Corporate Accounting

Running head: CORPORATE ACCOUNTING
Corporate Accounting
Name of the Student:
Name of the University:
Author’s Note:

1CORPORATE ACCOUNTING
Table of Contents
Answer to question 1:......................................................................................................................2
Part A:..........................................................................................................................................2
Sub Part 1:................................................................................................................................2
Sub Part 2:................................................................................................................................2
Part B:..........................................................................................................................................3
Answer to question 2:......................................................................................................................4
Part A:..........................................................................................................................................4
Sub Part 1:................................................................................................................................4
Sub Part 2:................................................................................................................................5
Sub Part 3:................................................................................................................................6
Part B:..........................................................................................................................................6
References and bibliography:..........................................................................................................9

2CORPORATE ACCOUNTING
Answer to question 1:
Part A:
Sub Part 1:
From the consolidated cash flow statement of the CSL Limited, it can be observed that,
the main source of their operating revenue is receipts from customers in consideration of
healthcare services. They have spent some amount in acquisition of a business unit and to
acquire some equipment, which constitutes their investing activities. Their financing activities
include proceeds from issue of shares and borrowings and repayment of borrowings and payment
of dividend. Operating activity of Telstra Group includes receipts from customers for
telecommunication services provided and grants from governments. Their investing activity
includes acquisition and sale of property, plant and equipments. Their financing activity includes
proceeds from borrowing, share buy backs, payment of dividend and repayment of borrowings
(Standard 2015).
Sub Part 2:
Cash flow statement shows cash inflows and outflows in three distinct heads, cash flow
from operating activities, cash flow from investing activities and cash flow from financing
activities. There are two methods of preparation of cash flow statement, one is direct method and
another is indirect method. In direct method, cash flow from operating activities is computed
taking all the receipts from operating activities and payments in relation to operating activities. in
indirect method, cash flow from operating activities is computed taking the net income as the
base. In this method, all the non-cash expenses are added back with the net income and the net
change in current assets and current liabilities is adjusted with the net income (Standard 2015).

3CORPORATE ACCOUNTING
Part B:
Name of the company CSL Limited
Number of independent
directors and directors &
their gender
CSL Limited is having 9 independent directors, 6 of them are
male and 3 of them are female.
CSL Limited is having total 11 directors, and 9 of them are
male and 3 of them are female.
Qualifications of 2 directors
& your opinion
Mr. Abbas Hussain is an independent director of the CSL
Limited. He holds a Bachelor of Science degree with
specialization in pharmaceuticals.
Mr. Brian McNamee AO is also an independent director of
the CSL Limited. Mr. Brian McNamee AO is having three
valuable professional degrees. He is having an MBBS degree
from Columbus University, Louisiana. He is also having a
FAICD and FTSE degree.
Experiences of 2 directors&
your opinion
Mr. Abbas Hussain is a member of the Innovation and
Development Committee, the Human Resources and
Remuneration Committee and the Nomination Committee. He
has been serving the GlaxoSmithKline (GSK) as the Global
president previously, before that; he has been serving the ViiV
Healthcare Limited as a Director. He also had been a member
of board of directors of Aspen Healthcare and the
Duke/National University of Singapore Medical School.
Lastly, he joined the CSL Limited as an independent director in