$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 Download17 Pages / 4,143 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 FLOWS 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 INCOME 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 sheetarticulating 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 17 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. Retrieved from https://myassignmenthelp.com/free-samples/hi5020-corporate-accounting/largest-growers.html.

My Assignment Help (2021) Corporate Accounting [Online]. Available from: https://myassignmenthelp.com/free-samples/hi5020-corporate-accounting/largest-growers.html
[Accessed 11 April 2021].

My Assignment Help. 'Corporate Accounting' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/hi5020-corporate-accounting/largest-growers.html> accessed 11 April 2021.

My Assignment Help. Corporate Accounting [Internet]. My Assignment Help. 2021 [cited 11 April 2021]. Available from: https://myassignmenthelp.com/free-samples/hi5020-corporate-accounting/largest-growers.html.


MyAssignmenthelp.com delivers assignment help to millions of students of USA. We have in-house teams of assignment writers who are experts on wide ranges of subjects. We have appointed teams of native writers who provide assignment help to students in New York City and all over the USA. They are skilled assignment writers who successfully cater to search terms like do my assignment in the USA

Latest Accounting Samples

ACC303 Contemporary Issues In Accounting

Download : 0 | Pages : 7

Answer: The company which has been selected for analysis is 3D Resources Limited and the annual report which is being analyzed is for the period ended 30th June 2018. This is a company which is targeting the discovery of minerals in the provinces and states of Western Australia. It extracts minerals like zinc, lead, gold, copper, nickel and is looking for advanced mineral projects which can help the company in becoming the mineral producer in ...

Read More arrow

MGB305 Accounting And Finance

Download : 0 | Pages : 6

Answers: Question 1: a.i) Indicating the payment Jayne should choose: Particulars Value New house  $ 500,000.0 Time 30.0  Weekly pay 30 * 52 = 1,560.0  Fortnight 30 * 26 = 780.0 Weekly pay interest rate 4.55%/12 = 0.00088 Fortnight interest rate 4.75%/12 = 0.00183 Weekly Payments  $      ...

Read More arrow

ACC702 Advanced Management Accounting

Download : 0 | Pages : 24

Answers: Introduction Decision-making is a continuous process in which managers must engage daily. Advanced Management Accounting is the application of mathematical and accounting technique of analysis to assist the process of decision making. But the application of such techniques demands the knowledge of the various concepts to make the use of such techniques, hence an attempt has been made to discuss few of those concepts like activity-bas...

Read More arrow

ACCT19066 Accounting Systems And Assurance

Download : 0 | Pages : 12

Answer:  Introduction: The aspect of effective risk management is a matter of concern for any organization. This may involve business risk, operational risk, financial risk, credit risk, managerial risk and more. Risk is a threat to any organization though if it is able to manage it effectively then the opportunity to utilize risk will come in the form of less or equal amount of return (Chan and Vasarhelyi. 2018). The process of enterpri...

Read More arrow Tags: Australia Gymea Bay Management University of Melbourne 

MA619 Accounting Research

Download : 0 | Pages : 2

Answers: a. The company has been currently applying AASB 117 leases in order to account for leases for the year 2017. In order to classify the lease as financial or operating lease the ownership of the risk and rewards. Under the finance lease the ownership of the risk and reward substantially lie with the lessee. Any other case of lease is to be classified as operating lease. Under the current standard for leases operating leases are not sho...

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

1,641,209

Orders

4.9/5

Overall Rating

5,120

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

285 Order Completed

99% Response Time

Eugene Baranowski

MBA in Supply Chain

London, United Kingdom

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

184 Order Completed

96% Response Time

Arapera Billing

Masters in Management, MMgt

Wellington, New Zealand

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

2632 Order Completed

100% Response Time

Albert Ambrosio

MSc in Nursing

London, United Kingdom

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

Omg they’re doing very good I got 100 from 100 ???? thank you so much for your help you saved me

flag

User Id: 534789 - 10 Apr 2021

Australia

student rating student rating student rating student rating student rating

the writer did a good job but live chat is not working for my exam, so it waste some time

flag

User Id: 663960 - 10 Apr 2021

Australia

student rating student rating student rating student rating student rating

This solutions has been escalated & reworked 4 time, and has cause me lots of delays and time to submitting my final work to my professor. I hope this does not happen again. I am your regular and loyal customer, please do not do this again. I am ...

flag

User Id: 333156 - 10 Apr 2021

Australia

student rating student rating student rating student rating student rating

Excellent work ..I will keep in touch with my future work. Really appreciate all your effort . So far so good. thanks again.

flag

User Id: 573225 - 10 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?