Accounting System Analysis Report

Added on - 21 Apr 2020

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Running head: ACCOUNTING STATEMENT ANALYSISAccounting Statement AnalysisStudent’s Name:University Name:Author Note
1ACCOUNTING STATEMENT ANALYSISTable of ContentsIntroduction................................................................................................................................2Discussion..................................................................................................................................2Comparative balance sheet with horizontal trend analysis:...................................................3Significant ratios....................................................................................................................6Conclusion................................................................................................................................10References................................................................................................................................11
2ACCOUNTING STATEMENT ANALYSISIntroductionThe current study critically evaluates the financial as well as non-financialperformance of a firm with special reference to the operations of Air New Zealand. Air NewZealand is essentially a big passenger and flag carrier airline company with operations basedin Auckland. Essentially, this airline runs scheduled passenger flights to nearly 21 domesticas well as 31 transnational destinations in around 19 nations. Essentially, this report stressingon analytical evaluation of performance of the company using non-financial measures refersto quantitative measures/dimensions of performance that are not reflected in monetary terms.Again, critical analysis of the corporation Air New Zealand using financial dimensionsnamely horizontal trend analysis can help in assessment of different components of financialassertions that in turn can assist in gaining better understanding of the position andperformance of the corporation.DiscussionThe current section carries out horizontal trend analysis of the financial statements ofAir New Zealand that reflects the changes in the overall amounts of corresponding items offinancial assertions over a specific time period. Essentially, this can be considered to be animportant tool that can be used for analysis of trend analysis.In this, the financial assertions for two periods are utilized in horizontal trend analysis.Essentially, the earliest period is normally referred to as the base period and diverse items onthe pecuniary pronouncements for later period can be compared with different other items ofthe base period.
3ACCOUNTING STATEMENT ANALYSISComparative balance sheet with horizontal trend analysis:AIR NEW ZEALAND LTD BALANCESHEETIncreaseFiscal year ends in June. NZD in millionsexcept per share data.2016-062015-06AmountPercentageAssetsCurrent assetsCashCash and cash equivalents1594132127320.666162Short-term investments92103-11-10.67961165Total cash1686142426218.3988764Receivables30029820.67114094Inventories103120-17-14.16666667Prepaid expenses737122.816901408Other current assets17769108156.5217391Total current assets2339198235718.01210898Non-current assetsProperty, plant and equipmentGross property, plant and equipment63146845-531-7.757487217Accumulated Depreciation-2253-2360107-4.533898305Net property, plant and equipment40614485-424-9.453734671Equity and other investments42823019886.08695652Goodwill0Intangible assets102127-25-19.68503937Other long-term assets20270132188.5714286Total non-current assets47934912-119-2.422638
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