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Corporate Accounting : Sample Assignment

   

Added on  2021-06-15

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Finance
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RUNNING HEAD: Corporate Accounting 1Name of the student-Topic- Corporate Accounting University name
Corporate Accounting : Sample Assignment_1

Corporate Accounting 2Table of ContentsAnswer to question-1.............................................................................................................................3Answer to question-2.............................................................................................................................5Answer to question no-3........................................................................................................................5Answer to question no-4........................................................................................................................7Answer to question no-5........................................................................................................................8Answer to question no-6........................................................................................................................9Answer to question no-7........................................................................................................................9References...........................................................................................................................................12.
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Corporate Accounting 3Introduction With the changes in International accounting disclosure, each and every company needs tochange their reporting frameworks with a view to establish the nexus between the domesticreporting framework and international reporting framework. In this report, JB Hi-FiCompany has been taken into consideration. Answer to question-1Analysis of the Cash flow statementThe cash flow statement of the company reflects the flow of cash in the particular year,irrespective of the fact whether it belongs to present year or not. There are several changes inthe cash flow statement activities (Brigham, and Ehrhardt, 2013).The non- cash items shown in the operating activities have increased to AUD $ 191 million in2017 which is AUD $ 34 million more as compared to last five year data. It shows thatCompany has increased the depreciation amount and increased the operating expenses andincome throughout the time. The cash outflow in the investing activities has increased to AUD $ 886 million which hadhappened due to the purchase of machineries and plants in 2017. The financial activities have also shown inflow of cash AUD $ 396 in 2017 which arise dueto the issues of common stocks to shareholders (Brigham, and Ehrhardt, 2013).The cash dividend paid has increased the cash outflow in 2017 by AUD $ 119 million whichshows that company has paid good amount of dividend in the present year.
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Corporate Accounting 4In the end, it could be inferred that that the free cash flow has changed by AUD $ 21 millionsince last five years. It shows that company has increased its overall cash inflow and outflowfrom all of its activities with the drastic rate since last five years. Answer to question-2Comparative analysis of the all three main flow of activities JB HI FI LTD (JBH) Statement of CASH FLOWFiscal year ends in June. AUD in millions except per share data.2017-062016-062015-062014-062013-06Net cash provided by operating activities19118518041156Net cash used for investing activities-886-52-44-38-38Net cash provided by (used for) financing activities716-131-130-28-91Free cash flow1421331375121This analysis shows that company has changed its free cash flow by AUD $ 21million since last five year. However, the main changes in cash outflow arise in the investingactivities and inflow of cash arises in the financial activities due to the issue of shares.Answer to question no-3There are several items have been recorded in the other comprehensive income statementsuch as total revenue, Gross profit, operating expenses, interest expenses and provision forthe income tax. JB HI FI LTD (JBH) Cash Flow Flag INCOME STATEMENTFiscal year ends in June. AUD in millions except per share data.2017-062016-062015-062014-062013-06Revenue56283954365234843308Cost of revenue43983089285427452610Gross profit1230865798739699Operating expensesSales, General and administrative14341006931884839Other operating expenses-472-361-334-336-318Total operating expenses963644597548521Operating income268221201191178
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