Corporate Accounting of Coca Cola
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Added on 2021-06-14
Corporate Accounting of Coca Cola
Added on 2021-06-14
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Running head: CORPORATE ACCOUNTINGCorporate AccountingName of the StudentName of the UniversityAuthor Note
CORPORATE ACCOUNTING1Table of ContentsBrief Overview of the Company................................................................................................3Changes in item of cash flow statement over the past few years and reasons for the change...3Comparative analysis of the company’s three broad categories of cash flows that is operatingactivities, investing activities and financing activities:..............................................................4Other Comprehensive Income Statement items and analysis of each items..............................5Causes for the above items not reported in the income statement.............................................5Explanation of the about the chosen company’s income tax expenditure.................................6Whether tax figure that is same as company tax rate times the company’s accounting income6Deferred tax reported in balance sheet and reasons for the record............................................7Income tax payable or current tax assets recorded by the firm..................................................7Whether Income tax expenditure that is shown in income statement same as income tax paidshown in cash flow statement....................................................................................................8Unique Features in the financial statements and the new insights along with recommendations....................................................................................................................................................8References..................................................................................................................................9Appendix..................................................................................................................................11
CORPORATE ACCOUNTING2Brief Overview of the Company The chosen company is Coca Cola Amatil that is listed under the ASX is that dealswith the soft drinks and non-alcoholic beverages in Australia. In order to analyze the annualreport the chosen organization listed on the Australian Stock exchange (ASX) The Companyoffers a stable cash flows and comparatively low risks and it facilitates payment to theinvestors along with the potential long-term growth. It seeks to establish the diversifiedportfolio with regard to regulated utility infrastructure assets and continuing to be in the leadposition under the Australian infrastructure investment fund. Further, the values upon whichthe company is maintaining its growth are fairness, honesty, maximizing the value of thesecurity holder and maintenance of the high standards for corporate governance.Changes in item of cash flow statement over the past few years and reasons for the changeBy the evaluation and analysis of the cash flow statements of the businessorganizations, it becomes easier to gain an understanding of their inflows as well as outflows.For this paper, Coca Cola Amatil has been chosen and each item of its cash flow statement isanalyzed. The cash flow statement mainly consist of three sections that involves cash flowfrom investing activities, operating activities, financing activities and net cash as well as cashequivalents (Brooks, 2015). The items that are included in the operating activities involvesdepreciation, adjustments to net income, liabilities changes, inventory changes, changes inaccounts receivable and changes in other operating activities. The items that are included inthe investment activities are capital expenses, investments and other cash flow frominvestment activities. In this cash flow statement of Coca cola Amatil, financing activitiesmainly consists of the paid dividends, net borrowings, purchase as well as sale of stocks andother cash flows from the financing activities (Grant, 2016).
CORPORATE ACCOUNTING3Comparative analysis of the company’s three broad categories of cash flows that is operating activities, investing activities and financing activities:Cash flows from operations:It has been seen that the total cash flow of operating activities has increased in theyear 2017 to $5, 89,200 from the year 2016 and 2015. Cash flows from investing activities:It is evident that the total cash used for the investment activities increased in the year2016 to -1, 89,800 from $ -3, 21,400 in the year 2015 and then again increased to $ -1, 82,600in the year 2017.Cash flows from financing activities:There has been rise in total cash used in the financing activities in the year 2017 to -6,84,500 from the year 2015 but in comparison to 2106 the cash out flow has been enhancedfrom $-4, 38,500.Moreover, the change in cash and cash equivalents amounts to $-3, 40,700in the year2017, $1, 39,600 in the year 2016 and $4, 34,400 in the year 2015. Particular 2017 in $m2016 in $m2015 in $mNet cash flow from operating activities 5,89,2007,74,8006,26,800Net cash flow from investing activities-1,82,600-1,89,800-3,21,400Net cash flow from financing activities-6,84,500-4,38,5001,22,400
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