ACC100: Analysis and Interpretation of Financial Statements - Report Writing - Accounting Assignment Help

Assignment Task:

Task rationale and description: This assessment is set on practical exercises to assess students’ ability to apply theoretical learning concerned with use of accounting information and its analyses and interpretation using ‘real-world’ situation. The pivotal purpose of this task to achieve learning outcomes as has been set out in the unit outline of ACC100. 

Assessment Details and Requirements: 
This assignment consists of two parts: Part A and Part B. Part A involves written assignment and Part B involves written report and group oral presentation on selected topics from the financial analyses of an ASX listed company’s performance. 

Task Description:

Students’ are, firstly, required to manually record and post business transactions to accounts and prepare financial statements of the following hypothetical company called <Group Name> Limited. Based on the information provided (see over the pages for the question), you are required to complete journal entries, ledger accounts, trial balance, statements of profit or loss and financial position (Balance Sheet). Secondly, students are to collect financial statements information of a company listed in Australian Stock Exchange (ASX). A company will be assigned to you by your lecturer. 
ACC100 – Group Assignment – T12020 2 | Page 
You are supposed to carry out analyses and interpretations of the assigned company. In particular, you need to calculate relevant ratios based on the financial statements provided in the annual report in the context of the assigned company’s profitability, liquidity, efficiency, solvency, gearing and investment performance (related lecture topic Week 6 - Analysis and interpretation of financial statements). Each group only needs to carry out two selected areas out of these five areas. 
What needs to be carried out to do these ratio analyses: 
• Down load the annual report 2016 of the assigned company 
• Do not print all the annual report – it is too long. Just read the relevant sections and print, if required. 
In this section, you need to interpret the company’s performance on the selected two areas from the above five areas. The structure of this section should include company background, analyses on two selected areas, conclusions and findings, and recommendations. Please note that all the sources used in the body of the written assignment must be acknowledged and properly referenced. Please go through the subject outline for all other requirements on the submission of this assignment. 
Assessment due date: Part A – Group assignment Part 1: Reports generated using XERO by Friday, 8 May 2020. (13%) Part B – Group assignment Part 2: Analytical Report by Friday, 22 May 2020 (12%) 
Part A: You have received an invitation from your lecturer to register in XERO. After the completion of the registration complete the following tasks. 
• Task 1: Change the organisation details in “Organisation settings” o Display name : <Group Name> Limited. o Legal/Trading name : <Group Name> Limited. o Organisation type : Company 
• Task 2: Make the following changes in the chart of accounts: o Add a new current assets account #601 and name it “ANZ Bank - <Group Name>” o Change the name of the account #970 to “Capital”. o Change the name of the account #473 to “Electricity”.  
• Task 3: The following are the extract of <Group Name> Limited on 31 December 2019. Enter these account balances in XERO and take a print out of the balance sheet. [Hints: Conversion month: December 2019.] 
Trial Balance 31 December 2019 Code Name DR CR 
601 ANZ Bank * 620 Prepayments 7,700.00 710 Computer 7,500.00 711 Less Accumulated Depreciation on Computer 1,250.00 720 Motor Vehicle 20,000.00 721 Less Accumulated Depreciation on Motor Vehicle 6,000.00 970 Capital ? * Total of the last 5 digits of the group members student ID. 
Task 3: Enter the following transaction in XERO. These transactions took place during the month of January 2020: (All sales & purchases amounts are tax inclusive, so make sure you do it accordingly in XERO) 
 

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