Corporate Accounting of JB hi-fi

   

Added on  2021-05-27

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Running head: CORPORATE ACCOUNTINGCorporate AccountingName of the Student:Name of University:Author’s note:
Corporate Accounting of JB hi-fi_1
CORPORATE ACCOUNTING1Table of ContentsSolution to a..........................................................................................................................................2Solution to b..........................................................................................................................................2Solution to c..........................................................................................................................................3Solution to d..........................................................................................................................................3Solution to e..........................................................................................................................................3Solution to f...........................................................................................................................................4Solution to g..........................................................................................................................................4Solution to h..........................................................................................................................................5Solution to i...........................................................................................................................................5Solution to j...........................................................................................................................................6Solution to k..........................................................................................................................................6References:............................................................................................................................................7
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CORPORATE ACCOUNTING2Question 1Solution to aAfter analysing the annual report of 2017 of the Australian company of JB hi-fi it can be said about the cash flow statement that in the year of 2017 the company has a net cash flow from the operating activities of $190m and in the year of 2016 the company had $185.1m therefore it can be said that there has been more inflow of cash in the company, enhancing the ability of the company to pay off the short term obligations from the operating activities(Nizam & Hoshino, 2016).it can be saidthat the liquidity has been increased. In case of the financing activities the cash flow of 1017 is -$885.5m and in the year 2016 it was -$52 m, which is appositive outcome, hence the liquidity has been increased. Moreover when it comes to the cash out flow from financing activities is $715.9m and-$130.5m in the year 2016 the out flow has been increased representing a downfall in the liquidity. However, the cash and cash equivalents inflow has been increased that shows an increase in the liquidity, the amount rose from $51.9m in 2016 to $72.8m. The chosen company that is to be compared with JB hi-fi Wesfarmers dealing with similar products and lies in the same industry. The net cash inflow from operating activities is $4226m in 2017, from investing activities it is -$53m and from financing activities it is -$3771m. The net cash and cash equivalent in the company is $1013m inthe same year. Therefore, after analysing it can be said that Wesfarmers is more liquid as it has more cash inflow and less outflow as compared with JB hi-fi.Solution to bIn the annual report of JB Hi fi of the year 2017, the recognised dividend are the final dividend of the previous financial year with $36.7m and interim dividend of the current financial year of $82.4m. The unrecognised dividend is the final dividend of the current financial year. There are some dividends unrecognized in the annual statement as the date of declaration is decided by the board (Ijiri, 2018).
Corporate Accounting of JB hi-fi_3

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