Corporate Accounting Assignment | WoolsWorth
15 Pages3351 Words120 Views
Added on 2019-11-19
Corporate Accounting Assignment | WoolsWorth
Added on 2019-11-19
ShareRelated Documents
Running head: CORPORATE ACCOUNTINGCorporate accountingName of the studentName of the universityAuthor note
1CORPORATE ACCOUNTINGTable of ContentsQuestion 1..................................................................................................................................2Part 1......................................................................................................................................2Part 2......................................................................................................................................3Question 2..................................................................................................................................5Part 1......................................................................................................................................5Part 2......................................................................................................................................6Question 3..................................................................................................................................7(A)Need for making the adjustments for the intra group transactions..............................7(B)Impact of income tax arising from intra group transactions........................................7(C)Unrealised profit..........................................................................................................8Reference....................................................................................................................................9
2CORPORATE ACCOUNTINGQuestion 1Part 1Woolworths is the supermarket chain from Australia that is owned by the WoolworthsLimited. It closely works with the Australian farmers and growers to assure the best qualityof products to the customers. Looking at the annual report of the company for the year ended2016 the following details are found – 1.No of independent directors – out of the total directors, there are six directors who areindependent who falls under the non-executive category.2.Gender of the directors – out of total 13 directors who were in the board during theyear 2016, 7 directors were male and 6 directors were female.3.Qualification of directors – Jillian Broadbent AO: She has done B.A in economics and maths from the Universityof SydneyHolly Kramer – she has done B.A with Honours in Political science and economicsfrom the Yale University and also done MBA from the Georgetown UniversityScott Perkins – he is qualified with bachelor of laws with honours and bachelor ofcommerce from the Auckland University. 4.Experience of directors –Jillian Broadbent AO: she was the member of Board of Reserve Bank of Australia andwas also served as director of the ASX Limited, Special Broadcasting ServiceCorporation, Coca-Cola Amatil Limited, Westfield property Trusts, Quantas AirwaysLimited and Woodside Petrolium Limited. She has wide experience regardingcorporate finance and banking internally and in Australia both, particularly with thebankers trust Australia (Woolworths Supermarket - Buy Groceries Online 2017).
3CORPORATE ACCOUNTINGHoly Kramer: she has more than 20 years of experience in sales, marketing andgeneral management including the role at Ford Motor Company, Telstra and Pacificbrands. Further she was the group managing director, chief of the marketing and inproduct management of Telstra. Moreover, she was the CEO of Best & Less which isthe subsidiary of the South African retail group Pepker. Scott Perkins: he has wide international and Australian experience as the leadingcorporate advisor. Further, he was the head of the corporate finance under DeutscheBank New Zealand and Australia. Moreover, he was the member of the managementcommittee of Investment bank and the member of Asia Pacific Corporate. 5.Involvement in other board – Jillian Broadbent – Chair of Board under Swiss re Life & Health Australia Limited.Holly Kramer – Non-executive director of the Nine Entertainment Corporation andAMP Limited Australia. Scott Perkins – Non-executive director of the Brambles Limited, Museum ofContemporary Art in Sydney, Origin Energy Limited and the New Zealand initiative.Part 2Introduction The main objective of this report is to focus on the financial performance of theWoolworths Group for the past 3 years to be presented at the annual general meeting of thecompany. The report will focus on the profitability aspect of the company, dividend paymentto the shareholders and the changed in the owner’s equity. The report will also take intoconsideration the company’s future growth aspect and social and environmental sustainabilityand various challenges faced by the company in the industry from various sources like fromcompetitors.
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Board composition Assignment PDFlg...
|8
|2492
|84
Corporate Accounting of Woolworthslg...
|9
|1688
|23
University Name Contents Introduction 5 Part-A 6 Answer to question no-1 6 Answer to question no-4 7 Answer to question no-5 10 Answer to question no-7 10 Answer to question no-7 10 Answer to questionlg...
|15
|1757
|388