Corporate Accounting Assignment

Added on - 26 Nov 2019

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CORPORATE ACCOUNTING1CORPORATEACCOUNTING
CORPORATE ACCOUNTING2ContentsPart I:..........................................................................................................................................3Part 1:......................................................................................................................................3Part 2:......................................................................................................................................3Part 3:......................................................................................................................................3Part 4:......................................................................................................................................4Part II:.........................................................................................................................................4References..................................................................................................................................7
CORPORATE ACCOUNTING3Part I:Part 1:The company has reported a loss for the year 2016 since the company went under a newleadership. For the purposes of steaming in the cash flow, the company has gone into newstructuring and reorganization plans. It sought to reduce in the operating losses and also focuson the business as being of core competence.The company has been undergoing an intense battle of the trading environment in one of itskey trading markets. This is mainly taken place in Britain in which the business has been hit.In Britain, its business of Surfdome has been hit with an intense amount of margin and salesdue to pressure on sales. The business has been in a turmoil due to the unexpected exit of co-founder and Chief Justin Cameron due to weigh up of the privatisation bid (SMH, 2017).Part 2:The following table shows the relevant changes:(Amounts in thousands in dollars)Particulars20162015Changechange in%Goodwill6,609.0036,001.00-29,392.00-0.81642177Investment insubsidiary26,128.0058,633.00-32,505.00-0.55438064Cash position-18,569.0039,741.00-58,310.00-1.46725045
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