Section 1You are Sarah’s friend. Sarah knows that you have studied Accounting Information Systems so she asks you to manage MK’s accounting during Sophie’s absence. Sarah give you a summary of transactions that need to be recorded in Table below (GST inclusive whereapplicable): DateTransactions1 AprilJames deposited$100,000 cash in the business bank account2AprilPurchased merchandise $13,708on creditfromReliable Distributor3AprilSold merchandise toKitchen Class $5,704 on creditPurchased office supplies for […]

Question: In the excel file “Find Your Company” you will find the listed company you have been given for this course. This file will be made available on Friday of Week 4. Complete this assignment for the company you have been given. Please be careful to use the listed company you have been given. Your assignment will not be marked if you use a different […]

Four friends – Moana, Avi, Chen and Robin have plans to start a business by combining their individual skills and resources, which will give them a better chance to be successful in their business endeavour.  They realise they will need increased funding for their business (Avi has plans to go global).    They have been advised to visit a Chartered Accountant for advice on how […]

Question: Please read the financial statements (balance sheet, income statement, statement of changes in owner’s equity, cash flow statement) very carefully. Also please read the relevant footnotes of your firm’s financial statements carefully and include information from these footnotes in your answer. Please remember some aspects of your firm’s treatment of its tax –can be a very complicated area, particularly for some firms. Within your […]

Assessment Task Part A Review the existing literature to critically examine the relative information content of the income statement and the statement of cash flows. Why do investors find both income statement and statement of cash flows useful?  Part B Download the annual financial reports of BHP Ltd, Santos Ltd, and Funtastic Ltd for the year 2019, 2018 and 2017. Examine the consolidated Cash Flow […]

Question: Adani Mine Case Study Case description The Indian conglomerate, the Adani Group, proposed to build an integrated coal mind, rail and port project in Queensland (hereinafter referred to as The Project). The company stated that it intends to ship the coal to India for the use of its power stations. The three main components of The Project are: The Charmichael Coal Mine: the mine […]

Question: Assignment Task You work for a prestigious investment bank, Goldman Sachs, which has been recently commissioned by Facebook, Inc. (Facebook hereafter) to investigate potential M&A opportunities. The lead partner has asked you to prepare a report with a detailed summary of your assessment and evaluation of potential takeover targets. Part A – Target Selection And Firm Valuation Facebook is seeking to grow through M&As. […]

Part 2: Investment Activities To better manage the stocks of the two companies you selected in Assignment 2/3 Preparation, Part 2, you will prepare a “top-down” fundamental analysis following the steps below. The top-down approach refers to analyzing the economy and the industries in which the two companies are involved, as well as the companies themselves. 1. Analyze current and recent economic conditions. Provide a […]

Question: Assessment Details After completing your accounting degree, you secured a graduate position at one of the top 4 accounting firms. You are part of the international strategy team that monitors the latest international developments. As your first task, you have been asked by your team leader to prepare a position paper on the new proposals found in IASB Exposure Draft 2019/17 General Presentation and Disclosures […]

Prepare a briefexplanation about the Auditor’s Opinion of the 2020 Consolidated Financial Statements.What does it communicate to the users of these statements and why is it important?b)Determine the amount of dividendsthat Empirepaidin 2020. On which financial statement (s) did you find this information?c)Review the 2020 consolidated statement of cash flows.What does it communicate to the financial statement users?d)Interpret the company’sconsolidated statement of cash flows by […]