Assignment for Corporate and Financial Accounting.HA2032 Corporate and Financial Accounting...

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Assignment for Corporate and Financial Accounting.

HA2032 Corporate and Financial Accounting Assignment Specifications Purpose: In this individual assignment, students will critically analyses the different aspects of financial statements, including the application of different sources of authority and the accounting standards for corporate disclosure and for the financial reporting function. Furthermore, students will demonstrate their understanding of the different sources of funds, capital structure and provide a detailed analysis of the financial statements of an Australian publically listed company for two consecutive financial periods. Students will research and provide details of the different disclosure requirements for both listed and non-listed entities. Assessment Task: Part A Students will need to access the ASX website (https://www.asx.com.au) and Select a company in any industry section. Students will need to download the latest Annual report for that selected company. Based on the selected company’s annual financial statements and related notes, students will need to prepare a business report addressing the requirements listed below. It is also a requirement to attach the main financial statements and the related notes which address the requirements below in your report 1. Discuss and provide an analysis of items in the statement of cash flow and identify item(s) which relate to the balance sheet. 2. Explain the company’s performance based on Earnings per Share (EPS) and provide EPS calculations forth last two consecutive periods. 3. Discuss whether PS is a useful performance indicator for the company. 4. Explain how the material movements in the statement of changes in equity is reflected and reported in the statement of cash flows. 5. Discuss the items recorded anon-Current Liabilities, including the related notes and provide an explanation of the material movements of each item. 6. Based on the capital structure of the company selected, discuss the potential advantages and disadvantages of each source of capital. Part B Students will need to research and discuss the disclosure requirements for publically listed companies in the financial statements in comparison to other non-listed companies. Students will also need to discuss the benefit(s)of disclosing comparative information in the annual financial reports to users, including key decision makers or external users, such as investors.(Note –one page is recommended to answer this section HA2032 Corporate and Financial Accounting Assignment Specifications Purpose: In this individual assignment, students will critically analyses the different aspects of financial statements, including the application of different sources of authority and the accounting standards for corporate disclosure and for the financial reporting function. Furthermore, students will demonstrate their understanding of the different sources of funds, capital structure and provide a detailed analysis of the financial statements of an Australian publically listed company for two consecutive financial periods. Students will research and provide details of the different disclosure requirements for both listed and non-listed entities. Assessment Task: Part A Students will need to access the ASX website (https://www.asx.com.au) and Select a company in any industry section. Students will need to download the latest Annual report for that selected company. Based on the selected company’s annual financial statements and related notes, students will need to prepare a business report addressing the requirements listed below. It is also a requirement to attach the main financial statements and the related notes which address the requirements below in your report 1. Discuss and provide an analysis of items in the statement of cash flow and identify item(s) which relate to the balance sheet. 2. Explain the company’s performance based on Earnings per Share (EPS) and provide EPS calculations forth last two consecutive periods. 3. Discuss whether PS is a useful performance indicator for the company. 4. Explain how the material movements in the statement of changes in equity is reflected and reported in the statement of cash flows. 5. Discuss the items recorded anon-Current Liabilities, including the related notes and provide an explanation of the material movements of each item. 6. Based on the capital structure of the company selected, discuss the potential advantages and disadvantages of each source of capital. Part B Students will need to research and discuss the disclosure requirements for publically listed companies in the financial statements in comparison to other non-listed companies. Students will also need to discuss the benefit(s)of disclosing comparative information in the annual financial reports to users, including key decision makers or external users, such as investors.(Note –one page is recommended to answer this section

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Harshit · Accepted Answer

CORPORATE AND FINANCIAL ACCOUNTING
	Serial Number
	Contents
	Page Number
	1.
	Introduction
	1
	2.
	Cash flow Statement
	2-3
	3.
	Earnings Per Share
	4
	4.
	EPS as a performance indicator
	5
	5.
	Movements in the statement of changes in equity
	6
	6.
	Non-Current Liabilities
	7
	7.
	Advantages and disadvantages of sources of capital
	8
	8.
	Disclosure Requirements
	9
	9.
	Conclusion
	10
	10.
	Referencing
	11
INTRODUCTION
Transurban Group is an Australia road toll company which has its business in North-America as well. The company also is in the designing and development of roads across the country. The company was listed on the ASX in 1996 owns the CityLink in Melbourne. Transurban group was also listed on the Dow Jones index for five years. As per the statistics the company has made the roads at least 78% safer. The company owns 17 roads in Australia and North America and 8 more projects are estimated to be completed by 2024.
PART A
1. CASH FLOW STATEMENT
The cash flow statement reflects the inflow and outflow of cash during a year. CFS reconciles the profit with the cash balance of the company. The cash flow statement is divided into three sections as follows:
· Cash flow from Operating Activities: This records all the transactions that are directly related to the main business operations of the company. This includes the receipt and payment of cash involving the main business of the company. This section starts by taking the balance of profit after tax and concludes with the cash generation/utilization due to operating activities.
In the consolidated statement of cash flows the following items were reflected in the year 2019 and 2018 in cash flow from operating activities:
· Change in trade payable including creditors
· Change is trade receivables including Debtors
· Change in operating provisions
· Transaction and integration cost related to acquisitions
· Payment and receipt of interest
· Payment of Income taxes
· Cash flows from investing activities: All the amount of inflow and outflow of cash due to the capital nature transactions are recorded in this section. This capital expenditure includes investment in Plant, Property, Equipment, investment in subsidiaries and joint venture, etc. cash generated from investing activities is the result of this section. Following are some of the cash inflow and outflow from investing activities in case of Transurban group:
	Particulars
	2019
US $ million
	2018
US $ million
	Payment for Financial Assets
	(865)
	-
	Repayment for Financial Assets
	330
	
	Payments for  in Plant, Property, Equipment
	(133)
	(131)
	Payment for intangible assets
	(1741)
	(1129)
	Payment for equity accounted investments
	(3,488)
	(5)
	Payment for acquisition of  subsidiaries
	(65)
	(846)
· Cash flows from financing activities: All the payments and receipt of cash for the financing of the funds of the company is recorded in this part of the cash flow statement. This means payment or receipt from shareholders, lenders of debt, long term creditors, etc. Some of the activities in the case of Transurban Group are as follows:
· Equity issues of stapled securities
· Acquisition of non-controlling interest in subsidiaries
· Proceeds and repayment of borrowings
· Distribution of Dividends
The sum of all the above three parts has to reconcile with the cash and cash equivalents of the company on the date of balance sheet to give a perfect cash flow statement (Arimany, N. and Viladecans, C., 2015).
Items of Balance sheet reflected in the cash flow statement of Transurban group are as follows:
· Payments for held to maturity for investments
· Payments for financial assets
· Repayment of financial assets
· Payments for intangible assets
· Payments for plant, property and Equipment
· Issue of stapled securities
· Payment of loans
· Repayment of borrowings
· Acquisition of non-controlling interest in subsidiaries
2. EARNING PER SHARE:
Earnings per share(EPS) is the amount that shareholders have earned during a financial year by the investment made by him in the equity shares of the company.

HA2032 Corporate and Financial Accounting Assignment Specifications Purpose: In this individual assignment, students will critically analyses the different aspects of financial statements, including...

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