensive income be included in evaluating the performance of managers of the company?
ACCOUNTING for CROPORATE Invome Tax
(x) What are the tax expenses shown in the latest financial statements of the two companies that you have selected? 
(xi) Calculate the effective tax rate for both companies that you have selected. Effective tax rate is calculated as (income tax expense / earnings before tax). Which one of the companies has the higher effective tax rate? 
(xii) Comment on deferred tax assets/liabilities that is reported in the balance sheet articulating the possible reasons why they have been recorded.
(xiii) Was there any increase or decrease in the deferred tax assets or in the deferred tax liability reported by each of your selected companies?
(xiv) Please calculate the cash tax amount for both companies using the book tax amount, changes in the deferred tax assets and deferred tax liability (please do your own research for your better understanding of these concepts and the method of calculating the cash tax amount the book tax amount.) 
(xv) Calculate the cash tax rate for both companies. Which company has higher cash tax rate? (Please do your own research to familiarise yourself with how to calculate cash tax rate). 
(xvi) Why is the cash tax rate different from the book tax rate?
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Upload
Unique Document

Document
Under Evaluation

Get Money
into Your Wallet

Total 15 pages, 1 USD Per Page

Cite This Work

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

My Assignment Help (2021) Corporate Accounting [Online]. Available from: https://myassignmenthelp.com/free-samples/hi5020-corporate-accounting/financial-statements-of-accounts.html
[Accessed 23 April 2021].

My Assignment Help. 'Corporate Accounting' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/hi5020-corporate-accounting/financial-statements-of-accounts.html> accessed 23 April 2021.

My Assignment Help. Corporate Accounting [Internet]. My Assignment Help. 2021 [cited 23 April 2021]. Available from: https://myassignmenthelp.com/free-samples/hi5020-corporate-accounting/financial-statements-of-accounts.html.


Bid a permanent farewell to the panic attacks of not being able to handle the humongous marketing syllabus looming alongside clashing assignments. Hire the best marketing assignment help services and tackle all the pending tasks efficiently. Our expert writers possess technical knowledge, along with a sound understanding of all the marketing rules. With them by your side, you are bound to submit perfect marketing assignments and score better marks.

Latest Accounting Samples

AC50026E Financial Accounting

Download : 0 | Pages : 3

Answer Performance Factors Green King Plc There are certain financial as well as non-financial factors that have affected the financial performance of Green King Plc. There is decrease in the gross profit of the company and decrease in total revenues and operating profit can be considered as the factors responsible for this. According to the annual report of Green King Plc, factors affecting the operating profit of the company are increased ...

Read More arrow

MA503 Professional Accounting

Download : 0 | Pages : 7

Answer: External benefits or external cost either in consumption or in production process interrupts efficient resource allocation. These are benefits or costs that though present in economic transaction but are not accounted by the direct parties involve in the transaction. Such benefits and costs are thus not reflected in the market price. External cost refers to the additional cost present in the production process affecting the third party...

Read More arrow

N400 Accounting And Finance

Download : 0 | Pages : 10

Answer: Introduction  Goodflow Plc is the house building entity that is planning to build 200 houses on development site during the next 4 years. 2 types of houses will be build that is small houses and large houses. Cost for the houses will involve the variable construction cost and fixed variable cost that will be expensed for construction of utilities, garden drainage and new roads. The main purpose of the report is to evaluate the vi...

Read More arrow

ACFI3009 Contemporary Accounting Issues

Download : 0 | Pages : 7

Answer: Introduction The present report is developed for carrying out an analysis of the annual report of ANO Advance Nanotek Ltd as per the conceptual framework of accounting. The company is recognized as a specialist developer and manufacturer of advanced materials and is listed on the ASX. The company needs to comply with characteristics of accounting conceptual framework (CF) as stated by the IASB. IASB has developed the conceptual accoun...

Read More arrow

BE313 Portfolio Analysis

Download : 0 | Pages : 5

Answers: Part 1:  The stock prices of Samsung, Apple and Google since September 27, 2018 are provided below to understand the fluctuations that have taken place in the share prices of the respective companies over the last 22 trading days. The table below shall be helpful in assessing the return during the period between 27th September, 2018 and 30th October, 2018.    Date Samsung Apple Google ...

Read More arrow
Next

Save Time & improve Grade

Just share requirement and get customized Solution.

watch
question
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

Add File

Error goes here

1,660,947

Orders

4.9/5

Overall Rating

5,122

Experts

Our Amazing Features

delivery

On Time Delivery

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

work

Plagiarism Free Work

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

time

24 X 7 Live Help

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.

subject

Services For All Subjects

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

price

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

416 Order Completed

95% Response Time

Tyler Moore

MBA in Accounting

Washington, United States

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

1265 Order Completed

97% Response Time

James Cook

Masters in Management

Wellington, New Zealand

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

798 Order Completed

97% Response Time

Benjamin Blakeman

MSc in Medical Technology

London, United Kingdom

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

FREE Tools

plagiarism

Plagiarism Checker

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

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

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

referencing

Chemical Equation Balancer

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

calculator

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

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

So satisfied with this expert, they were able to go over and beyond to make sure I get a good grade on this assignment. Thanks again

flag

User Id: 497364 - 22 Apr 2021

Australia

student rating student rating student rating student rating student rating

They did a great job on my literature project. I got an A on that and the other ones as well.

flag

User Id: 656932 - 22 Apr 2021

Australia

student rating student rating student rating student rating student rating

Thank you turnit in reports shows only 2 % of similarity....Thank you so much I like the system

flag

User Id: 630877 - 22 Apr 2021

Australia

student rating student rating student rating student rating student rating

great work, plagiarism free, recieved good feedback .................................

flag

User Id: 606594 - 22 Apr 2021

Australia

student rating student rating student rating student rating student rating

Order on the go!

Say hello to our new app

callback request mobile
Have any Query?