logo

(Solution) Corporate Accounting Assignment

   

Added on  2021-05-31

16 Pages2218 Words33 Views
Finance
 | 
 | 
 | 
Running head: CORPORATE ACCOUNTINGCorporate AccountingUniversity NameStudent NameAuthors’ Note
(Solution) Corporate Accounting Assignment_1

2CORPORATE ACCOUNTINGTable of ContentsAnswer to Question i)................................................................................................................3Answer to Question ii)...............................................................................................................3Answer to Question iii)..............................................................................................................5Answer to Question iv)..............................................................................................................6Answer to Question v)...............................................................................................................6Answer to Question vi)..............................................................................................................6Answer to Question vii).............................................................................................................7Answer to Question viii)............................................................................................................7Answer to Question ix)..............................................................................................................8Answer to Question x)...............................................................................................................8Answer to Question xi)..............................................................................................................9References................................................................................................................................10Appendix..................................................................................................................................11
(Solution) Corporate Accounting Assignment_2

3CORPORATE ACCOUNTINGThe current study intends to carry out detailed analysis of yearly reports with specialreference to the operations of the firm Qantas Airways. Answer to Question i)List of each item reported in the assertion of cash streamThe assertion on the stream of cash of the selected firm Qantas Airways consists oftraditionally three different segments such as operating activities, investing activities alongwith financing activities. The exhaustive list of items takes in changes in the company’searnings, varied liabilities, and various inventories together with alterations in diverseoperational acts. Different items that are included under cash utilized for investing activitiestakes account of investment for corporation’s plant, property along with equipment (PPE)along with intangibles, income earned from sales of PPE of the firm, income generated fromclearance as well as sales of business as well as associates, overall investment carried out inmainly different associates and different joint deal of the business concern. In addition to this,different items that are included under the caption of investing acts contain cash used for thepurpose of acquirement of various associates, redemption/investment in distinctively loannotes (Watson 2015).Answer to Question ii)Analysis of stream of cash of the firm Qantas Airways divulges the fact that the cashgenerated out of the operational acts of the corporation takes account of AUD 2704 m in thefinancial year (2017). On the other hand, the same was registered to be AUD 2819 m in thefinancial year (2016). As a result, it can necessarily be stated that inflow of cash stream fromoperational activities increased to approximately AUD 2819 m in the financial year 2016
(Solution) Corporate Accounting Assignment_3

4CORPORATE ACCOUNTINGfrom the point of AUD 2014 m documented in the year 2015. A downward movementtherefore can be observed in the inflow of cash from operational acts in the year 2017. This ison account of augmented receipts of the business concern from their customers, enhancementin interests that are accepted by the corporation and decrease in overall costs borne for thepurpose of borrowing and steady reduction in overall disbursements for income tax. Analysis of cash flow from investing activities of the firm Qantas Airways reveals the factthat the there is outward stream of cash throughout the specified three year period. However,the outward stream of cash is observed to have increased during the three year period from -$944 m in 2015 to -$1923 m in 2016 to -2046 m in 2017. This movement in the stream ofcash reveals enhanced outlay of the firm towards plant, property along with equipment,shrinkage in outward movement or else stream of cash for firm’s requirement to acquiresubsidiaries. Also, there is also higher inward stream of cash that is generated out of theearnings stemming from sale of business units’ PPE and increased income from sale ofmajority of businesses together with business associates (Watson 2015). Critical analysis of the flow of cash from financial acts is said to have enhanced during theyear 2016 in comparison to figure that is primarily recognized in the year 2015. Cash flowfrom financing acts increased from -$1218 m in 2015 to -$1825 m in 2016. However, thesame is said to have thereafter further declined in the year 2017 to approximately -$854 m in2017. Fundamentally, this is chiefly because of enhancement in payments of interests and atthe same time capitalised especially on diverse assets and particularly due to shrink in overallproceeds acquired by the firm from sales of the firm (Kravet 2014). Nevertheless, finally,numeral documented in the financial statement of firm represents decline in cash and cashequivalents inflow during the closing of the financial year. Fundamentally, shrink in thefigure for cash and cash equivalents presents decrease in inward flow of cash for thecompany.
(Solution) Corporate Accounting Assignment_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Corporate Accounting University Name Student Name Authors Note
|15
|2691
|480

Corporate Accounting Assignment (Solution)
|19
|2772
|18

The Company Selected for Evaluation of twelfth Corporate Accounting Company
|15
|2617
|169

Corporate Accounting : Sample Assignment
|13
|2374
|18

Corporate Accounting: Cash Flow Statement, Other Comprehensive Income Statement, and Accounting for Corporate Income Tax
|9
|1877
|123

Corporate Accounting: Analysis of Cash Flow Statement, Tax Implications, and Deferred Tax Liabilities
|15
|2938
|311