Accounting & Financial Analysis of Westfarmers Limited

Running head: ACCOUNTING AND FINANCIAL ANALYSIS OF WESTFARMERS 1
Accounting & Financial Analysis of West farmers Limited
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ACCOUNTING AND FINANCIAL ANALYSIS OF WESTFARMERS LIMITED 2
Accounting & Financial Analysis of West Farmers Limited
Wesfarmers is a retail company that operates in Australia and New Zealand. The
company deals with products such as agrochemicals, coal, fertilizers, industrial and other
mining and safety products. With its headquarters in Perth- West of Australia, Wesfarmers
has its origins dating back to 1914. The company has four retail business units namely Coles,
Home Improvements, Department Stores and Office Works. This paper seeks to discuss the
key goods and services for West farmers, identify financial & non-financial interests of the
company, and assess how the organization of the company is affecting the accounting,
financial and subsequent business decisions of the company. Applicable Accounting
standards and Sustainability reporting for each of the retail sections is also reviewed and rated
Company Selection
West Farmers is my favourable company for study because it has many retail sections
which can be explored. The retail stores include; Coles, Office Works, Department Stores,
and Home Improvements. Moreover, the company has been doing well in terms of
sustainability reporting which is an emerging trend when it comes disclosure in financial
reporting. Financial reporting is my professional interest and therefore, the study will enable
me to gain more insights into the role of sustainability as part of disclosure in financial
reporting.
Key Goods and Services of the Company
The main products for the company include goods such as agrochemicals, coal,
fertilizers, industrial and other mining and safety products.