whatsapp

Connect on Whatsapp : +97143393999 , Uninterrupted Access, 24x7 Availability, 100% Confidential. Connect Now

Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
loader
Add File

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Guaranteed Higher Grade!

HI5020 Corporate Accounting

tag 0 Download 10 Pages / 2,406 Words tag 05-11-2020
  • Course Code: HI5020
  • University: Holmes Institute
    icon

    MyAssignmentHelp.com is not sponsored or endorsed by this college or university

  • Country: Australia

Question:

Assessment task

Select a public limited company listed on the Australian Securities Exchange (ASX). Go to the website of your company. 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 firm’s annual reports and save to your computer your firm’s latest annual reports consecutively for last three years. For example, these may be dated 30 June 2016 or 31 March 2017. Do not use your firm’s 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 firm’s financial statements carefully and include information from these footnotes in your answer.

You need to do the following tasks:

CASH FLOWS STATEMENT

  • From your firm’s financial statement, list each item of reported in the CASH FLOWS STATEMENT and write your understanding of each Discuss any changes in each item of CASH FLOWS STATEMENT for your firm over the past year articulating the reasons for the change.
  • Provide a comparative analysis of your company’s three broad categories of cash flows (operating activities, investing activities, financing activities) and make a comparative evaluation for three

OTHER COMPREHENSIVE INCOME STATEMENT

  • What items have been reported in the other comprehensive income statement
  • Explain your understanding of each item reported in the other comprehensive income statement
  • Why these items have not been reported in Income Statement/Profit and Loss Statement 

ACCOUNTING FOR CROPORATE INCOME TAX 

  • What is your firm’s tax expense in its latest financial statements?
  • Is this figure the same as the company tax rate times your firm’s accounting income? Explain why this is, or is not, the case for your firm.
  • Comment on deferred tax assets/liabilities that is reported in the balance sheet articulating the possible reasons why they have been record.
  • Is there any current tax assets or income tax payable recorded by your company? Why is the income tax payable not the same as income tax expense?
  • Is the income tax expense shown in the income statement same as the income tax paid shown in the cash flow statement? If not why is the difference?
  • What do you find interesting, confusing, surprising or difficult to understand about the treatment of tax in your firm’s financial statements? What new insights, if any, have you gained about how companies account for income tax as a result of examining your firm’s tax expense in its accounts? 

Please remember some aspects of your firm’s treatment of its tax –can be a very complicated area, particularly for some firms.

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 10 pages

Cite This Work

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

My Assignment Help. (2020). Corporate Accounting. Retrieved from https://myassignmenthelp.com/free-samples/hi5020-corporate-accounting/income-tax.html.

My Assignment Help (2020) Corporate Accounting [Online]. Available from: https://myassignmenthelp.com/free-samples/hi5020-corporate-accounting/income-tax.html
[Accessed 18 August 2022].

My Assignment Help. 'Corporate Accounting' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/hi5020-corporate-accounting/income-tax.html> accessed 18 August 2022.

My Assignment Help. Corporate Accounting [Internet]. My Assignment Help. 2020 [cited 18 August 2022]. Available from: https://myassignmenthelp.com/free-samples/hi5020-corporate-accounting/income-tax.html.


We Can Help!

Get top notch assistance from our best tutors !
Excel in your academics & career in one easy click!

icon

Other Samples

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the content removal request.

icon

5% Cashback

On APP - grab it while it lasts!

Download app now (or) Scan the QR code

*Offer eligible for first 3 orders ordered through app!

screener
ribbon
callback request mobile
Have any Query?