Requirements for Accounting Name of the University Author Note

Running head: CORPORATE ACCOUNTING
Corporate accounting
Name of the Student
Name of the University
Author Note

CORPORATE ACCOUNTING
Table of Contents
Requirement i)............................................................................................................................2
Requirement ii)...........................................................................................................................3
Requirement iii).........................................................................................................................3
Requirement iv)..........................................................................................................................4
Requirement v)...........................................................................................................................5
Requirement vi)..........................................................................................................................5
Requirement vii).........................................................................................................................5
Requirement viii).......................................................................................................................6
Requirement ix)..........................................................................................................................6
Requirement x)...........................................................................................................................7
Requirement xi)..........................................................................................................................8
References list:.........................................................................................................................10
Appendix:.................................................................................................................................12

CORPORATE ACCOUNTING
Requirement i)
The statement of cash flow of Azure minerals has three different segments that are
cash from operating activities, cash from financing activities and cash from investing
activities. Items listed under cash flows from operating activities include interest received,
payment from suppliers, expenditure on mining interest, reimbursement of exploration
expenditure and other revenue. Revenue is the amount of money that is received by
organization during specific time period. Payments to suppliers are the amount that is paid for
purchasing the raw materials (Adams 2017). It can be seen from the statement that there has
been increase in net cash outflow from $ 4785247 in year 2016 compared to $ 7022959 in
year 2017. This increase in net cash flow is attributable to increase in payment made to
suppliers and employees and increase in expenditure on mining interests.
Now, looking at the items of cash flow from investing activities, it can be seen that
there is significant decline in acquisition payment for projects and any payment made for
plant and equipment. There were proceeds from sale of projects of amount $ 140190. There
was net cash inflow of amount $ 95222 in year 2017 (Azureminerals.com.au 2018).
Items under net cash flow for, financing activities include share issue costs, proceeds
from issue of ordinary shares and prepayment of issue or ordinary shares. Share issue cost is
the cost that is incurred by reporting entity for issuing shares. There has been fall in the cash
flow from financing activities from $ 14554099 to $ 7339880 (Azureminerals.com.au 2018).
Items of cash and cash equivalent include cash and cash equivalent at the beginning of
year and impact of exchange rate on cash and cash equivalent. The amount of cash and cash
equivalent at the end of year 2017 and 2016 stood at $ 9699949 and $ 9387160. Company
was successful in raising $ 7.9 million in raising capital. This increase in amount is

CORPORATE ACCOUNTING
attributable to increase in cash flow from investing and financing activities in year 2017
(Azureminerals.com.au 2018).
Requirement ii)
Comparative analysis of three different categories of cash flow:
Particular 2015 2016 2017
Net cash flows from operating activities
$ -
18,31,676.00
-
47,85,247
-
70,22,959
Net cash flows used in investing
activities -508029 19,87,175
-
95,222
Net cash flows used in financing
activities 3154206
-
1,45,54,099
-
73,39,880
The above table depicts the comparative analysis of cash flow from operating
activities, financing activities and investing activities. Net cash flow from operating activities
declined in year 2017 to $ 7022959 as against $ 1831676 in year 2015. There was net cash
flow used in financing activities in year 2017 at amount $ 7339880 compared to $ 3154206 in
year 2015. On other hand, from investing activities, there was increase in cash flow to $
95222 in year 2017 as against $ -508029.
Requirement iii)
The items listed under the comprehensive income statement involves revenue from
continuing activities that involves expenditure, director fees, depreciation, salaries and
employee benefit expenses, exploration expenses, travel expenses, promotion expense,
administration expense, consulting expense, share based payment expense, other expense and
insurance expense. The total amount of loss resulting from continuing operations before
income tax for year 2017 stood at $ 6985541 as against $ 6253385 in year 2016. Total
amount of revenue for year 2017 is recorded at $ 442421 as against $ 589448 in year 2016