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(Solution) Corporate Accounting: Assignment

   

Added on  2020-12-29

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CORPORATE ACCOUNTING
(Solution) Corporate Accounting: Assignment_1

EXECUTIVE SUMMARYCorporate accounting can be termed as the major branch which directly deals withorganization's system, preparation of financial statements with its appropriate analysis andinterpretation of fiscal outcomes. The present report will discuss about two public limitedcompanies which are listed on Australian Securities Exchange as Qantas Airways Limited andAlliance Aviation Services Limited. Further, it had been stated that, cash flow statement isclassified in three broad categories in which operating section plays major role for generatingcash. It could be elaborated that, actual profit could be attained through adjusting othercomprehensive income statement. Further, it could be summed by reflecting corporate incometax which plays very efficient role for absorbing effective tax rate, cash tax rate and cash taxamount.
(Solution) Corporate Accounting: Assignment_2

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1OWNER'S EQUITY........................................................................................................................11. Discussing changes in each component of equity...................................................................12. Providing comparative analysis of debt and equity position of both the firms.......................2CASH FLOW STATEMENT..........................................................................................................43. Discussing changes in cash flow items over the past years....................................................44. Comparative analysis of broad categories of cash flow statement.........................................55. Comparison of both companies from the above analysis........................................................7OTHER COMPREHENSIVE INCOME STATEMENT................................................................76. Stating items of other comprehensive income statement of both organization......................77. Reason for not including items in Profit and Loss statement..................................................88. Comparative analysis of other comprehensive income statement..........................................89. Performance evaluation must be considered in other comprehensive income (OCI)...........10ACCOUNTING FOR CORPORATE INCOME TAX..................................................................1110. Stating tax expenses of both organization...........................................................................1111. Calculation of effective tax rate..........................................................................................1112. Comment on deferred tax asset and liabilities....................................................................1113. Presenting changes in deferred tax asset and liabilities......................................................1214. Calculating cash tax amount with book tax, deferred tax asset and liabilities....................1315. Calculating cash tax rate.....................................................................................................1316. Providing difference among book and cash tax rate...........................................................14CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................15
(Solution) Corporate Accounting: Assignment_3

INTRODUCTIONCorporate accounting can be termed as the major branch which directly deals withorganization's system, preparation of financial statements with its appropriate analysis andinterpretation of fiscal outcomes. The present report will discuss about two public limitedcompanies which are listed on Australian Securities Exchange as Qantas Airways Limited andAlliance Aviation Services Limited. Both these organizations are comprised in transportationindustry. This report will state financial statements in detailed aspect with reference to owner'sequity and various alteration from past three years. It will provide comparative analysis ofcapital structure of both organization. It will also articulate about cash flow statements andclassification of its broad categories in past three years. In the similar aspect, it would state itemsof other comprehensive income statement and reason for not considering it in profit and lossstatement. This report will also show various working on corporate income tax with the latestfinancial statements of both companies. It ill calculate effective tax rate and amount by statingreasons of creating deferred tax asset and liability. Last but not least, it will conclude by statingvariations among cash tax and book tax rate.OWNER'S EQUITY1. Discussing changes in each component of equityQantas Airways Limited20162017% changein 201620172018% change in2017IssuedCapital36253259-10.10%32592508-23.04%Treasuryshares-50-206312.00%-206-115-44.17%Reserves-22012-105.45%124793891.67%Retainedearning-100472-572.00%4721084129.66%Equity tomembers ofQantas325535378.66%3537395611.85%Non-controllinginterest53-40.00%330.00%1
(Solution) Corporate Accounting: Assignment_4

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