Corporate Accounting: Business and Financial Analysis through Owner's Equity, Cash Tax Rate, and Effective Tax Rate

This presentation discusses corporate accounting and its importance in business through the analysis of owner's equity, cash tax rate, and effective tax rate. Comparative analysis is made between Westpac banking and ANZ banking groups. The presentation also includes a brief introduction to corporate accounting and a conclusion summarizing the key takeaways.

Table of content
Introduction
Owner’s Equity
Cash Flow Statement
Effective Tax Rate
Cash tax rate
Conclusion

Introduction
 Corporate Accounting is a concept of developing
accounting concepts and rules as per business
organization conceptual framework.
 Development of facts, norms and accounting
principles as per business accounting demands, is
known as corporate accounting.
 Organizations used are Westpac banking group and
ANZ Banking Group.
 This presentation will depict about business and
financial analysis through owner’s equity, cash tax
rate, effective tax rate and comparative analysis
related to cash flow activities.

Owner’s Equity
- Owner’s equity can be taken as shareholder’s
equity which includes following measurable
items:
- Treasure Stock
- Reserves
- Retained Earnings
- Patent entity interest
- Non-controlling interest
- Hedging Investments.

Comprehensive Profit and LOSS
statement

Effective Tax Rate

Cash tax rate

Conclusion
It is concluded through this presentation that
comparative analysis has been made between
two companies’ named Westpac banking and
ANZ banking groups.
It has described comparative assessment
related to effective tax rate, cash tax rate and
owner’s equity.
 Through this presentation analysis readers will
be able to recognize and understand the
importance of corporate accounting in business.

Reference
Gordon, E.A., Henry, E., Jorgensen, B.N. and Linthicum, C.L.,
(2017) Flexibility in cash-flow classification under IFRS:
determinants and consequences. Review of Accounting
Studies, 22(2), pp.839-872.
Hall, B.H., Moncada-Paternò-Castello, P., Montresor, S. and
Vezzani, A., (2016) Financing constraints, R&D investments
and innovative performances: new empirical evidence at the
firm level for Europe.
Khan, S. and Bradbury, M.E., (2016) The volatility of
comprehensive income and its association with market
risk. Accounting & Finance, 56(3), pp.727-748.
Law, J., (2018) A Dictionary of Finance and Banking. UK:
Oxford University Press.