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ACCY801: Accounting and Financial Management Assignment

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Accounting and Financial Management (ACCY801)

   

Added on  2020-03-16

ACCY801: Accounting and Financial Management Assignment

   

Accounting and Financial Management (ACCY801)

   Added on 2020-03-16

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Running head: ACCY801Accy801Name of the studentName of the universityAuthor note
ACCY801: Accounting and Financial Management Assignment_1
1ACCY801Table of Contentsa.Introduction and company summary..................................................................................2b.Details of board of directors...............................................................................................3c.Details of board...................................................................................................................6d.Financing or investment decision of JB Hi-Fi....................................................................7e.Corporate governance recommendation.............................................................................8f.Details of auditors...............................................................................................................8g.Code of ethics.....................................................................................................................9h.Top investors of JB Hi-Fi.................................................................................................10i.Ratio..................................................................................................................................10j.Conclusion and recommendation......................................................................................11Reference..................................................................................................................................13
ACCY801: Accounting and Financial Management Assignment_2
2ACCY801a.Introduction and company summary One of the largest retailers in the home entertainment sector from Australia, JB Hi-Fiis the leader in the Australian market with their wide range of products, competitive price, bigbrands. The products they deal with are wireless speakers, headphones, laptops, mobilephones and iPads. Further, the company recognizes the importance of corporate governance,social and environmental matters with regard to the suppliers, stakeholders and customers (JBHi-Fi | JB Hi-Fi - Australia's Largest Home Entertainment Retailer 2017). Various otherdetails of JB Hi-Fi are detailed as below –Industry sector – the company is under the retail sector of Australia and is expected togrow at a positive rate in the coming years. However, the growth of the retail sector inthe Australian is slower as compared to 2015. It has been identified that in the retailsector Wesfarmers is the biggest competitor of JB Hi-Fi and their main earnings aredriven through the home products. Thus, in the coming years also the company isexpecting a tough competition with Wesfarmers.Primary activities – the largest retailer in home entertainment from Australia, JB Hi-Fi are famous for their low prices, wide range of products and biggest brands. Theproducts they deal with are wireless speakers, headphones, laptops, mobile phonesand iPads. The customer can check out with latest entertainment and car sound, digitalcameras, GPS Nav, drones, fitness watches, ink and printers, accessories, memorycards, musical instruments and JB Hi-Fi gift cards. Recent performance – as per the recent financial statement of the company dated 30thJune 2017, the gross profit of the company amounted to $ 1,231 million, out of whichthe company was able generate the net income of $ 172 million. Further, the shareprice of the company as on 30th June 2017 was $ 23.37 per share and the company
ACCY801: Accounting and Financial Management Assignment_3
3ACCY801paid a final dividend of 46 cents per share to the shareholders (JB Hi-Fi | JB Hi-Fi -Australia's Largest Home Entertainment Retailer 2017).b.Details of board the of directorsNameGenderAgeEducationCareer historyRemunerationGregRichards,Non-ExecutiveDirectorMale52B. EC(Honours)He has more than 25 years ofexperience in the industryrelated to investmentbanking. He was also theequity partner of GoldmanSach’s JBWere for 17 years.Further, he was non-executive Chairmen in VitacoHoldings Limited during2015 August to 2016November.$ 299,000StephenGodard,Non-executivedirectorMale58BSc (Hons),MScHe has experience in retailsector for more than 30 yearas the senior executive. Theseinclude senior managementpost in Myer, operationdirector and finance directorin David Jones. He is eventhe non-executive director inGWA group limited and alsohas the experience of as thechair and nonexecutivedirector of Audit and riskmanagement committeeunder Surfstich Group Ltdand Pacific Brands. $ 126,189BethLaughton, NonexecutivedirectorFemale55B.Ec,FAICD,FCAShe is a qualified Charteredaccountant and has more than25 years of experience incorporate finance. She alsohas an experience intelecommunication,information technology andentertainment for more than12 years. $ 175,000MarkPowell,NonexecutivedirectorMale56BSc (Hons),MBA(Distinction), MSc, MA(Hons),BApp. He has more than 25 years ofexperience in the wholesale,retail and logistic sector. Hewas also the advisor of boardof The Good guys for morethan 18 months. $ 45,044
ACCY801: Accounting and Financial Management Assignment_4

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