hey guys
i have an assignment concerning an end of year report, where we need to analyze the liquidity for example and respond to some question in regards to it
Assessment Cover Sheet Faculty of Business, Design & I.T. PO Box 42, Holmesglen VIC 3148 Page 2 of 3 Student Name Student ID No. Teacher Name Paula De Lange Teacher Contact
[email protected] T. 9564 2077 Program Name Bachelor of Business (Accounting) Program Code BACC16 Subject Name Corporate Accounting Subject Code BAC201 Department Graduate and Degree Programs Semester & Year Semester 1, 2018 Time Allowed/Due Date Assessment Type Assignment Value of Assessment 15% Assessment Conditions Open Book Special Requirements This assignment can be done in groups of two maximum. If you choose, you can work on your own. DECLARATION 1. I am aware that penalties exist for cheating, plagiarism (copying) and unauthorised collusion with other students, or external consultants. 2. I am aware of the requirements covering style and layout standards as designated by my teacher/tutor. 3. For assessments other than those conducted in-class, I have retained a copy. I understand that uncollected assessments will be destroyed. 4. This assessment was prepared using the Unit of Competency from www.training.gov.au with particular attention to; Required Skills, Required Knowledge, Evidence Guide/Critical Aspects. Student’s signature: Date: Questions Teacher’s Comments Possible Marks Actual Marks Question 1 40 Question 2 10 Total 50 Question 1 Download the JB HI-FI Annual Report for the year ended 30 June 2017, and answer the following questions on the JB HI-FI Report: a) Analyse the Cash Flow Statement and comment on the liquidity of the company for 2017. In analysing the cash flow, compare the situation to the previous year, and to a company in a similar industry. (6) b)What are the recognized dividends for the year? Why are some dividends unrecognized?(3) c)What has been declared in the Directors’ Declaration? (2) d)What is meant by “Other Comprehensive Income”? What are the “Other Comprehensive Income” items for the year? (4) e)What are the different reserves of the company? Where did you find this information?(3) f)What different items have been disclosed regarding Remuneration of Auditors? (4) g)What did the non-audit services consist of? What is the proportion of audit related fees compared to other consulting work fees. Do you think this is acceptable and why?(4) h)Has the company disclosed Expenses by Function, or by Nature? What is the ruling regarding which method can be chosen?(3) i)What are the different reasons for each taxable temporary difference which have collectively resulted in Deferred Tax Liabilities for JB HI-FI Limited? (Do not give a general theoretical explanation.)(4) j)What is the Current Income Tax Charge for the year? Why is this different from the Total Income Tax Expense reported in the Income Statement? (3) k)If the tax rate changed to 32%, what adjustments would need to be made? Quantify the amounts.(4) Question 2 Each student is to submit a reflection on the following question: From doing this assignment, what are the most important factors that I have learned about Company Annual Financial Reports? How will this help me in my studies and my career? (200 words for 10 marks) RUBRIC for Question 2 MARK DESCRIPTION HD Insightful and well-articulated and original reflection on what has been, or has not been learned and why it is, or is not important. Distinction Good, well-articulated and original reflection on what has been, or has not been learned and why it is, or is not important. Credit Reflection on what has been or has not been learned and why it is, or is not important Pass Description of what has or has not been learned Fail Not submitted or not addressing the requirements. INTERNAL Holmesglen: PD 5-Feb-2018 L:\Teaching\Shared\Degree & Grad Certs\Bachelor of Business (Accounting)\2018\Semester 1\BAC201 Corporate Accounting\BAC201 Assignment 201810.docx