Financial Analysis of Major Banks under Corporate Accounting Standards
VerifiedAdded on  2023/06/03
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This report provides a financial analysis of four major Australian banks (Common Wealth Bank of Australia, National Australian Bank, Westpac Bank, and Australia and New Zealand Bank) based on corporate accounting standards. The analysis focuses on key components of owner's equity, including share capital, reserves, and retained earnings, over a four-year period (2014-2017). It examines the debt-to-equity positions of each bank, revealing their financial leverage and cost of capital. The report highlights the increasing equity capital of each bank, analyzes the implications of high equity versus debt funding, and compares the debt portions in the capital structure of each bank. The findings indicate varying levels of financial leverage among the banks, with some carrying higher debt portions, potentially impacting their sustainability and ability to cover interest payments. The document is a student contribution available on Desklib, a platform offering study tools and solved assignments.
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