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Question:

You have been given a unique block of IPv4 address to create 8 subnets.

Use only the IP address assigned to you under your student ID on BB in the Excel file.

Failing to use the address assigned to you will result in zero marks for the assignment.

Based on the addressing instructions and routing specifications, you are required to assign appropriate IP addresses for the hosts and router interfaces and then implement static routing for each router on IPv4 networks using Packet Tracer.

Network Topology

Devices which are connected with serial links.

  • Each FastEthernet interface of the router is connected to a generic switch.  

Technical Note:

Use Router-PT and Switch 2960 for your configurations.

Use write memory command to save your router configurations.  

Marking Criteria:

A.Using Cisco Packet Tracer to build a network topology as illustrated in Figure 1 with full network functioning, including IP addressing and routing according to the IP address specifications. Use the Ping tool to verify your addressing configuration between each subnet.

B.A Word Document containing subnetting and record static routing information filled in Tables 1 to 6.

You must upload the assignment report in Microsoft Word and Network Topology implemented in Cisco Packet Tracer to the Blackboard.

Do not send your solution via emails.

Answer:
Question 2
  1. Give three (3) data conversion procedures and explain when you would use them to compile data in accordance with organisational policy and procedures.

The following are the data conversion procedures:

  • Running the new system parallel to the old system. In this, both of the systems are run parallel as against one another.
  • Phase in the new system. This includes the conversion of just location which contains the data to migrate.
  • Direct changeover. This means converting the entire system into the new system (Small business chron, 2018).
  1. Give three (3) consolidation procedures used in accounting and explain used to compile data in accordance with organisational policy and procedures.

The following are the 3 conversion procedures:

  • Consolidation: this is when a company (investor) holds more than 51% of the share capital of the other company (investee). In such cases, both of the books of the companies are combined as one.
  • Equity method: this is when an investee possess a minor ownership of the share capital in the investee.
  • Equity pick up: this is when the cost method includes the recording of an investment as an asset and also records the dividends as an income to the investor (Corporate finance institute, 2018).
Question 3

Complete the tasks below and ensure they are correctly entered into a spreadsheet.

  1. Create a new workbook to reflect the batting average of the Australia cricket team over a designated period in a series of 5 matches.
  2. Names of the below batsmen should be listed down in Column A.
    1. Michael Clarke
    2. George Bailey
    3. Pat Cummins
    4. Xavier Doherty
    5. Aaron Finch
    6. Josh Hazlewood
    7. Brad Hadin
    8. James Faulkner
    9. Mitchel Johnson
    10. Mitchell Starc
    11. David Warner
  3. Matches 1, 2, 3, 4 and 5 headings should be in columns B, C, D, E and F respectively. Input run score for each player of each match. (could be any figures of your choice)
  4. Record the individual totals in column G and average score in Column H
  5. Calculate minimum and maximum runs for each match and each player in column I and J respectively
  6. Use AutoFill wherever necessary.
  7. Present the Match totals in a stacked column Bar chart
  8. Add a footer with your name, date and filename.
  9. Create a column chart on a new sheet showing the averages, minimums and maximums for each player.
  10. Save the workbook as Activity 3
  11. Submit the file in your Moodle

 

B

C

D

E

F

G

H

I

J

 

Column A

Match 1

Match 2

Match 3

Match 4

Match 5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Michael Clarke

47

50

15

20

87

219

43.8

15

87

 

George Bailey

52

60

20

46

54

232

46.4

20

60

 

Pat cummins

64

70

65

64

56

319

63.8

56

70

 

Xavier Doherty

15

85

98

89

56

343

68.6

15

98

 

Aaron Finch

28

15

100

52

24

219

43.8

15

100

 

Josh Hazzlewood

14

0

2

25

16

57

11.4

0

25

 

Brad Hadin

23

10

4

63

17

117

23.4

4

63

 

James Faulker

25

2

8

36

89

160

32

2

89

 

Mitchel Johnson

16

4

2

41

25

88

17.6

2

41

 

Mitchell Starc

20

9

4

14

63

110

22

4

63

 

David Warner

21

35

10

47

87

200

40

10

87

 

 

 

 

 

 

 

 

 

 

 

 

Question 4 
  1. NCT has purchased a new photocopier at a value of $20,000. The purchase was made on the 1st July 2016 and will be depreciated and written off after 5 years

Using the diminishing value method and the prime cost method, detail the cost each year to be allocated for reporting purposes and show the book value during each year.

 

Diminishing value

Prime cost

 

Depreciation

Book Value

Depreciation

Book Value

At Purchase

 

 

 

 

Year 1

 

 

 

 

Year 2

 

 

 

 

Year 3

 

 

 

 

Year 4

 

 

 

 

Year 5

 

 

 

 

  1. Use the retail inventory method to calculate the value of ending inventory for an organisation which has:
    1. An opening inventory at cost of $850,000 and a retail value of $2,100,000.
    2. Purchases for the year totalled at cost $650,000 and the retail value of the purchases is $1,000,000.
  • Sales for the year at retail price totalled $2,650,000.
  1. Mark-ups of $80,000 and markdowns of $35,000 during the year.

 

Diminishing value

Prime cost

 

Depreciation

Book Value

Depreciation

Book Value

At Purchase

 

 

 

 

Year 1

4000

16000

4000

16000

Year 2

3,200.00

12,800.00

4000

12000

Year 3

2,560.00

10,240.00

4000

8000

Year 4

2,048.00

8,192.00

4000

4000

Year 5

1,638.40

6,553.60

4000

0

 

 

Purchase

Retail

Cost to retail %

Opening

     8,50,000.00

 21,00,000.00

                         0.40

Purchases

     6,50,000.00

 10,00,000.00

 

Sales

 

 

           26,50,000.00

Mark ups

 

 

                80,000.00

Mark downs

 

 

                35,000.00

 

Particulars

Amounts in $

 

 

 

 

Cost of beginning inventory

     8,50,000.00

 

cost of purchases

     6,50,000.00

 

 

 

 

Cost of goods available for sale

   15,00,000.00

 

 

 

 

Cost of sales during period

   10,72,619.05

 

 

 

 

Cost of goods available for sale

   15,00,000.00

 

Less: cost of sales

   10,72,619.05

 

 

 

 

Ending inventory

     4,27,380.95

 

 

 

 

Question 5

Record the journal entries for the following transactions showing the effect on GST.

  1. 01st Jan 2016 Purchased furniture from office works for 1650 GST inclusive.

01.01.2016 Furniture $1650

To Office works $1650

  1. 31st Jan 2016 Purchased motor vehicle at a cost $30,000 Registration of the motor vehicle was $730 from Essendon Mazda plus GST

31.01.2016 Motor vehicle $30,730

To Office works $30,730

  1. 14th Feb 2016 sold items to a customer for $7000 plus GST. Payment terms are 30 days after the purchase

14.02.2016 Accounts receivables $7,000

To Sales revenue $7,000

Payment after 30 days

14.03.2016 Cash $7,000

To Accounts receivables $7,00

  1. 20/03/2016 Paid supplier of stock purchased in cash for $15000 plus GST

20.03.2016 Accounts payable $15,000

To Cash $15,000

The objective of this section is to demonstrate 2.0 Prepare reports

Question 6

The information above represents the number of cars sold in the year 2015 by National Motors Company, a car dealer.

  1. Present the information of the different car brands sold in a pie chart. Name the chart as Car Brands and represent the data in Percentages

Car Brand

Jan

Feb

Mar

Apr

May

June

July

Aug

Sep

Oct

Nov

Dec

 

 

 

 

 

 

 

 

 

 

 

 

 

Alfa Romeo

1.89%

3.85%

0.00%

2.08%

8.47%

5.00%

2.63%

3.13%

5.88%

4.69%

4.17%

7.55%

Audi

9.43%

15.38%

19.44%

12.50%

15.25%

13.33%

7.89%

7.81%

8.82%

6.25%

9.72%

15.09%

Mazda

18.87%

23.08%

22.22%

12.50%

13.56%

15.00%

28.95%

21.88%

17.65%

25.00%

31.94%

20.75%

Toyota

28.30%

19.23%

27.78%

47.92%

18.64%

35.00%

26.32%

18.75%

32.35%

31.25%

29.17%

33.96%

Ford

18.87%

21.15%

22.22%

20.83%

37.29%

26.67%

26.32%

40.63%

25.00%

25.00%

23.61%

18.87%

Nissan

22.64%

17.31%

8.33%

4.17%

6.78%

5.00%

7.89%

7.81%

10.29%

7.81%

1.39%

3.77%

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

1

1

1

1

1

1

1

1

1

1

1

1

Save the workbook as workbook as activity 6 and submit it with this assessment

  1. Present the monthly sales in a line graph to show the trend. Name the graph Monthly sales
Question 7

Review National Australia Bank Financial Report for the year 2015.  The reports to be reviewed include a statement of financial position, statement of comprehensive income, statement of changes in equity, statement of cash flows, notes, directors' declaration, directors' report and the auditor's report. Explain how the structure and format reports conform to statutory requirements and organisational procedures?

The financial statements of the company comprises of Income statement, statement of comprehensive income, Balance Sheet, Condensed cash flow statement, Statement of changes in equity along with notes to these financial statements.

These confirm with the requirements as have been laid down in the Corporations Act 2001 along with the accounting standards and the interpretations as have been laid down by the Australian Standards of Accounting.

Question 8

How do you ensure statements and data are error free, comprehensive and comply with statutory requirements and organisational procedures?

An investor would not be in a position to ascertain whether the financial statements prepared have bene prepared as per the relevant standards and that they are free from any material misstatement, hence, an auditor steps in. he is the one that conducts an audit and ascertains if the relevant provisions of the relevant standards have been followed and if these are free from any material misstatement.

The objective of this section is to demonstrate

FNSACC504 Prepare financial reports for corporate entities

Question 9

What are a BAS and IAS? how should an organisation’s policies and procedures be aligned to adhere to statutory reporting requirements?

These are the activity statements that are lodged with an ATO. There are mainly 2 types of statements, one being a business activity statement and the other being an instalment activity statement.

Any company must keep of all of the relevant transactions that have been entered during the current year in the most utmost efficient way (Rozhaley, 2018).

Question 10

Some of the ethical issues that the board of Governance in an organisation face are conflict of interest, confidentiality and disclosure requirements. Explain how the above ethical issues could be resolved or avoided.

There are some of the ethical issues that the board of directors face when it comes to carrying of the duties. These are solved by appointing an independent director in the board. There is a specific composition of the board of directors. This is due to the reason that there are some of the conflicts of interest that only and independent director could solve since he is not associated with any of the parties.

Assessment 2: Project

The objective of this section is to demonstrate

FNSACC504 Prepare financial reports for corporate entities

Project

Research the NAB Annual Financial report for 2015. Prepare a report 2000 words answering these questions:

Question 1

To whom is this report disseminated and how does this take place?

The annual report of the company is addressed to the shareholders of the company and the annual report is circulated amongst the shareholders. And any issues and the profitability of the company are discussed in the shareholders meeting.

Question 2

Why might these recipients need or want the information contained in the annual report?

There are many users of these financial statements which have been listed below:

  • The management of the company uses these reports to ascertain the profitability, liquidity along with the cash flows of the company each and every month.
  • The competitors of the company uses these statements which are competing as against the business so that they are able to gain an access to the financial statements. The competitors use this information for the purposes of evaluating the financial conditions of its rivals.
  • The customers. The customers need this information to know the financial ability of the supplier to remain in the business sin the near future and whether the company would be able to provide enough goods or the services as are required in the stated contract.
  • The employees. They need to know the facts that are contained in the documents. This could be used for the purposes of increasing the level of engagement and understanding of an employee.
  • The government. This is used for the purposes of determining the amounts of the taxes that are paid by the company
  • Investment analysis. This is done so that the outsiders could analysis the financial statements to decide as to whether the securities of the company should be purchased or not.
  • They would want to know and understand the performance of the company. This is so because they would want to know how safe their investment is.
  • They would want to know whether the company would be able to pay back the loans that they have given to the company.
  • Rating agency. They would require to review the financial statements so that they could rate the company.
  • They would want to know whether the company should be given credit nor not.
  • They would want to deicide and evaluate the ability of the company to decide the compensation and the benefits to the union members (Bragg, 2018).
Question 3

Explain whether NAB has met the disclosure requirements about the organisation’s financial activities during the year.

The financial statements of the company comprises of Income statement, statement of comprehensive income, Balance Sheet, Condensed cash flow statement, Statement of changes in equity along with notes to these financial statements.

These confirm with the requirements as have been laid down in the Corporations Act 2001 along with the accounting standards and the interpretations as have been laid down by the Australian Standards of Accounting

Question 4

Is there any evidence that those within the organisation used consolidation or conversion procedures to analyse the financial data which was available?

There is as such no evidence with regard to this fact.

Question 5

Has the NAB disclosed any asset or liability valuations? If so, what do they indicate?

Yes, the company has disclosed some of the facts about the valuations of the assets or the liabilities.

The Annual report of the company states that as per AASB 9, the group had adopted AASB 9 which deals with the hedge accounting requirements. The company has adopted the AASB 9 which has resulted in few of the changes in the policies of the company. The financial assets of the company have been valued at the amortised cost or the fair value. This is dependent on the business model of the company for the purposes of managing the financial assets and also on the contractual cash flow of these financial assets. The financial assets has been measured at the amortised cost only and only if the following conditions are met:

  • When the asset is held for the purposes of holding the assets to collect the cash flows
  • When there are some of the contractual terms of the financial assets that represents the contractual cash flows that are mainly comprise of the payments of the principal and interest.

With regard to the financial liabilities, the Annual report of the company states the fact that these are measured at either the amortised cost of the FVTPL. The criteria to designate the financial liability at FVTPL is through the way of applying the fair value option which remains unchanged.

The company chose to select the option of fair value for the purposes of some of the financial liabilities and these are also classified as the deposits and other such borrowings which are accounted for at the amortised cost.

There are few of the changes in the impairment of assets as well. The AASB 9 which deals with the requirements with regard to the impairment of assets are based upon the expected credit loss model which replaces the incurred loss methodology under the AASB 139. There are key changes in the accounting policy of the impairment of the financial assets as well which have bene listed below:

The company applies the 3 stage approach for the purposes of measuring the expected credit losses on the debt instruments that have been accounted for at the amortised cost and the FVOCI. The assets migrate through the following listed stages that are based upon the credit quality sine their initial recognition.

The first stage is 12 months which is there for the exposure wherein there is a major increase in the credit risk since the initial recognition and which are not credit impaired upon origination. This is the portion of the lifetime, ECL is connected with the profitability of all of the default events that takes place within the period of 12 months.

The second stage is that of a lifetime ECL which is there for the credit exposures that have a major increase in the credit risk since the initial recognition but they are also not credit impaired.

The stage 3 deals with the credit impaired financial assets that have been assessed as the credit impaired when there are one or more of the events that have some detrimental impact on the estimated future cash flows for the company in respect of the assets that has occurred. This uses the same criteria which is followed under the AASB 139 which deals with some of the specific provisions of the group which remains unchanged. For the financial assets that have been credit impaired, a lifetime ECL has bene recognised and the amount of the interest revenue is calculated by the way of applying the effective interest rate to the amortised cost instead of the gross carrying amount.

At each of the reporting dates, the company assess these credit risks for the financial assets since the initial recognition by the way of comparing the risk of default which occurs over the expected life between the date of reporting and the date of initial recognition.

Question 6

Is there any indication of any discrepancies, unusual features of queries about the financial data? Describe.

The following are some of the changes that have been reported during the current year:

  • The assets that were held to maturity and that were available for sale have been removed. There is a new category that has bene introduced in respect of the financial assets that have bene measured at the fair value through the statement of other comprehensive income. This is applicable to all of the debt instruments with the contractual cash flow characteristics that are the sole payments of the principal and the interest and which is in the business model. The objective of the same was to achieve the collection of the contractual cash flows and the selling of the financial assets. A majority of the debt instruments of the company were classified in this category. There was also another category of asset that was introduced, by the name of non-traded equity investments that have been measured at FVOCI.
  • A majority portion of the equity instruments of the company. As on the date of transition, the company decided to revoke the previous fair value option which included being measured at some of the specific lending portfolios through the fair values through the profit or loss. These were the portfolios that were accounted for at the amortised costs.
Question 7

Examine the financial summaries for information about the financial status of the organisation. Explain the profit trends from the previous financial year and give a summary

The net profit attributable to the owners of the company has increased by 19.7% when compared with the previous year. The revenue of the company has increased by 4%. This excludes all of the gains from the legal settlement and the UK Commercial real estate loan portfolio.

The expenses of the company have fallen by 1% but this rate excludes some of the specific items and the foreign exchange rates impact. The asset quality of the company has improved when compared with the previous year. The company has raised about $26.5 billion from the wholesale funding during the year 2015.

In the nutshell, the net profit of the company has improved.

Question 8

What sorts of recommendations are made and what suggestions are made regarding business activities for the upcoming year? Are they constructive?

The following are some of the suggestions that the company would follow:

  • The company in the upcoming years would focus even more on the customer segments. This means that the micro, small and the medium sized customers would be prioritised.
  • The company has made some substantial progress in improving the customer experiences and it would continue to do this moving forward too.
  • The group also drives in some improved performances and execution.
  • The people of the group also drive in performance and accelerate execution of the efficient business activities too.
Question 9

Is the structure and format of the report clear and conform to statutory requirements and organisational Procedures?

Yes, the structure and the format conforms to the statutory requirements of the relevant rules and procedures. This is stated in the basis of preparation section of the Annual report which states that it has bene prepared as per the relevant Australian Accounting Standards of the year 2001.

Question 10

Has the organisation complied with its statutory requirements? Explain.

Yes, the financial statements of the confirm with the requirements as have been laid down in the Corporations Act 2001 along with the accounting standards and the interpretations as have been laid down by the Australian Standards of Accounting.

Access NAB’s 2014 Financial reports and

Compare the two reports and comment on whether or not the projections from the 2014 report were accurate.

In the Annual report of the year 2014, the company had projected that in the year 2015, the group would focus on maintaining the strong Australian and New Zealand franchisee which would concentrate on the improving of the customer experience, focus on the attractive customer segments in the country of Australia, build a culture of accountability, performance and delivery. It also would maintain the banking essentials of the financial statements and also would run off low returning assets (NAB Annual report, 2015).

References:

Bragg, S. and Bragg, S. (2018). Users of financial statements. [online] AccountingTools. Available at: https://www.accountingtools.com/articles/users-of-financial-statements.html [Accessed 26 Oct. 2018].

Corporate Finance Institute. (2018). Consolidation Method - Accounting for Majority Control Investments. [online] Available at: https://corporatefinanceinstitute.com/resources/knowledge/accounting/consolidation-method/ [Accessed 26 Oct. 2018].

Ltd, R. (2018). Business and Instalment Activity Statements | Roz Lahey Accounting Brisbane. [online] Rozlahey.com.au. Available at: https://rozlahey.com.au/services/bas-and-ias [Accessed 26 Oct. 2018].

Nab.com.au. (2018). Annual report 2015. [online] Available at: https://www.nab.com.au/content/dam/nabrwd/documents/reports/corporate/annual-financial-report-2015.pdf [Accessed 26 Oct. 2018].

Smallbusiness.chron.com. (2018). Accounting Information System Conversion Methods. [online] Available at: https://smallbusiness.chron.com/accounting-information-system-conversion-methods-34569.html [Accessed 26 Oct. 2018].

Cite This Work

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My Assignment Help. (2021). Analysis Of NAB Annual Financial Report 2015. Retrieved from https://myassignmenthelp.com/free-samples/ifn503-fundamentals-of-computer-systems/accounting-for-majority-control-investments.html.

My Assignment Help (2021) Analysis Of NAB Annual Financial Report 2015 [Online]. Available from: https://myassignmenthelp.com/free-samples/ifn503-fundamentals-of-computer-systems/accounting-for-majority-control-investments.html
[Accessed 28 March 2024].

My Assignment Help. 'Analysis Of NAB Annual Financial Report 2015' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/ifn503-fundamentals-of-computer-systems/accounting-for-majority-control-investments.html> accessed 28 March 2024.

My Assignment Help. Analysis Of NAB Annual Financial Report 2015 [Internet]. My Assignment Help. 2021 [cited 28 March 2024]. Available from: https://myassignmenthelp.com/free-samples/ifn503-fundamentals-of-computer-systems/accounting-for-majority-control-investments.html.

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