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Corporate Accounting Solution Assignment

   

Added on  2021-01-03

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Finance
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Corporate Accounting
Corporate Accounting Solution Assignment_1

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1CASH FLOW STATEMENT..........................................................................................................11. List each items of cash flow statement of organisation and discuss changes in recent years.12. Comparative analysis of cash flows...................................................................................4OTHER COMPREHENSIVE INCOME STATEMENT................................................................43. List each items of other comprehensive income statement................................................44. Provide understanding of each item in other comprehensive income statement................65. Why items of not recorded in income statement................................................................6ACCOUNTING FOR CORPORATE INCOME TAX....................................................................76. List firm's tax expense in financial statement....................................................................77. Is figure obtained is same like company tax rate times of organisation's accounting income78. Comment on deferred tax assets/liabilities in statement of financial position...................79. Provide current tax assets or income tax payable recorded by firm...................................710. Is income tax expense same as income tax paid in cash flow statement..........................811. Discussing views regarding what confusing, surprising or interesting about treatment oftax in financials of organisation.............................................................................................8CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................8
Corporate Accounting Solution Assignment_2

INTRODUCTIONFinancials are important part of company clarifying overall financial performance offirm. Present report deals with assessing financial statements ofGrain Corp Ltd for the period ofthree years. Organisation is engaged in receival and storage of food items and is performing goodin recent periods. Financials such as income statement, balance sheet, cash flow statement andother comprehensive income statement are evaluated for three years and interpretation is maderegarding its performance in effective manner. CASH FLOW STATEMENT1. List each items of cash flow statement of organisation and discuss changes in recent yearsThere are various financials of company that are helpful in determining whetherorganisation is performing well or not in the market. It contains vital piece of information whichis quite useful for external users and management to take effective decisions in the best possiblemanner. These financials are cash flow statement, income statement and balance sheethighlighting performance of organisation quite effectually (Doidge and et.al, 2018). Grain CorpLtd is taken as the business entity and financial statements are analysed. It is engaged in businessof agribusiness mainly receival and storage of food commodities and grains. Moreover, companyis listed on Australian Securities Exchange (ASX) and thus, cash flow statement is evaluated forpast three years below- Particulars201720162015Consumer receipts4824.14350.54315.5Suppliers and employeespayments-4505.3-4125.7-4006.9318.8224.8308.6Proceeds from bankborrowings (Stockfunding)42.2-49.1Received interest2.41.32.6Interest paid-41.9-38.4-42.61
Corporate Accounting Solution Assignment_3

Income taxes paid-21-32.2-6.6Net cash flow fromoperating activities300.5151.5271.1Making payment forProperty, Plant andEquipment (PPE)-199.7-268.2-223.6Payment for computersoftware-26.5-7.9-12.8Proceeds from selling offPPE34.84.46.2Proceedsfrominvestment sale orbusiness106.6Investment Payment-35.6-5.9-2.3Received dividend83.20.2Borrowings repaid byparties19.1Net cash outflow frominvesting activities-37.2-277.6-213.2Proceeds from loans941801.1679.8Loans Repayment-1080.7-696.6-561.8Paid dividends-42.3-22.9-28.6Non-controlling interest(NCI) in year1.5Treasury shares bought-4.1Net cash flow fromfinancing activities-184.681.689.42
Corporate Accounting Solution Assignment_4

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