Advanced Financial Accounting

Running head: ADVANCED FINANCIAL ACCOUNTING
Advanced financial accounting
Name of the student
Name of the university
Student ID
Author note

1ADVANCED FINANCIAL ACCOUNTING
Executive summary
The main objective of the report is to focus on financial performance and financial position of
a2 Milk Company Limited for the year ended 30th June 2018. The report will consider the
major accounts like sales, cash flows, equity and debts of the company. The report will
further focus on the auditor’s section highlighting the name of the auditors, type of
expression issued by them and summary of the auditor’s report. It will further analyse the
financial performance of the company through various ratios like profitability ratio, liquidity
ratio, leverage ratio and asset turnover ratio. Further, the report will provide conclusion based
on the financial performance of the company.

2ADVANCED FINANCIAL ACCOUNTING
Table of Contents
Introduction................................................................................................................................3
Answer 1....................................................................................................................................3
Answer 2....................................................................................................................................3
Answer 3....................................................................................................................................4
Answer 4....................................................................................................................................5
Answer 5....................................................................................................................................6
Answer 6....................................................................................................................................7
Answer 7....................................................................................................................................7
Answer 8....................................................................................................................................7
Conclusion..................................................................................................................................9
Reference..................................................................................................................................10

3ADVANCED FINANCIAL ACCOUNTING
Introduction
The report will analyse the financial statement of a2 Milk Company Limited for the
year ended 30th June 2018. It will find out the dominating sector of the annual report contents
and focus on various items like sales, cash flow, retained profit and borrowings. The report
will further focus on the auditor’s section highlighting the name of the auditors, type of
expression issued by them and summary of the auditor’s report. It will further analyse the
financial performance of the company through various ratios like profitability ratio, liquidity
ratio, leverage ratio and asset turnover ratio. (Thea2milkcompany.com 2018).
Answer 1
Brief discussion about the company-
a2 Milk Company Limited established in the year 2000 by Corran McLachlan and it
carries on its business in New Zealand, Australia, United Kingdom, United states and other
Asian countries. It offers the fresh milk under the brand name of the company and infant
formula under brand name a2 Platinum. It further offers skim milk powder, premium milk
powder with Manuka honey and premium platinum milk formula for pregnancy
(Thea2milkcompany.com 2018).
Answer 2
Dominated section of the report
Looking into the annual report of the company for the year ended 30th June 2018 it is
found from the contents page that financial part is the dominating section. It includes from
the page number 64 to page number 106. Under this section company provided details
regarding the director’s approval on financial statements, independent report from the