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Corporate Financial Accounting (doc)

   

Added on  2021-06-17

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RUNNING HEAD: Corporate Financial Accounting 1Name of the student-Topic- Corporate Financial Accounting University name

Corporate Financial Accounting 2Table of ContentsIntroduction...........................................................................................................................................3Answer to question-1.............................................................................................................................3Answer to question-2.............................................................................................................................4Comparative analysis of the all three main flow of activities............................................................4Answer to question no-3.......................................................................................................................4Answer to question no-4.......................................................................................................................5Answer to question no-5.......................................................................................................................5Answer to question no-6.......................................................................................................................5Answer to question no-7........................................................................................................................6Explain, why this is with reason.............................................................................................................6Answer to question no-8........................................................................................................................7Answer to question no-9........................................................................................................................9Why the income tax payment is not same with the income tax payable..........................................9Answer to question no-10......................................................................................................................9Answer to question no-11....................................................................................................................10Conclusion...........................................................................................................................................11References...........................................................................................................................................12.

Corporate Financial Accounting 3Introduction With the increasing complexity of the taxation rules and regulation, each and everyorganization needs to implement proper strategic program and effective taxation compliance.In this report, JB Hi-Fi Company has been taken to evaluate the cash flow statement; deferredtax implication and implemented strategic program have been taken into consideration. TheJB HI-FI Company is listed Company which has been running its business on internationallevel. Answer to question-1Analysis of the Cash flow StatementCash flow statement is the statement which records all the inflow and outflow of cash in theparticular year. There are several changes in the cash flow statement which have beenevaluated on the basis of changes in flow of cash in the particular year. The non-cash items which is shown in the operating activities of company is AUD $ 191million in 2017. It is AUD $ 34 million more as compared to last five year data. Companyhas increased is depreciation amount and also increased the operating expenses and income.The Cash outflow of company in the investing activities has increased to AUD $ 886 millionwhich occurred due to the investment in buying machineries and plan in 2017.In addition to this, financial activities of company have shown the inflow of cash aroundAUD $ 396 in 2017.The cash outflow form the dividend has also increased to AUD $ 119 million whichincreased the outflow of cash in the business.

Corporate Financial Accounting 4The free cash flow of the company has changed by AUD $ 21 million since last five yearswhich is 12% higher as compared to last five year data. JB HI-FI Company needs to controlits flow of cash if it wants to manage the flow of cash in its business (Robinson, Stomberg,and Towery, 2015).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 flow1421331375121Interpretation The free Cash flow statement of JB Hi-Fi Limited has gone down to AUD $ 121 million. Ithas observed that Company has increased the inflow of cash in its financial activities and atthe same time it has increased its outflow from the investing activities by 18% since last fiveyears. The cash flow changes in the JB Hi- Fi has shown good amount of flow which mightshows that company will grow effectively in long run. Answer to question no-3There are several items which have been recorded in the financial statement of t JB Hi-FiLimited such as Total sales, Operating and non-operating expenses, gross revenue, interestexpenses and provision for doubtful debts and taxes (Towery, 2017).JB HI FI LTD (JBH) Cash Flow Flag INCOME STATEMENTFiscal year ends in June. AUD in millions except per share data.2017-062016-062015-062014-062013-06

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