ACCT20077: Accounting For Management Decision Making - Accounting Assignment Help

Internal Code : AB_AH_CIEA_G

Accounting Assignment Help

Task: 1 Brad Shelton is a Software consultant with Software Solutions Ltd, an entity that sells software products to accounting firms and small businesses. At present, Mr Brad Shelton is analysing a number of software packages that focus on job costing. He needs to pick one package that he can recommend to his clients. Each software vendor is keen to have their software selected as it will result in a significant increase in sales for their company. Jennifer Jolie is a salesperson for software company Pitt Ltd. She has told Mr Brad Shelton that he should go to Los Angeles to analyse her company’s software package properly, because the programming experts there could give him a thorough demonstration. Ms Jennifer Jolie has also suggested that he take his family, so that he feels relaxed in a foreign country and is in the right frame of mind to undertake his analysis. She also suggests that Disneyland is worth visiting while Mr Brad Shelton is over there. Pitt Ltd would pick up the expenses for the trip.

1. Do you think Mr Brad Shelton should take the trip? Outline any ethical concerns involved.                           
2. Do you think the management of Software Solutions Ltd should allow Mr Brad Shelton to go on the trip? Justify your answer.                                                                     
3. Do you think that Software Solutions Ltd should have a code of conduct? What would be the advantages and disadvantages to Software Solutions Ltd of having a code of conduct?
4. Go to web site and find the consolidated income statement and consolidated balance sheet for Greencross Ltd (GXL) in the 2018 annual report.

Required: Answer the following questions. 1. What is meant by Greencross Ltd ‘consolidated’ Profit or loss (income) statement?       2. What is the total value of each of the following items at the end of the current reporting year for Greencross Ltd consolidated accounts?  For each item classify as an asset, expense, revenue, equity or liability. Provide reasons for your classification.  As at 30 June 2018 $000 i. Cash and cash equivalents ii. Marketing costs iii. Occupancy costs iv. Cost of sales of goods v. Provisions vi. Inventories vii. Property, plant and equipment 3. The key statistical data is provided at the bottom of the income statement. For each item, summarise the change occurring between 2017 and 2018 and what this means for Greencross Ltd.         4. What is the purpose of providing two years of comparative figures for the financial statements (i.e. 2017 and 2018)? How would this information be useful to one of Greencross Ltd’s shareholders?

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