Accounting System and Process - Finance Homework Solution
VerifiedAdded on 2020/02/18
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Homework Assignment
AI Summary
This document presents a comprehensive solution to an accounting system and process assignment. It starts with explanations of spreadsheet applications, including the use of named ranges and negative number representation, and then moves on to the segregation of data and report areas within spreadsheets. The assignment includes examples of IF functions within Excel, and a discussion on periodic inventory systems. The solution further covers the preparation of adjusted spreadsheets, income statements, and balance sheets, alongside an analysis of the advantages of using spreadsheets for accounting. It also includes an inventory analysis, bank reconciliation, and journal entries for accounts receivable and bad debts. The document evaluates financial position through receivables, provides journal entries for a given scenario, and analyzes the business operations of Wesfarmers, including its financial statements, dividends, return on equity, earnings per share, risk mitigation strategies, and sustainability. Finally, it offers investment advice based on Wesfarmers' financial performance and working capital ratio.
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