Corporate Accounting: Cash Flow Statement, Other Comprehensive Income Statement, and Accounting for Corporate Income Tax

Running head: CORPORATE ACCOUNTING
Corporate Accounting
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CORPORATE ACCOUNTING
1
Table of Contents
Cash Flow Statement:................................................................................................................2
Answer to i:................................................................................................................................2
Answer to ii:...............................................................................................................................2
Other Comprehensive Income Statement:.................................................................................3
Answer to iii:..............................................................................................................................3
Answer to iv:..............................................................................................................................3
Answer to v:...............................................................................................................................4
Accounting for Corporate Income Tax:.....................................................................................4
Answer to vi:..............................................................................................................................4
Answer to vii:.............................................................................................................................4
Answer to viii:............................................................................................................................5
Answer to ix:..............................................................................................................................5
Answer to x:...............................................................................................................................5
Answer to xi:..............................................................................................................................5
Reference and Bibliography:......................................................................................................7

CORPORATE ACCOUNTING
2
Cash Flow Statement:
Answer to i:
The Cashflow statement of Qantas is segregated in three different segments, which
contains financing activities, investing activities, and operating activities. The identified
activities mainly help in understanding the cash outflow and inflow of the organisation during
the fiscal year. The operating activities mainly comprises interest received, interest paid,
divided received, income tax paid, cash generated from operations, cash payments to
employees for redundancies and related costs and cash payments to employees for Wage
Freeze bonus and Record Results bonus. In addition, cash flow from investing activities
comprises purchase of PPEI (Property, Plant, Equipment, and Intangible assets), net loan
repayments, proceeds from PPEI disposals and aircraft operating lease financing.
Furthermore, the financing activities that is included in the statement is payments for share
buyback, capital return, treasury shares, borrowings, repayment of borrowings, and dividends
paid (Investor.qantas.com, 2018).
Answer to ii:
The operating activities of Qantas has mainly improved over time, where during 2015
the overall values of the operating activities was at the levels of 2,492 million. In addition,
the vales have charged using 2017, where the values have inclined to 2,704 million, which
indicates the positive attributes of the organisation. Moreover, the value of investing activities
has future deteriorated in 2017, as compared to 2015. This indicates the excessive investment
conducted by the company to secure future performance. On the other hand, the cash flow
from investing activities has mainly improved from -1,218 million in 2015 to -854 million in
2017. This mainly reflects the decline in cash outflow of the organisation during the period of