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Analysis of Metcash Limited: Revenue Recognition Policy, Valuation of Plant Property and Equipment, Auditors and Audit Firm, Sustainability Initiatives, Profitability, Leverage and Efficiency Ratios

   

Added on  2023-04-24

12 Pages543 Words168 Views
A N A LY S I S
Metcash Analysis
Analysis of Metcash Limited: Revenue Recognition Policy, Valuation of Plant Property and Equipment, Auditors and Audit Firm, Sustainability Initiatives, Profitability, Leverage and Efficiency Ratios_1
Metcash limited
Came into existence in the year 1927.
Principle activities: fresh Produce, Groceries,
Hardware, Alcoholic Beverages (Metcash
Limited, 2018).
Number of employees :6378
Current revenue: $14463
Current profit: $215.6
Analysis of Metcash Limited: Revenue Recognition Policy, Valuation of Plant Property and Equipment, Auditors and Audit Firm, Sustainability Initiatives, Profitability, Leverage and Efficiency Ratios_2
Revenue Recognition Policy
Revenue is based on AASB and generally
accepted accounting principle.
Revenue: to the extent it gives economic
benefits (Metcash Limited, 2018).
AASB 15 applicable from financial year 2019.
Analysis of Metcash Limited: Revenue Recognition Policy, Valuation of Plant Property and Equipment, Auditors and Audit Firm, Sustainability Initiatives, Profitability, Leverage and Efficiency Ratios_3
Valuation of Plant property and Equipment
Valued at Cost
Method of Depreciation: Straight line method
De-recognition of assets upon the disposal.
Analysis of Metcash Limited: Revenue Recognition Policy, Valuation of Plant Property and Equipment, Auditors and Audit Firm, Sustainability Initiatives, Profitability, Leverage and Efficiency Ratios_4

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