ACC 566: Financial Analysis - Accounting Processes and Systems

This assignment solution for ACC 566, Financial Analysis, covers a wide range of accounting topics. It begins with an exploration of spreadsheet functionalities, including cell naming, handling negative numbers, and organizing data. The assignment delves into IF functions, perpetual versus periodic inventory systems, and the advantages and disadvantages of using spreadsheets in accounting. It includes examples of inventory ledgers, bank reconciliation statements, and journal entries. The solution also addresses bad debt estimation methods, computer applications in retail, and the dishonor of a note receivable. The assignment concludes with an analysis of Wesfarmers Ltd's financial performance, focusing on sustainability, earnings per share, and return on equity, providing a comprehensive overview of financial analysis concepts and their practical applications.