Financial Accounting Contents Part 1: Accounting Contents for a Company Woolworths Group
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Kent Institute Australia Pty. Ltd
FIAC214 Financial Accounting (FIAC214)
Added on 2019-11-12
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Financial Accounting Contents Part 1 3 Part 2 3 Part 3 3 Part 4 5 Part 5 6 Part 6 7 Part 7 8 Part 8 9 Profitability ratios 9 Liquidity ratios 10 Asset turnover ratio 12 Leverage ratios 13 Bibliography 14 Part 1 The current assignment relates to a company Woolworths group which is currently working out its business operation in the geographical region of Australia and New Zealand. The report also consists of the auditor’s opinion in the form of the company’s annual report which is presented on the basis of
Financial Accounting Contents Part 1: Accounting Contents for a Company Woolworths Group
Part 1 The current assignment relates to a company Woolworths group which is currently working outits business operation in the geographical region of Australia and New Zealand. The companywas founded way back on 22nd September 1924. The current headquarter location of thecompany is situated in the Bella Vista, New South Wales,Australia. The Woolworths group iscurrently trading out in the market of retail industry, along with that it has diversified its businessoperation in the market segment of petroleum, liquor through its supermarkets and retail chains.As far as history of the group is concerned the company started its working in the name of"Wallworths Bazaar". Over the period of time with the innovative ideas of the key managementof the group the company has flourished and expanded its business operations. The companyduring the period has made certain acquisitions and mergers that supported the group operationsto expand to its current height[ CITATION woo17 \l 9225 ]. Currently the company is holding thesecond largest positioning in the geographical region of Australia while taking revenue intoconsideration. For the current assignment purpose analyst has taken the financial year 2016-17 intoconsideration for making financial research and analysis. Part 2While analysing the content page of the report it has been observed that the analyst has focusedon the financial statement analysis part. The researcher has considered the opinion of the auditorand the summary of the director report as a part of the current study and analysis. While utilisingthe ratio analysis and other summary part of the report the financial health of the company isdetermined. Part 3Directors are the individuals or the group of individual who works out as a management body inassisting the group operation of the company. They are the key employees of the company whoworks on the behalf of key management of the group. In the present part of the assignmentreport analyst has taken out a brief summary on the director report extracted from the annual
report prepared by the company. As per the data based out upon the annual report of thecompany the researcher discussed out the key directors associated with the company. Some ofthem are displayed as follows- Image 1 – Director Body of Woolworths group companyReference – [ CITATION woo17 \l 9225 ]No.Name of directorEducationalQualificationPositioning in thecompany 1.Gordon CairnsMA (HONS)Chairman2.Brad BanducciMBA,LLB,BCOMM (ACC)Managing director andchief executive officer3.Jillian BroadbentBA (MATHS &Independent
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