Accounting for Management - Problem Solving and Analysis - Accounting Assignment Help

Assignment Task :

Learning Objectives addressed in this assessment: 

CO1: Apply basic accounting principles and concepts in order to understand what accounting information is, what it means and how it is used;

CO2: Explain the significance of accounting information in the business environment;

CO3: Read and interpret financial reports and apply knowledge to critically analyse corporate financial and non-financial information. 

Assignment Context: You have recently joined Business Smart, a finance and business consultation firm. Your manager Mr. James Brown will be taking family leave. He has asked you to prepare a consultation report for an important client, Company A, before he returns on 24 April 2020. 

Company A is an energy company utilising national and global resources to provide a variety of energy solutions. It has recently announced the appointment of a new Chief Executive Officer (CEO). Before the arrival of the new CEO, Company A decides to conduct a comprehensive review of the company’s financial performance and risk in the past three years, and in particular, to better understand how its financial performance is benchmarked against other rivals with similar profiles in the Energy sector. Company A considers this review very important and timely in assisting the incoming CEO to set out new plans for its future performance development. 

I. Required: 

1. Select Company A and a benchmarking company for analysis. You need to choose two companies from the list of Selected ASX Listed Energy Companies provided as a separate file under Assignment on the course website. 

(1) The name of the company selected as Company A should begin with the same letter of the alphabet as your surname, e.g. if your surname is Alpha, you can use Abilene Oil and Gas Limited or ADX Energy Ltd. 

(2) The name of the company selected as the benchmarking company should begin with the same letter of the alphabet as your first name, e.g. if your first name is Beta, you can use Bass Oil Limited or Blue Energy Limited. 

2. Go to the company information database DatAnalysis Premium via the UniSA Library website. Under Company Reports, search for the companies you have selected according to their ASX Codes or part of the companies’ names. Go to Financial Data to review these companies’ financial statements for the financial years from 2017 to 2019 (if 2019 data are not available, use data from 2016 to 2018). 

3. Based on available data, calculate the appropriate financial ratios of Company A and the benchmarking company selected. Then analyse and compare the financial results of these two companies. Your comparative analysis and presentation should cover the following points: 

1) Which company is more profitable and generates healthier returns? 2) How well are the two companies managing their resources? Do you think Company A 

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