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

The trial balance before adjustment for sheffield company

The trial balance before adjustment for Sheffield Company shows the following balances.   Dr. Cr. Accounts Receivable $84,800 Allowance for Doubtful Accounts 2,420 Sales Revenue   $434,200 Using the data above, give the ...

1 what is the beta of a firm whose equity has an expected

1. What is the beta of a firm whose equity has an expected return of 21.30%, the risk-free rate is 7%, and the expected return on the stock market is 18%? 2. Two reasons for the agency problem in modern corporations is: ...

Last year cmc recorded a deferred tax asset related to

Last year, CMC recorded a deferred tax asset related to product warranties and a deferred tax asset related to accelerated depreciation. A 75% valuation allowance was also established. However, with an upcoming internati ...

The company uses a periodic inventory system for specific

The Company uses a periodic inventory system. For specific identification, ending inventory consists of 375 units, where 190 are from the January 30 purchase, 80 are from the January 20 purchase, and 105 are from beginni ...

Assignmentexercise 1 treatment of nsf checkthe bank

Assignment Exercise 1 Treatment Of NSF check The bank statement of Stone Supplies included a $300 NSF check that one of Stone's customer had written to pay for services that were provided by Stone. Required a. Show the e ...

Financial paperso the idea is to have the same lenght

Financial Paper So the idea is to have the same lenght, quality and structure. The only thing missing on this paper is a conclusion, that will have to be at least half a page. The company to be compare on the paper will ...

Part a -exercise 1 - california graphics is a us

Part A - Exercise 1 - California Graphics is a U.S. corporation with $200 million of U.S.-source income and $10 million of foreign-source income. In addition, California Graphics has three-quarters ownership of a Canadia ...

Colllege loans and repayment projecti think that the

COLLLEGE LOANS AND REPAYMENT PROJECT I think that the College Debt issue will be the defining issue impacting young people who go to college today just like the Great Depression/WII was the defining issue for my parent's ...

Task -task covers the application of conceptual and

Task - Task covers the application of conceptual and technical aspects of accounting and the preparation of business financial statements, the appraisal of the use of information technology including spreadsheet software ...

Finlon upholstery inc uses a job-order costing system to

Finlon Upholstery Inc. uses a job-order costing system to accumulate manufacturing costs. The company's work-in-process on December 31, 2001, consisted of one job (no. 2077), which was carried on the year-end balance she ...

  • 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