Corporate Accounting Name of the student- Topic- Corporate Accounting University name

Corporate Accounting
Name of the student-
Topic- Corporate Accounting
University name

Corporate Accounting
Table of Contents
Introduction........................................................................................................... 3
Answer to question-1................................................................................................... 3
Answer to question-2................................................................................................... 4
Comparative analysis of the all three main flow of activities.............................4
Answer to question no-3........................................................................................ 4
Answer to question no-4........................................................................................ 5
Answer to question no-5........................................................................................ 5
Answer to question no-6........................................................................................ 5
Answer to question no-7............................................................................................... 6
Explain, why this is with reason.............................................................................6
Answer to question no-8............................................................................................... 7
Answer to question no-9............................................................................................... 9
Why the income tax payment is not same with the income tax payable...........9
Answer to question no-10.............................................................................................. 9
Answer to question no-11............................................................................................ 10
Conclusion........................................................................................................... 11
References........................................................................................................... 12
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Corporate Accounting
Introduction
With the ramified economic changes and complex business structure, each and every
company is operating in the international market are following international financial
reporting framework. As this International rules and regulation has very complex structure
which require from company or entity to establish a separate compliance function like
internal audit department or audit committee and foam a policy to define role and
responsibility of such function or department. This report focuses on the analysing the cash
flow statement and recording of accounts as per the accounting rules and taxation rules. It is a
listed company operating in the international field which make it obligated to compliance
with domestic as well as international financial reporting framework.
Answer to question-1
Analysis of the Cash flow statement
Cash flow statement show the flow of the cash whether it is inflow or outflow , It include
the cash flow of current year as well as cash flow of the year as well as cash flow of the year
which is not related to relevant previous year. Cash flow statement classifies its activity in
three phases:-
Operating Activity which includes the flows of the cash which generate from operational
activity.
Investment activity includes the flow of cash from sale or purchases of any Immovable
property.
Financial activity includes the cash flow from financial activity like loan taken or repayment,
issue of security or redemption of debenture etc.

Corporate Accounting
The non- cash items if company is AUD $ 34 million which have increased by 22% since
last one year.
The company has also acquired the new machinery and assets of AUD $886 million which
has been shown in investment activity.
The cash outflow from the financial activities have reflected the cash outflow of AUD $ 396
in 2017 that is 12% higher as compared to last year data.
The company has also declared the dividend on its share capital which is AUD$119
million .It is 10% higher than the previous year.
After assessing the cash flow of JB HI-FI Company it is concluded that company has
increased its free cash flow to AUD$ 21 million. Since last years.
Answer to question-2
Comparative analysis of the all three main flow of activities
JB HI FI LTD (JBH) Statement of CASH FLOW
Fiscal year ends in June. AUD in millions
except per share data.
2017-
06
2016-
06
2015-
06
2014-
06
2013-
06
Net cash provided by operating activities 191 185 180 41 156
Net cash used for investing activities -886 -52 -44 -38 -38
Net cash provided by (used for) financing
activities 716 -131 -130 -28 -91
Free cash flow 142 133 137 5 121
As company is operating on a large scale so it is reasonable to have higher amount of
operating activity therefore all of its free cash flow is accompanied with the increasing and
decreasing of cash. Company is having positive cash flow in the business as reflect from free
cash flow amounting AUD $ 142 million. If company want to sustain its capital for long run
than it needs to focus on increasing the value of its business then they needs to increase the
overall output and efficiency of the business.