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Accounting Concepts: Impact on Account Balances

   

Added on  2019-11-20

13 Pages2912 Words248 Views
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Accounting Concepts: Impact on Account Balances_1

EXECUTIVE SUMMARYThe report has been prepared for JB Hi-Fi Limited by analyzing its annual report for the yearended on 30th June, 2017. Financial statements have been prepared by management by using theapplicable accounting standards and accounting policies. The main intent of the report is tounderstand the different financial parameters by analyzing the financial statements of thecompany which can affect the decision making power of the different stakeholders. The anothermajor objective for which the report has been prepared to analyze the impact of decrease andincrease on the account side, account balance and other accounts.2
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ContentsEXECUTIVE SUMMARY.................................................................................................................................2INTRODUCTION...........................................................................................................................................3VALUE IN CONSOLIDATED FIANANCIAL STATEMENTS.................................................................................5CASH (AND EQUIVALENTS)......................................................................................................................5INVENTORIES...........................................................................................................................................6SALES REVENUE.......................................................................................................................................6OTHER INCOME.......................................................................................................................................6PLANT & EQUIPMENT..............................................................................................................................6INTEREST EXPENSE (FINANCIAL COSTS)...................................................................................................7SALES AND MARKETING EXPENSES..........................................................................................................7OCCUPANCY EXPENSES............................................................................................................................7TRADE AND OTHER PAYABLES.................................................................................................................8BORROWINGS (NON-CURRENT)..............................................................................................................8NORMAL ACCOUNT BALANCES AND EFFECT ON DECREASE IN ACCOUNTS................................................8CASH (AND EQUIVALENTS)......................................................................................................................9INVENTORIES...........................................................................................................................................9SALES REVENUE.......................................................................................................................................9OTHER INCOME.......................................................................................................................................9PLANT & EQUIPMENT..............................................................................................................................9INTEREST EXPENSE (FINANCIAL COSTS)...................................................................................................9SALES AND MARKETING EXPENSES........................................................................................................10OCCUPANCY EXPENSES..........................................................................................................................10TRADE AND OTHER PAYABLES...............................................................................................................10BORROWINGS (NON-CURRENT)............................................................................................................10EFFECT ON OTHER ACCOUNTS ON INCRAESE IN BALANCES......................................................................10CASH (AND EQUIVALENTS)....................................................................................................................10INVENTORIES.........................................................................................................................................10SALES REVENUE.....................................................................................................................................11OTHER INCOME.....................................................................................................................................11PLANT & EQUIPMENT............................................................................................................................11INTEREST EXPENSE (FINANCIAL COSTS).................................................................................................113
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SALES AND MARKETING EXPENSES........................................................................................................11OCCUPANCY EXPENSES..........................................................................................................................11TRADE AND OTHER PAYABLES...............................................................................................................11BORROWINGS (NON-CURRENT)............................................................................................................12RECOMMENDATION & CONCLUSION........................................................................................................12REFRENCES................................................................................................................................................12INTRODUCTIONThe label of the report is Financial Investigation of JB Hi-Fi Limited. Financial Investigation ofthe company totally dependent on different financial parameters present in the company’sfinancial statement. The financial parameters are reflected by different account balances in theconsolidated Financial Statements of any company which has been derived and shown in theAnnual report by the management. The report has been prepared to assess the effect of theseaccount balances on the financial fitness of the company.The report has been prepared in different sections consisting of the aims of the report. The firstsection identifies the different values that have been shown in Consolidated Financial Statement4
Accounting Concepts: Impact on Account Balances_4

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