BIBM500 - Introduction to Accounting - Briscoe Group - Gross Dividend Yield - Accounting Essay Writing Assignment Help

BIBM500 Introduction to Accounting Briscoe Group Gross Dividend Yield Accounting Essay Writing Assignment Help

Assignment Task:

PURPOSE

Business education literature and the accounting profession strongly advocates that students are involved in the gaining of both technical knowledge and generic skills. This assignment aims to foster that requirement by providing students the opportunity to engage with the following activities

• Research and problem solving around a technical issue

• Written communication

• Literature review with referencing

The assignment also provides the opportunity for soft skill development. It is important you are aware that employers also seek graduates with “soft skills”. These are the personal traits and interpersonal skills required in sound relationships with other people. Examples include

• Initiative, creativity and enterprise

• Conscientiousness, personal drive and motivation. (Ensuring the meeting of deadlines)

• Dedication

• An ability to deal with complexity, uncertainty and pressure

Many of the skills required here, scaffold as skills required of the Industry Project (the work integrated learning module required of students completing the Bachelor of Applied Management)

Questions

Question 1:  With reference to the accounting theory, explain to whom the annual report is prepared for. Provide specific referenced information here (give paragraph number) from the Conceptual Framework for Financial Reporting (New Zealand Framework) on why financial statements are prepared.

Question 2: Describe the accounting policies the Briscoe Group has chosen to account for current assets “Trade and other Receivables”. Reference your source (paragraph and page in the annual report).

Question 3:

a) Present the accounting equation in dollar totals ($ Assets = $ Liabilities + $ Equity) using dollar figures for the Briscoe Group for 27 January 2019.

b) Explain why the accounting equation always holds true.

Question 4:

a) Research and identify the international accounting standard (IAS or IFRS) for inventories and explain (give a simple example) the measurement rule that applies in this standard.

b) Has the Briscoe Group used this measurement rule? (Reference required to the paragraph in the report.)

Question 5:  What is meant by the accounting concept of depreciation?

Question 6:  What is amortisation? Has the Briscoe Group applied the concept of amortisation within the financial statements? Provide details and reference your source (paragraph and page in the annual report).

Question 7:

a) What is the total value of property plant and equipment for the Briscoe Group (Carrying amount) on 27 January 2019?

b) What method of depreciation is used for property plant and equipment?

c) Why will the group have chosen this particular method of depreciation?

Question 8:

a) According to accounting theory (standards), what is meant by the term contingent liability?

b) Does the Briscoe Group have any contingent liabilities (contingencies)? Provide reference details (paragraph and page in the annual report).

Question 9: Details of all expenses are not listed in the Consolidated Income Statement (Statement of Comprehensive Income). Explain why this is and where other information can be found on expenses.

Question 10:  Does the Briscoe Group have an overall positive or negative cash flow for the period ended 27 January 2019? Explain your answer using the totals of the three main cash flow activities.

Question 11 Mini Analysis Report.

You are required to formally report to Robert, on the following issues within the Briscoe Group. Set this up as a formal report. See the Moodle site “Important course information” for guidance on this report. 

The issues to report upon:

o Sales revenue changes between 2018 and 2019. Identify this change and explain why revenues may have changed. You will need to refer to “Board and CEO’s Report” found at the front of the annual report document.

o The debt ratio as at 2018 and 2019. Calculate the debt ratio for both years (if any). Indicate what the ratio measures and comment on your results. 

o Using the NZX (New Zealand Stock Exchange) website or the NZ Herald, find the Gross Dividend Yield for the Briscoe Group on Friday 27th or Saturday 28th September; at close on the NZX. Explain what the gross dividend yield is and relate this to the situation for the Briscoe Group.

o Referring to the Consolidated Income Statement in the annual report. Calculate the gross profit % for both 2018 and 2019. Briefly interpret the gross profit % information for the Briscoe Group