Corporate Accounting Assignment | AGL
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Added on 2021-01-02
Corporate Accounting Assignment | AGL
Added on 2021-01-02
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CORPORATEACCOUNTING
INTRODUCTIONCorporate accounting is the accounting which generally deals in doing accounting forthe comapnies,whih includes preparing of the final accounts and income statements, analysis andinterpretation of the financial results of companies and accounting for the specific events whichincludes amalgamation, absorption.The present study is about the company named AGL which is the producer of theelectricity and gas in the industry of energy utilities focusing on producing and distributing theelectricity and gas to the commercial areas and residential .it is Australian based company .The report will contain the brief introduction of the company, its annual reports and financialstatements which generally includes the cash flow, income statement (P&L account) and Balancesheet which carries the amount of the different elements of the company which will helps tounderstand the different key elements and accounting policies of the company and the carryingamount of the different elements1 Company's business with detail of different functions and activities and different segment ofbusiness.AGL energy limited is an public company in Australia which deals in the generation andretailing business of electricity and gas for commercial use and residential .They generate theenergy from the power stations which use the thermal power, natural gas, hydroelectricity, windpower, energy using solar pannels, gas storage and coal seam gas sources(Watson,2015). Theyalso provide service which includes Electricity generation, electricity distribution,Electricityretailing and natural gas retailing and distribution. The Australian gas light company was formedin Sydney in 1837(Suzuki,2015). They gradually diversified their activities into electricity to number of differentlocations. they entered the gas market of residential and commercial of Australia. Schaltegger,Burritt & Petersen, 2017). they focusing into different project which includes power generationprojects in development, power Australian Renewable fund, upstream gas projects, renewableenergy and many hi helps them to expand their market share and able to achieve theirorganisation goal effectively and efficiently.
The company basically operate their functions in the four segments:customer Markets wholesale Marketsgroup operations and Investment segment(Maas, Schaltegger & Crutzen, 2016)They dealt in generation of electricity using thermal, hydro , solar power generations and wind .Activities related top Gas storage and retail sale of electricity , gas, energy and solar productsand services are the core business activities performed by the AGL. They operate electricitygeneration portfolio of around 10245 megawatts(Liu, Li, Zeng & An, 2017).2 Industry of the company operations and discussion of the implication of the different factorsincluding its competitors and their operations.Australian Gas light company involve in producing and retailing of the electricity and gasfor the commercial use and residential use. company operates in the Energy utilities industrywhich is rising greatly(Ijiri, 2018). This industry is basically deals in the generating and sale ofenergy which includes the extracting the fuel, manufacturing, refining and distribution .thissector is useful for the organisation operating in particular sector as it provides regular profitand dividends to shareholders making long term investments and dividend are usually higher thatthose of which are paid by other stocks. Utility sector has intense regulatory bodies since hey providing the basic needs of civilsociety. this sector offers stable, long term investment with regular ad attractive dividends,utilities offering many options for investment which includes ETF's, individual company stock,bonds, etc(Guenther & et.al., 2015). The utilities sector might follow the major trends which help in driving the industry ingrowth path that is by Disruptive innovation and technologies, shift towards decentralizationrelentless focus on the efficiency, global decarbonization drive can lead to the industry towardsthe future success, growth and development. AGL has many competitors in the industry and oneof the tough competitor is Alinta energy which is also an electricity generating company
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