FIN1FSA - Financial Statement Analysis - Performance - Industry Analysis - Finance Assessment Answer

Assessment Task:

Topic 1               FIN1FSA
An analysis of a firm’s key success factors and risks not only involves its industry analysis but also the strategic choices it makes in positioning itself in the industry. You are an analyst and one of your clients request you to prepare a report and make recommendation on the risks and profit potential of a non-financial firm listed on the ASX (Australian Securities Exchange). Using financial report of that company communicate your advice to the client based on client’s requirement.

Topic 2                FIN1FSA
The financial statements represent a window on the activities of the firm, and accounting analysis is concerned with determining the quality of information provided by such a view. As an analyst you are requested to perform an accounting analysis using financial statements of a non-financial firms listed on the ASX. To do so;

 1.explain the nature of the financial statements the company reports and analyse relevant accounting items in the financial statements that reflect the company’s business
activities and performance (hints: your analysis should specifically address company’s financial position, financial performance and cash flow position); and discuss and explain notes to the financial reports and the relevant GAAPs or accounting standards connected to that note.
 2. evaluate accounting strategy of the company (The following questions can be used to evaluate accounting strategy: How do the company’s accounting policies compare to the norms in the industry? Do managers face strong incentives to use accounting discretion to manage earnings? Has the company changed any of its policies or estimates? What is the justification? Have the company’s policies and estimates been realistic in the past? Does the organization structure any significant business transactions so that it can achieve certain accounting objectives?)  Organisations often use different formats and terminology to present their financial results. These differences in financial statement formats, classifications and  make it difficult to compare performance across organisations, and sometimes to compare performance for the same organisation over time. As an analyst in accounting analysis recast the financial statements of this company into a common format, which involves designing a template for the balance sheet, income statement and cash flow statement that can be used to standardise financial statements for any company (hints: please follow the template provided in Tables 4.1-4.4 of your textbook)

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