Comparison between JB HI-FI Limited and Harvey Norman

Compare btw JB HI-FI Limited and Harvey Norman 1
Compare btw JB HI-FI Limited and Harvey Norman

Compare btw JB HI-FI Limited and Harvey Norman 2
Executive Summary
The main concept in which the overall report is based is related to corporate accounting. The
corporate accounting helps in measuring recording the financial information so that the actual
results can be achieved and the growth of the organization in the external market can be
achieved. It also deals with the comparative analysis so as to determine the change which has
been occurred from the preceding year to the current year. The organizations have been selected
so that the practical picture of it can be provided such as JB HI-FI Limited and Harvey Norman.
These will enable the accountants to determine the accurate statements.

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Table of Contents
Executive Summary.........................................................................................................................2
Introduction......................................................................................................................................4
Owners Equity.................................................................................................................................5
Cash Flows Statement......................................................................................................................7
Other Comprehensive Income Statement........................................................................................9
Accounting for Corporate Income Tax..........................................................................................12
Conclusion.....................................................................................................................................18
References......................................................................................................................................19

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Introduction
Accounting has the important role in developing the organization by recording the information
related to the finances in proper and systematic manner. The report here has highlighted the
owner’s equity so that the amount of equity within the organization can be determined. With this
the comparison between the debt and equity so as to analyze which source is used by the
organization. The organizations used are JB HI-FI Limited and Harvey Norman. JB HI-FI
Limited is the organization which deals in video games, Blue Rays, DVDs, CDs and electronic
hardware and electric appliances. While Harvey Norman is an Australian based multinational
retailer of furniture, computers, consumer electric products and communication. The last part of
the report has explained about the tax expenses so that the actual taxes for both the organization
can easily be determined.