logo

Accounting Techniques and Financial Tools : Report

   

Added on  2020-07-23

13 Pages3302 Words35 Views
ACCOUNTING

TABLE OF CONTENTSEXECUTIVE SUMMARY.............................................................................................................3INTRODUCTION...........................................................................................................................11. Fundraising of organisation in 2013 and its prospectus.....................................................12. Sales figures, stock inventories as well as accounting policies in practice........................43. Low transparency and poor corporate governance.............................................................54. Appointing various operational individuals.......................................................................75. Status of firm in meeting the creditors and liquidation......................................................86. Analysing the role of directors and responsibilities...........................................................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10

EXECUTIVE SUMMARYIn the present report there will be discussion based on the accounting techniques as wellas financial tools tot be used by the organisation in better attainment of the operational goals.Hence, the present report, Dick Smith Holding Limited and the acquisition from Woolworthswill be studies and analysed by the researchers. Thus, it can be said the managers of the new oracquiring organisation has made valuable decisions to solve the insolvency problems of suchorganisation. They have made the profitable decisions in context with facilitating the fruitfuldecisions such as selling of the old inventories as well as valuation of the assets and liabilities.However, they have made the profitable decisions for the organisation as well as they havehighlights various duties and responsibilities of directors to make the better execution of workand workforce. Thus, for the preparation of financial statemented, balance sheet and the relevantdata set there is need to follow the guidelines issued by IAS and IFRS. Hence, these standardsfacilitate the framework under which all te preparation of such statements will be done. Therecan e use of various kinds of tools and techniques to execute the better corporate governancewhich in turn helps the managers in having batter results. Thus, such reports or informations willbe utilised by the stakeholders which are disclosed in the accounting statements. They will beprofitable in making the better investment decisions.

INTRODUCTIONAccounting tools and techniques are used to make better financial decisions for businessprofessionals as well as investment decisions for stakeholders. In the present assessment, theresearch based on Dick Smith and its collaboration with Woolworths limited. There will be useof various accounting techniques which describes firm's consolidation, liquidation as well asfinancial position. These will be fruitful for the organisation in making the better operationaldecisions. Hence, A part from accounting there will be discussion based on the group's activityand various methods to be used to make better corporate communication as well as problemsolving. However, with the help of various legislations and accounting standards the researcherswill be benefited about gaining the knowledge relevant with accounting and its framework.1. Fundraising of organisation in 2013 and its prospectusThere has been various operation held when acquistion of Dick smith to Woolworths washappening (Dick Smith is the Greatest Private Equity Heist of All Time, 2017). There has beenvarious changes made by this organisation in context with improving the operational activities ofsuch industry.Business combination:a. Transfer of considerationInterpretation: On the basis of above listed table, there has been calculation basedacquisition of Dick smith to Woolworths limited on the date of November 2012. The company1

End of preview

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

Related Documents
A Financial Accounting Executive Summary: The Case of Dick Smith
|15
|2964
|331

Evidence of Dick Smith's Violation of Going Concern Principle in Annual Report
|6
|1541
|397

Auditing theory and practices (ACCT6006)
|6
|1532
|24

Forensic Accounting | Case Study Report
|15
|3621
|16

Rise and Fall of Dick Smith Holding Limited Assignment PDF
|17
|4845
|108

Financial Reporting Analysis Of JB Hi-Fi and Dick Smith
|14
|4818
|182