Corporate Accounting Study on JB HI FI and Kathmandu Limited

Running Head: Corporate Accounting
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Project Report: Corporate Accounting

Corporate Accounting
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Executive summary
In the report, the corporate accounting study has been performed on two Australian
companies, JB HI FI and Kathmandu limited. Both the companies are operating their
business under the Australian retail industry. The corporate accountant mainly checks that
whether the company has followed the proper recording and presentation rules of AASB
while showing the financial statement in the annual report of the business. The study explains
that the recording and presentation position of both the companies are similar and thus it was
easier to conduct the study and compare the position of both the companies.

Corporate Accounting
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Contents
Introduction of report........................................................................................................4
Company’s introduction...................................................................................................4
Owner’s equity..................................................................................................................5
1.Equity items...............................................................................................................5
2.Debt and equity position............................................................................................6
Cash flow statement..........................................................................................................6
3.Cash flow statement items.........................................................................................6
4.Comparative analysis from last year..........................................................................8
5.Comparative analysis among the companies.............................................................9
Other comprehensive income statement...........................................................................9
6.Comprehensive income statement items.................................................................10
7.Profit and loss statement..........................................................................................10
8.Comparative analysis...............................................................................................11
9.Manager’s performance...........................................................................................12
Accounting for corporate income tax.............................................................................12
10.Tax expenses in annual report...............................................................................12
11.Effective tax rate....................................................................................................12
12.Deferred tax assets and liabilities..........................................................................13
13.Changes in Deferred tax assets and liabilities.......................................................13
14.Cash tax amount....................................................................................................14
15.Calculation of cash tax rate....................................................................................14
16.Book tax rate and cash tax rate..............................................................................15
Conclusion......................................................................................................................15

Corporate Accounting
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References.......................................................................................................................16