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HI5020 Corporate Accounting Assignment: CSR Limited

   

Added on  2020-05-28

10 Pages2634 Words32 Views
Running head: CORPORATE ACCOUNTINGCorporate AccountingName of the StudentName of the UniversityAuthor’s Note
HI5020 Corporate Accounting Assignment: CSR Limited_1
1CORPORATE ACCOUNTINGTable of ContentsAnswer to Question I.......................................................................................................................1Answer to Question II......................................................................................................................2Answer to Question III....................................................................................................................3Answer to Question IV....................................................................................................................4Answer to Question V.....................................................................................................................5Answer to Question VI....................................................................................................................5Answer to Question VII...................................................................................................................6References........................................................................................................................................7
HI5020 Corporate Accounting Assignment: CSR Limited_2
2CORPORATE ACCOUNTINGAnswer to Question IDifferent types of financial statements provide the overall picture of the financial healthof the companies. Three major substances of the financial statements of the companies areAssets, Liabilities and Owner’s Equity (Brigham & Ehrhardt, 2013). This part attempts toanalyze all the items of equity of CSR Limited, Australia.According to 2017 Annual Report of CSR Limited, four items of equity of the companyare Issued Capital, Reserves, Retained Profits and Non-Controlling Interests (csr.com.au, 2017).Issued capital refers to the share capital issued to the shareholders in order to raise capital forbusiness operations. The latest annual report of CSR Limited shows a slight fall in issued capitalin 2017 from 2016; that is $ 1036.8 in 2017 and $ 1041.1 in 2016 (csr.com.au, 2017). Totalnumber of share issued in 2017 and 2016 are 504,480,858 and 505,700,315. Less number ofissued shares is the reason for the decrease in issued capital in 2017 over 2016 (csr.com.au,2017). The next item is Reserves. Reserves refer to the excess amount of money paid by theshareholders apart from the par value of shares. As per the annual report of CSR Limited, theamount of reserve was positive in 2016 that is $ 20.4 million; but in 2017, drastic decline inreserve can be observed and it has become negative that is $ (73.4) million (csr.com.au, 2017).The major purpose of reserve in CSR Limited is reserve for hedge, restive for foreign currencytransition, reserve for employee shares, reserve for share-based payment trust, non-controllingreserve and other reserves. In 2017, the major reasons for the decline in reserve arecompensation of hedge loss in equity, transfer of hedge profit, recycling of foreign currency,disposal of equity investments, acquisition of treasury shares and non-controlling interest onsubsidiary acquisition (Brigham & Houston, 2012). The next item in equity is Retained Profit
HI5020 Corporate Accounting Assignment: CSR Limited_3

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