Accounting


ACCT20077: Practical and Written Assessment  Part B



Due date       :         Thursday of  Week 8 2018

Weighting     :       20%

Word Limit  :   2500 Words



Objectives

This assessment item relates to the course learning outcomes 1, 2, 3, and 4.

Details

The assignment must be completed as a group assignment for face to face students. Distance students have the option of doing it as a group or can also submit as an individual assignment, if you are unable to form a group online. Face to face students will be allocated into groups of 2-3 members by your respective Lecturer. Distance students can form groups themselves via the discussion forum on Moodle. There is no specific writing style required such as a report or an essay for answering the questions.

Before starting this assessment please read information provided in the Plagiarism and Academic Misconduct tab on Moodle.

Students are to exhibit knowledge of the subject matter by demonstrating:

Understanding and the ability to analyse and interpret the information provided from an accounting perspective

     Calculation of ratios, interpretation and analysis.

Demonstrating accuracy in presenting accounting information by providing a sequence of information, structure and continuity

Breadth of quality of research by using a minimum of 6-8 references, use of appropriate grammar and good language

Correctly using the APA referencing system to cite academic sources in-text and in the reference list


Assignment questions


You are required to examine the 2016 and 2017 annual reports of both Wesfarmers Ltd and Woolworths Ltd and present your answers to the following questions in the form of an executive summary which will cover quantitative performance elements in a logical cohesive format.


1.  Provide a brief introduction of each company including how they are positioned within the industry.


2.    Examine the information in relation to profit and loss statements, balance sheets and statement of cash flows retrieved from the Wesfarmers Ltd and Wool worths Ltd financial reports.


3.  Based on the different ratios that you studied under Chapter 6 in your textbook, calculate two ratios that are concerned with each of the following aspects:

a.     Profitability

b.    Efficiency

c.     Liquidity

d.    Gearing

e.     Investment

4.    What can you conclude from the ratios you have calculated.

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