logo

Accounting for Managers (Doc)

   

Added on  2020-05-16

7 Pages755 Words58 Views
Running head: ACCOUNTING FOR MANAGERSAccounting for ManagersName of the Student:Name of the University:Authors Note:

ACCOUNTING FOR MANAGERS1Table of ContentsPart A:........................................................................................................................................2Question 1:.................................................................................................................................2Question 2:.................................................................................................................................2Question 3:.................................................................................................................................2Question 4:.................................................................................................................................2Question 5:.................................................................................................................................3Part B:.........................................................................................................................................3Question 1.A:.............................................................................................................................3Question 1.B:..............................................................................................................................3Question 1.C:..............................................................................................................................4Question 1.D:.............................................................................................................................4Question 1.E:..............................................................................................................................4Question 1.F:..............................................................................................................................5Reference and Bibliography:......................................................................................................6

ACCOUNTING FOR MANAGERS2Part A:Question 1:Myer is mainly listed in the Australian store chain department, where adequateoperations are confined to Australia (Myer 2018). The company provides range of productsfor men, children and women in their stores. In addition, Myer is considered to be the largestdepartment stores by store count and sales.Question 2: The company mainly uses revenue recognition criteria where lay-by transactions arerecognised at the point of sales. This relevant revenue recognition criteria are mainly depictedin the annual report of Myner in page number 66 (Myer 2018). The recognition method isdepicted in A2 Revenue section of the annual report, which is depicted in notes toconsolidated financial statements.Question 3:The property, plant and equipment are mainly valued at cost less depreciation, whichincludes all the cost incurred by the company in purchasing the assets. The valuation methodfor property, plant and equipment are mainly listed in page number 75, under the notes ofconsolidated balance sheet C1 (Myer 2018).Question 4:PricewaterhouseCoopers (PWC) is the independent auditor for Myer Company, whichhelps in evaluating annual report of the company (Myer 2018). The independent auditor’s

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Accounting Financial Analysis Report
|6
|777
|363

Accounting Standard & Regulations | Report Myer Holdings Ltd
|7
|1535
|246

Accounting Financial Analysis Report 1 Accounting Financial Analysis Report Authors
|6
|1032
|232

Financial Analysis of JB Hi-Fi from 2014-2018
|10
|1996
|250

Report on Accounting Standards
|7
|1543
|55

Financial Accounting: Analysis of Transurban's Financial Performance and Sustainable Development Goals
|16
|2692
|491