Accounting Assessment Answer

PART A

Submission Requirements Part A: You must upload the following reports in pdf format via Turnitin through Assessment 1: Accounting for Decision Making Assignment/Assignment Submission Area on the BSB110 Blackboard site by 11.59pm on 9^th May 2019.

The reports required from Reckon Software:

1. Adjusted Trial Balance: 31 March to 31 March 2019 (Reports ? Accountant)

2. Audit Trail Report: (Reports ? Accountant ? Audit Trail).

The date range must be from 18/03/2019 to current date (date you are printing).

• • In those cases where the Audit Trail Report is not submitted in the appropriate format (including your student number and name printed on the report) investigations into plagiarism may be commenced.

  • If no Audit Trail Report is provided, the assignment will not be marked.

  • Please make sure that your Reckon User Name (student number and surname/family name eg 9876543Smith) are included in the Audit Trail Report generated by Reckon (they may not be handwritten on afterward).

This assessment item assesses the following learning outcomes:

Knowledge and Technological Skills (KS)

1.1 Demonstrate and apply theoretical and technical knowledge across the broad field of business.

1.2 Apply technical and technological skills appropriate and effective for real-world business purposes and contexts.

PART B

Submission Requirements Part B:

You must upload your Excel worksheet (must be a .xls or .xlsx (Excel type) file not a .pdf file) via Turnitin through Assessment 1: Accounting for Decision Making Assignment/Assignment Submission Area on the BSB110 Blackboard site by 11.59pm on 8^th May 2019.

Background

In this assignment the data source is the Annual Report (including the Audited Financial Statements) of Australian publicly listed company Premier Investments. Premier Investments is an international retailer which operates a number of specialty fashion chains within the retail markets in Australia, New Zealand, Asia and Europe. The Group also has significant investments in listed securities and money market deposits.

Premier Investments is a for profit company, incorporated in Australia. Their shares are publicly traded on the Australian Securities Exchange. Premier Investments uses International Financial Reporting Standards (IFRS) to prepare their financial statements, with all items included in the financial statements measured using the currency of the primary economic environment in which the entity operates, being Australian Dollars.

1. Select extracted Financial Information for Premier Investments in an Excel file.

Please use only the financial information as provided in the Excel file. There is no need to find or refer to other information in the Financial Statements.

Required:

1. In the Excel file that has been provided to you, with the select extracted financial information for Premier Investments, use appropriate Excel formulas to calculate ratios that provide information about the following:

   1. Two (2) ratios in relation to the liquidity of the company for the 2018 year.

1. 2. Two (2) ratios in relation to the solvency of the company for the 2018 year

1. 3. Two (2) ratios in relation to the profitability of the company for the 2018 year.

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