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Slide 1 Corporate Accounting Student Name: Unit Name: University Name: Date: This presentation is supported by relevant literature studies and other reliable sources. There are similarities and differences between these two statements. Also, in Part B, the 2017-2019 financial year (FY) cash flow statement of the Australian company was reviewed and evaluated. The three companies are Funtastic Ltd., BHP Billiton Ltd., and Santos Ltd. To complete most of the task data in the measured cash flow statement, for some tasks, several ratio analyses related to cash flow are used and introduced. The last part of the report made some suggestions, which are very useful to creditors. It is recommended to use BHP limited for loans because the entity has shown better performance in cash flow rationing and has shown better financial strength through cash flow adequacy ratio. 2 Part A the income performance statement/performance statement is the most general financial statement, representing the income and expenses of the business. Both statements provide different but interrelated information. Therefore, CFS will provide short-term information about the company's daily operations, and the income statement will present a huge picture of the company because it considers a financial factor in cash flow, such as non-cash costs for example depreciation. 3 The cash flow report as well as income is part of the company's balance sheet. The CFS shows the exact amount of cash inflows and inflows from the company over time. The income statement is a general financial statement. It shows the company's income and total costs, including non-cash accounting, for instance, depreciation over a time (Andrrn and Jankensggrd, 2017). Operating cash flow (OCF) converts items recorded in the income statement from an accrual basis to cash. At the same time, investment activities recorded the sale and purchase of property plants or equipment (PPE). The issuance and repurchase of the company's bonds and stocks and dividends paid by entities are reported under the cash generated from fundraising activities (Bradbury, 2011). 4 An entity’s CFS and financial performance statement can be defined as part of the entity’s financial performance statement. The CFS records cash generated as well as used within the time specified in its title. Also, CFS includes cash generation categories such as operating activities, financing activities, and investment activities. BHP Limited US$M201920182017 Cash and cash equivalents 14108102766613 Trade accounts receivable -6622671387 Inventory -182-687521 Trade accounts payable 719512-1272 Net Working Capital 1254593449793 Operating cash flow (OCF) converts items recorded in the income statement from an accrual basis to cash. At the same time, investment activities recorded the sale and purchase of property plants or equipment (PPE). The issuance and repurchase of the company's bonds and stocks and dividends paid by entities are reported under the cash generated from fundraising activities (Bradbury, 2011). 5 BHP Limited US$M201920182017 Cash and cash equivalents 14108102766613 Trade accounts receivable -6622671387 Inventory -182-687521 Trade accounts payable 719512-1272 Net Working Capital 1254593449793 Operating cash flow (OCF) converts items recorded in the income statement from an accrual basis to cash. At the same time, investment activities recorded the sale and purchase of property plants or equipment (PPE). The issuance and repurchase of the company's bonds and stocks and dividends paid by entities are reported under the cash generated from fundraising activities (Bradbury, 2011). 6 Andrrn, N. and Jankensggrd, H., 2017. Disappearing Investment-Cash Flow Sensitivities: Earnings Have Not Become a Worse Proxy for Cash Flow. SSRN Electronic Journal,. Bradbury, M., 2011. Direct or Indirect Cash Flow Statements?. Australian Accounting Review, 21(2), pp.124-130. Brown, L. and Pinello, A., 2011. Firms’ Propensity to Report Cash Flow and Earnings Surprises of Divergent Signs. SSRN Electronic Journal,. Chang, X., Dasgupta, S., Wong, G. and Yao, J., 2013. Cash Flow Sensitivities and the Allocation of Internal Cash Flow. SSRN Electronic Journal,. Chubka, O. and Zhelizniak, R., 2019. CASH FLOW MANAGEMENT IN BANKING. International Humanitarian University Herald. Economics and Management, (40). D'Espallier, B., Vandemaele, S. and Peeters, L., 2008. Investment-Cash Flow Sensitivities or Cash-Cash Flow Sensitivities? An Evaluative Framework for Measures of Financial Constraints. Journal of Business Finance & Accounting, 35(7-8), pp.943-968. Ehrenfeld, W. and Dannenberg, H., 2010. Stochastic Income Statement Planning and Emissions Trading. SSRN Electronic Journal,. Lin, S., Martinez, D., Wang, C. and Yang, Y., 2017. Is Other Comprehensive Income Reported in the Income Statement More Value Relevant? The Role of Financial Statement Presentation. Journal of Accounting, Auditing & Finance, 33(4), pp.624-646. Mulier, K., Schoors, K. and Merlevede, B., 2014. Investment Cash Flow Sensitivity: The Role of Cash Flow Volatility. SSRN Electronic Journal,. Obaidullah, J., 2019. Cash Flow Adequacy Ratio. [online] Available at:
[Accessed 16 September 2020]. CFS CFS Corporate Accounting Student Name: Unit Name: University Name: Date: Executive Summary This important audit report is subject to the cash flow report. The report mainly consists of two parts, such as Part A and Part B. Part A contains a strict review of the economic reports of the financial performance statement and the cash flow statement. This review is supported by relevant literature studies and other reliable sources. There are similarities and differences between these two statements. Also, in Part B, the 2017-2019 financial year (FY) cash flow statement of the Australian company was reviewed and evaluated. The three companies are Funtastic Ltd., BHP Billiton Ltd., and Santos Ltd. To complete most of the task data in the measured cash flow statement, for some tasks, several ratio analyses related to cash flow are used and introduced. The last part of the report made some suggestions, which are very useful to creditors. It is recommended to use BHP limited for loans because the entity has shown better performance in cash flow rationing and has shown better financial strength through cash flow adequacy ratio. Contents Introduction3 Part A4 Part B6 a)6 b)7 c)8 d).8 e).9 f).11 g).12 h).12 i).12 j).12 k).13 2. Financial Strength of Each Of The Three Companies14 3. Three Companies for Lending Purposes16 Conclusion17 References18 Introduction Every business organization needs to prepare its financial reports to comply with authorized requirements and have an in-depth understanding of the organization's financial status. According to accounting standards, financial statements mainly include income statements, balance sheets, cash flow reports, equity changes, and notes to accounts. The balance sheet shows the economic situation of the business at end of the fiscal year, and the income statement shows the financial performance of the business during the financial year. The CFS shows the liquidity status of the enterprise, and the equity table shows the fluctuation of equity status. A CFS is an insight into the cash flow in a business, which is bifurcated according to the nature of the transaction (such as operation, investment, or financing). This article studies the literature that provides knowledge about cash flow statements and income statements. Besides, three companies were selected and analyzed to understand the concept of cash flow report. Part A Do the relevant research to critically examine the relative information content of the income statement and statement of cash flows. The cash flow report as well as income is part of the company's balance sheet. The CFS shows the exact amount of cash inflows and inflows from the company over time. The income statement is a general financial statement. It shows the company's income and total costs, including non-cash accounting, for instance, depreciation over a time (Andrrn and Jankensggrd, 2017). An entity’s CFS and financial performance statement can be defined as part of the entity’s financial performance statement. The CFS records cash generated as well as used within the time specified in its title. Also, CFS includes cash generation categories such as operating activities, financing activities, and investment activities. Operating cash flow (OCF) converts items recorded in the income statement from an accrual basis to cash. At the same time, investment activities recorded the sale and purchase of property plants or equipment (PPE). The issuance and repurchase of the company's bonds and stocks and dividends paid by entities are reported under the cash generated from fundraising activities (Bradbury, 2011). However, the income performance statement/performance statement is the most general financial statement, representing the income and expenses of the business. Both statements provide different but interrelated information. Therefore, CFS will provide short-term information about the company's daily operations, and the income statement will present a huge picture of the company because it considers a financial factor in cash flow, such as non-cash costs for example depreciation. The financial performance table can observe the long-term trend of corporate income and expenses (Brown and Pinello, 2011). Accountants, potential lenders, creditors, employees, shareholders, and investors depend on the information provided by CFS because it aims to provide information on business liquidity and solvency. Also, it improves the comparability of the operating performance of different business entities and the possibility of future cash flow. In contrast, investors interested in financial performance statements can evaluate the company's past performance and forecast future performance. When investors assess the risk of future cash flows, they need two statements because the CFS records the impact of the non-cash business (Chang, Dasgupta, Wong and Yao, 2013). Cash Flow Statements The CFS shows the correct amount of cash outflows and inflows of the business each month, quarter, or year. It captures the present operating outcomes or changes on balance sheets, for instance, the increase or reduction of accounts receivable moreover accounts payable, as well as do not include non-cash accounting items for example amortization and depreciation (Chubka and Zhelizniak, 2019). Cash flow generally comes from earning derived from activities of a business, nevertheless might increase existing funds because of credit. Income statement The most general financial report is the income statement, which shows the business income as well as total costs, including non-cash accounting for example depreciation, which is traditionally quarterly, monthly, or yearly (Ehrenfeld and Dannenberg, 2010). You can also use another method called the direct technique to prepare the cash flow statement. Part B a) To examine the main source of cash for each entity, we observed the cash flow from an operating activity because the CF from operating activities includes the accrued cash originally from the financial statements. This section includes accounts receivable, accounts payable, and income tax payable. Cash generated from operations is the first key figure to be solved because it