Financial statement analysis and report - 932 Words

ACFI 1001 Accounting for Decision Makers – Individual Project (15%) Financial Statement Analysis and Report Objectives Apply theory in practice Conduct analysis of financial statement – to look beyond the numbers Experience formal report writing. REQUIRED: Written report (a soft copy on blackboard via turnitin and printed copy to tutors is compulsory) 1. Obtain the most recent annual report for two companies in any of the industries on the Australian Stock Market (for example, mining, retail, manufacturing, construction, service, transport). The reports should contain at least three years of income statement data and two years of balance sheet data. Use one of the chosen companies as your ‘base company’ and the other†¦show more content†¦11.25 – 12.75 marks: The paper generally is well written but may have minor grammatical or other writing errors or lack smooth transitions. The report addresses the issues specified in the requirements, demonstrates understanding, and focuses mainly on important items, but does not fully synthesize the material being discussed, and/or does not integrate the annual report data with the narrative. 9.75 – 11.25 marks: The paper does not have excessive grammatical or other writing errors. The report addresses the issues specified in the requirements, but demonstrates only moderate understanding, and/or lacks integration. 7.5 – 9.75 marks: The paper does not have excessive grammatical or other writing errors. The report addresses the issues specified in the requirements but demonstrates only minimal understanding of one or more of the issues. 0 – 7.5 marks: The paper fails to meet the basic requirements, has excessive composition errors, and/or fails to demonstrate understanding of the requirements. Guide to understand and find annual report of companies: Most public companies have made their annual reports available at company websites. A company s annual reports are often located under the Investor Information section at the company website. You can use the Company Search http://www.asx.com.au/research/company-research.htm function to find the Internet addresses and other details of Australian companies listed onShow MoreRelatedImportance of Financial Statements1034 Words   |  5 PagesFinancial statements, also known as financial reports, record the financial activities of a business in short and long term. The four financial statements are: balance sheet, income statement, statement of retained earnings, and statement of cash flows. A balance sheet reports the assets, liabilities, and net equity on a company. An income statement reports income, expenses, and profits on a company. A statement of retained earnings shows a company s changed retained earnings. The statementRead MoreGeneral Purpose Governments vs. Special Purpose Governments1713 Words   |  7 Pagesprofit or profit equivalent. True False The needs of users of governmental financial reports are the same as those of users of business financial re ports. True False The Federal Accounting Standards Advisory Board (FASAB) recommends accounting principles and standards for the federal government and its agencies and departments. True False The FASB, GASB, and FASAB all focus their standards on both internal and external financial reporting. True False 2. 3. 4. 5. 6. 7. 8. InterperiodRead MoreThe Main Types Of Financial Statements1003 Words   |  5 PagesIntroduction The three main types of financial statements ¬Ã¢â‚¬â€balance sheets, income statements, and statements of cash flows—provide essential information about a firm when tracking a company’s performance. These financial statements are provided and distributed by firms in the form of an annual report. As noted by Ciuhureanu, Baltes, Gorski (2009), financial statements are essential to business management because â€Å"they are the fundamental information means of communication towards users† (p. 166)Read MoreComparative Analysis920 Words   |  4 PagesANALYSIS OF FINANCIAL STATEMENTS OF VARUIOUS YEARS WITH RESPECT TO SBI CONTENTS 1. INTRODUCTION 2. OBJECTIVE 3. SOURCES OF INFORMATION a) Primary Data b) Secondary Data 4. STATEMENT OF PROBLEM 5. SCOPE OF STUDY 6. LIMITATION OBJECTIVE : Based on the information furnished by the institution regarding their financial statements , the objectives of this study can clearly determined , the main objective of comparative analysis are as follows : * To determineRead MoreRatio and Financial Ratio Analyisis1712 Words   |  7 PagesRatio and Financial Statements Analysis Kimberly Y. Gruber University of Maryland University College Dr. Sunando Sengupta 07/25/2013 Turnitin Score: 23% Executive Summary The purpose of this paper is to examine ratio and financial statement analysis. Such analysis is a useful tool for managers and stakeholders to evaluate a company’s financial health in order to identify opportunities for growth and areas of weakness so as to institute corrective measures.   Financial statements are usedRead MoreGeneral Mills Inc. Understanding Financial Statements Essay1733 Words   |  7 Pagesstudy General Mills Inc. - Understanding Financial Statements focuses on the most basic idea of finance analysis. This case is a brief look into the language that is used in the finance world and a start to interaction with auditors. In this case, KPMG LLP, the public accounting firm that was auditing their statements, had sent two opinion letters. The first letter was ensuring that both parties were aware that General Mills had internal control over financial reporting. The second opinion letter statedRead MoreMichael Hill International Report Including Financial, S wot, Competitors and Industry Analysis1553 Words   |  7 PagesMichael Hill International Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis Phone: +44 20 8123 2220 Fax: +44 207 900 3970 office@marketpublishers.com https://marketpublishers.com Phone: +44 20 8123 2220 https://marketpublishers.com Michael Hill International Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis Date: Pages: Price: ID: May 1, 2016 76 US$ 499.00 M987B2B5E8ABEN MichaelRead MorePatton-Fuller Hospital Essay915 Words   |  4 PagesAre the financial ratios for the hospital improving? The Answer is: No There is a essential use and limitations of financial ratio analysis, One must keep in mind the following issues when using financial ratios: One of the most important reasons for using financial ratio analysis is comparability and for this, a reference point is required. Usually, financial ratios are compared to historical ratios of the business itself, competitor’s financial ratios or the overall ratios of the industryRead MoreAbercrombie Fitch vs. HM: Financial Analysis848 Words   |  3 PagesFor example, on the HM statement, profit for the year and retained earnings (presumably from prior years) are listed separately, even though they are both forms of retained earnings. The reserves and paid-in capital on the different statements appear to be roughly analogous. Of the two companies, only Abercrombie Fitch has treasury shares. It does not, however, disclose in the notes the reason that it reacquired these shares. 2. The Abercrombie Fitch income statement reveals that for the fiscalRead MoreFinancial Performance of an Organisation over a Five Year Period1587 Words   |  7 PagesCHAPTER 1 TOPIC CHOSEN AND ITS TERMS OF REFERENCE 1.1 THE BUSINESS AND FINANCIAL PERFORMANCE OF GUINNESS NIGERIA PLC FROM 2006-2008 The financial statement of any enterprise should provide sufficient information to enable individuals assess its profitability, viability and performance in order to enable them make informed economic decisions. Financial and business analysis is the process of identifying the strength and weaknesses of a firm, both financially and otherwise, by properly establishing