Question: Lee and Ali are two Holmesglen students who never seem to have enough spare cash. Lee is from China and has an Uncle who owns a wholesale Arts and Crafts Emporium. Ali is a great salesman, has a car, and a large lock up garage. The two friends decide to import unusual gifts from Lee’s Uncle and sell them to various florists and small […]

Assignment Investment Alternatives and Capital Budgeting The expected cash flows of three investment projects — Project Alpha, Beta, Charlie and Delta — for the next ten years are provided in the table below; year 0 as an initial period and year 1 to year 10.  As a professional accountant of Sage Accounting Ltd., you are required to provide critical advice to your client on the […]

Task: Question : Research and write a paper from a topic we have discussed this term. The paper should follow APA formatting and be ten pages. These are the list of the topics: Week 1: Accounting for Investment & Consolidation of Financial InformationWeek 2: Consolidations and financial statementsWeek 3: Intra-Entity reporting issuesWeek 4: Ownership patterns, Income Taxes, and Segment and Interim ReportingWeek 5: Foreign CurrencyWeek […]

Assignment You are a financial analyst. A person with minimum or no financial knowledge approaches you to get some help regarding his/her investment plan. He selects two firms and wants to know which firm he should invest in. As a financial analyst your responsibility is to advise the person as to which firm s/he should invest. How to proceed: (1)Download financial statements/data of two firms/companies […]

Question: Access the annual reports for your allocated company for the years 2013, 2015 & 2017. These reports are usually available on the company’s website under “Investors”. Alternatively, if you cannot locate each of the years, you should be able to access them at asx.com.au. The annual reports will provide you with six years of financial statements for 2012, 2013, 2014, 2015, 2016 & 2017. […]

Question: Choice of Topic You can choose any topic in the area of accountancy, accounting and financial management. You should look for a specific issue or problem to investigate, rather than a general topic. Current news stories, ideas from your classes or work experience are all good sources of ideas for projects. As a general rule, a good topic or research question is one to […]

 Using the balance sheet and information provided, complete following tasks:i.Given that the Accounts Department has forecast an increase in rates, analyse the extent to which our bank is exposed to interest rate risk/s, if any.ii.In this case, using your understanding about the interest rate risk as discussed during the semester, you are required to measure interest rate risk using the duration model. To complete this […]

Part A: Multiple-Choice (1 mark each for a .total of 20 marks) For each question, choose the correct answer by circling only one of the letters a, b, c, or d.   1. The Star Wars Industries has the following account balances: Retained earnings $75,000 Revenue $365,000 Operating Expenses $297,000 Interest Expense $17,500 On the corporate income statement what will be the amount reported as “profit” given […]

PRELIMINARY STATEMENT Penn West Petroleum Ltd. (now Obsidian Energy) was one of the largest oil producers in Canada but historically struggled to keep its operating costs—a key financial metric that the investing public looks to when evaluating the financial health of an oil and gas company—under control. As a result, in 2012, 2013, and the first quarter of 2014 (the “Relevant Period”), Defendants executed a […]

Question (a) An extract from the Statement of Financial Position of Star Ltd as at 31st December 2018 showed the following non-current assets: Cost Depreciation WDV Buildings 234,200 35,130 199,070 Plant 136,500 30,450 106,050 Vehicles 37,800 15,820 21,980 Buildings are depreciated at 5% per annum on cost. Plant is depreciated on a straight-line basis assuming a useful life of 10 years and has an estimated […]