Business Simulation Assignment - Boral limited

Added on - 22 Nov 2020

  • 9

    Pages

  • 1564

    Words

  • 13

    Views

  • 0

    Downloads

Trusted by +2 million users,
1000+ happy students everyday
Showing pages 1 to 3 of 9 pages
ACCOUNTING(BUSINESSSIMULATION)
Table of ContentsINTRODUCTION..........................................................................................................................1Part A...............................................................................................................................................11 Current financial position of Boral limited.........................................................................12 Plans for business have going forward................................................................................2Part B...............................................................................................................................................3Summary: Difference in process of manual accounting system and accounting using computersoftware..................................................................................................................................3CONCLUSION................................................................................................................................4REFERENCES...............................................................................................................................5APPENDIX......................................................................................................................................6
INTRODUCTIONAccounting means systematic process of recording, classifying, analysing andsummarising financial data or transactions. Business simulation is mainly related to training,learning and development of ability to analyse financial market, decision making, businessoperations etc. Report is prepared taking into consideration Boral limited which is an Australiancompany involved in manufacturing of building and construction materials. This report coversevaluation of financial performance with the help of accounting ratios, also future aspects ofbusiness in reference with assets, risks, strength and weaknesses. Later difference betweenmanual entry system of accounting and accounting software package has been discussed.Part A1 Current financial position of Boral limitedCurrent financial position of Boral limited describe on the basis of key ratios of quarterlybasis -(31 march 2018)Current ratio = Current assets/current liabilities = 1738300/995200 = 1.75%Quick Ratio = Quick assets/current liabilities = 1124500/995200 = 1.13%Debt equity Ratio = Total liabilities/Shareholder's fund = 3779500/2335700 = 1.62%(30 June 2018)Current ratio = Current assets/current liabilities = 1738300/995200 = 1.75%Quick Ratio = Quick assets/current liabilities = 1124500/995200 = 1.13%Debt equity Ratio = Total liabilities/Shareholder's fund = 3779500/2335700 = 1.62%PerformanceAfter analysis of ratio that expected it current ratio will not increases as well as quickratio, and debt equity ratio also not increasing so it's not effected to financial condition of Borallimited.Ratios are stables from first quarter to second quarter, no changes coming. So it's noteffected to performance of Boral limited. From the above analysis, identified that theperformance of organization is not satisfactory.Basis of successSuccess of Boral limited is determined by all the three given aspects that are net profit,property enhancement and total assets. As without profits, a company can not survive so period1
desklib-logo
You’re reading a preview
Preview Documents

To View Complete Document

Click the button to download
Subscribe to our plans

Download This Document