Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

The basic requirement is to undertake general financial analysis comparing Myer Holdings Ltd (Myer) (ASX Code MYR) financial position and performance in Financial Years 2012 and 2011 compared to that of David Jones (ASX Code DJS) over the same period.
(Note: use the ‘Consolidated’ data in conducting their analysis.) The analysis must consider each of: profitability, asset efficiency, liquidity, capital structure, and market performance. Analysis and interpretation.

Note that for those 2011 ratios that involve Balance Sheet figures students would require the 2011 annual statements (in addition to the 2012 report) to provide 2011 beginning-of-year balance sheet figures.

The assignment would contain two main elements:

Schedule(s) of relevant ratios and other useful calculations

The detailed calculation of appropriate ratios and other useful calculations must be included as one or more appendices prepared using Excel or a similar spreadsheet. You are advised to show formulae used in determining particular ratios and other figures. Data items (for ex ‘Sales Revenue’ or ‘Total Assets’) must be entered in a single cell in a specially designated ‘data area’ in the spreadsheet, with any calculation referencing the relevant data cell.

A written report

The written report must:

Describe briefly what is revealed by ratios and other calculations in context of the company’s profitability, asset efficiency, liquidity, capital structure, and market performance. In particular, any significant changes over period 2011 to 2012 must be identified, discussed and, where possible, describeed.

Give an overall assessment of whether company’s performance over the 2012 financial year have been better than 2011, and which company has improved its performance to a greater extent over this period. The judgement must be made from perspective of existing equity investors (shareholders).

Other guidelines

The assignment is to comply Presentation of Academic Work (revised edition 2011) and the written report is not to exceed 3,000 words. You are encouraged to seek and use extra public information about company from sources other than annual report (for ex, from the internet, newspapers, and business magazines). Though, it is not envisaged that would be engaged in extensive research of this nature and it is expected that annual report would be primary resource relied upon in completing the assignment.

You are asked not to try and make direct personal contact with either company (for ex by telephone, fax, letter or email) in an attempt to gather further information.

Do not reproduce company promotional material from the annual report or company website and represent it as critical analysis. It is not!
Students are expected to obtain relevant share price data for the company so that investment ratios (such as a price earnings ratio) can be find outd. (It is recommended that students obtain the company’s share price as at the 2012 and 2011 balance dates for the purpose of calculating relevant ratios on these dates.

Share price data is available from a variety of sources including the internet.

You may find it useful to consult accounting references, in addition to the prescribed text, which deal with the analysis and interpretation of company financial reports.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92717
  • Price:- $70

Priced at Now at $70, Verified Solution

Have any Question? 


Related Questions in Accounting Basics

Careers in accountingaccounting is the study of how

Careers in Accounting Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities in addition to preparing financial statements and recording busi ...

Why does it matter whether social security is considered a

Why does it matter whether Social Security is considered a pension plan or an entitlement program? How does the FASAB direct that Social Security be reported? What unique issues does the federal government face in calcul ...

Assignment- review of accounting ethics papermany

Assignment- Review of Accounting Ethics Paper Many organizations have been in the news over the past few years due to accounting ethical breaches that have affected their customers, employees, or the general public. Sear ...

Assignment identification of fiduciary fundsfollowing is a

Assignment: Identification of Fiduciary Funds Following is a list of fund names and descriptions from the comprehensive annual financial reports (CAFRs). Required: Indicate which of the following are fiduciary funds. If ...

Problemin an annual audit on december 31 2016 novelty

Problem In an annual audit on December 31, 2016, Novelty company provided the following transactions: 1. Merchandise was received on January 8, 2017, and related purchase invoice recorded on January 5, 2017. The invoice ...

Forwards and options respond to each of the following

Forwards and Options Respond to each of the following questions (notice that there are main questions and sub-questions below some of the main questions - don't miss any!) 1. Suppose you enter into a long 6-month forward ...

1 which of the following statements about equity is

1. Which of the following statements about equity is correct? A. If equity is negative, debt exceeds total assets B. If equity is negative, total assets exceed debt C. If equity is negative, equity exceeds assets D. If e ...

What are the effects on equitiesfinancial statement effect

What are the effects on equities? Financial Statement Effect of Equity Securities Presented below is a situation involving equity securities: An equity security, whose fair value is currently less than cost, is classifie ...

Capital budgeting analyzing project cash flows alexandria

Capital Budgeting: Analyzing Project Cash Flows (Alexandria Chemical Products Company) In early 1980s Alexandria Chemical Products started as a small firm between two friends to produce detergent products. By the end of ...

Tf question1under the modified accrual basis of accounting

T/F QUESTION 1 Under the modified accrual basis of accounting, there is no matching principle and no attempt to amortize costs that benefit multiple periods. 2 In fund accounting, expenditures may be classified in differ ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro