Management Accounting ACCT603
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Management Accounting (ACCT603)
Added on 2020-04-21
Management Accounting ACCT603
Management Accounting (ACCT603)
Added on 2020-04-21
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Running head: ACCOUNTING FOR CORPORATE STRUCTUREAccounting for Corporate StructureName of the StudentName of the UniversityAuthors NoteCourse ID
ACCOUNTING FOR CORPORATE STRUCTURE1Table of ContentsWestfield Corporation vs Vornado Realty Trust.......................................................................2SP Index:....................................................................................................................................2Trend Analysis:..........................................................................................................................4Vertical Analysis:.......................................................................................................................5Part A: Ratio Analysis:.............................................................................................................11Part B: Financial Statement Analysis.......................................................................................15Financial statement Analysis:..................................................................................................16Trend Analysis:........................................................................................................................18Long term Credit Decision:......................................................................................................19Investment decision:.................................................................................................................20Employment Decision:.............................................................................................................21Consulting Decision:................................................................................................................22Reference List:.........................................................................................................................23
ACCOUNTING FOR CORPORATE STRUCTURE2Westfield Corporation vs Vornado Realty TrustWestfield corporation is considered as the Australian Based British AmericanShopping centre company that transacts with the retail destinations in England and UnitedStates. The company was created in the year 2014 when the company separated its Australianand New Zealand business operations from the international operators (Corp 2017). Theoperations of the company is based on the development, construction, asset management ofproperty and marketing activities of its centres. The company is listed on the ASX andpossess a portfolio on the shopping centre that includes approximately investment interest inaround 40 shopping centres around the world and encompasses around 7,500 retail outletswith total amount asset management exceeding $28.5 billion. SP Index:
ACCOUNTING FOR CORPORATE STRUCTURE3Vornado Realty Trust is regarded as the real estate investment trust having its base inthe New York City. The company usually invest in offices buildings and street retail inManhattan (Vornado 2017). The origins of the organization can be traced back to the phase ofTwo Guys discount store that was founded in the year 1947 by the brothers in Sidney andHerbart Hubschman. In the year 1959 the two guy acquired O.A Sutton Corporation,manufacturers of Vornado line of electric fans and the organization was then renamed as theVornado Inc.
ACCOUNTING FOR CORPORATE STRUCTURE4The above stated graph provides a comparative result of the total amount of return forVernado Reality Trust in respect of the cumulative total return under the S&P 500 stockindex and the S&P 500 consumer Discretionary Sector for the period commencing from theyear 2012 to 2017, being the last day of the 2014 financial year graph. The graph takes intothe considerations the value of the investment in their common stock and each index stood$100 at the 7th November 2009 with the amount of dividends were reinvested. Trend Analysis:Westfield Corp LtdCashTotalCurrentAssetsTotalAssetsTotalCurrentLiabilitiesTotalLiabilitiesRetainedEarningsTotalStockholdersEquityNumberofSharesOutstandingNetSalesGrossMarginOperatingMarginInterestExpensesNetIncomeEarningsPerShareExecutiveCompensation-300%-250%-200%-150%-100%-50%0%50%100%150%-6%-81%7%25%-7%-240%20%0%27%77%64%15%116%116%35%Trend Analysis Westfield Corp Ltd2016-2015Linear (2016-2015)2016-2014Linear (2016-2014)
ACCOUNTING FOR CORPORATE STRUCTURE5Vornado Realty Trust:Tota...Total...TotalSt...Net/S...GroOpera...NetIncomeatt...-120.00%-100.00%-80.00%-60.00%-40.00%-20.00%0.00%20.00%40.00%60.00%-17.71%-8.28%-1.55%3.32%-4.38%-19.66%3.00%0.28%0.16%1.29%-0.77%27.41%-27.66%-99.47%21.14%20.78%16.34%20.01%-1.62%2.45%-3.34%-5.71%2.27%0.65%8.38%7.42%0.62%39.17%-26.33%-99.51%5.13%4.31%Vornado Realty TrustPercentage Change 2016 - 2015Linear (Percentage Change 2016 - 2015)AccountsPercentageChange
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