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Corporate Accounting - Sample Assignment PDF

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Added on  2021-06-15

Corporate Accounting - Sample Assignment PDF

   Added on 2021-06-15

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HI5020 CorporateAccountingAssessment 2 – Retail Food GroupSTUDENT ID:[Pick the date]
Corporate Accounting - Sample Assignment PDF_1
Corporate AccountingRFG (Retail Food Group) is the company that is chosen to complete the assessment.Considering that the most recent annual report is to taken, hence annual report for FY2107has been taken for extracting various relevant data required for this task.CASH FLOWS STATEMENT(i)The key items related to the operational cash flow are indicated as follows (RFG, 2017).The cash obtained from customers is captured using the customer receipts. It is noticeablethat this has seen a sizable rise in FY2027 when compared to FY2016. Yet another keycomponent is the cash paid by the company during the year to suppliers along with theemployees for the raw material and services offered. The growth in these payments is alsoquite substantial. The finance costs that the company has actually incurred during the yearhave witnessed an increase during FY2107 in comparison to the year before. Also, the taxpaid by the company to the tax authorities for FY2017 has seen a jump over the value paidduring the previous year (RFG, 2017).The key items related to the investing activities cash flow are indicated as follows (RFG,2017).A key component of the above cash flows is the money spent by company in relation to plant,property and equipment acquisition. This cash outflow has witnessed a significant amount of
Corporate Accounting - Sample Assignment PDF_2
Corporate Accountingincrease in the year ending on June 30, 2017 in comparison to the year ending on June 30,2016. Further, the company also tends to liquidate some of the plant, property and equipmentholdings which it considers as redundant and cash inflows are realised from the same.Besides, a sizable chunk of cash is used by the company to purchase various businesses alongwith acquiring intangible assets particularly brands. There is a huge jump in cash outflow onaccount of investing activities in FY2017 (RFG, 2017).The key items related to the financing activities cash flow are indicated as follows (RFG,2017).This reflects on the cash inflow and outflow generated on account of financing activities.Cash inflows can result from issue of shares or incremental debt as these are the two mainsources of finance that are tapped by the company. For FY2017, money was raised throughboth debt and equity amounting to $ 189.5 million and $ 35.6 million respectively. In relationto cash outflow, there are three key elements namely payment of dividends, borrowingrepayment and costs for issuance of securities. The dividend paid by the company haswitnessed a jump in FY2017 when compared with FY2016. There has been repayment ofdebt to the extent of $ 149.5 million during FY2017. Besides, money paid in relation toraising money through debt and equity also leads to cash outflow as represented above (RFG,2017).ii) The three major cash flow components are cash flow arising from operating, investing andfinancing activities respectively. The last three years trends are highlighted in the followingtabular format.
Corporate Accounting - Sample Assignment PDF_3

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