HC1010 - Accounting and Finance - Accounting for Business - Accounting for Business Decisions - Assignment Help

HC1010: Accounting for Business Accounting for Business Decisions Assignment Help

Assignment Task:

Purpose:
This assignment aims to reinforce and extend students’ knowledge and understanding of key topics in this course (HC1010) including Overview of Accounting, Organisational Structure & the Reporting Environment, Statement of Financial Position, Statement of Financial Performance, Cash Flow Statement, Financial
Statement Analysis, Accounting for Business Transactions, Cost Concepts & Behaviour, Preparation of Budgets, and Cost-Volume-Profit-Analysis through independent research and application of knowledge and skills.

Assignment details:
Your friend Tim is from Darwin and he wants to start a business of his own. He is thinking of buying a delicatessen in Sydney. The shop has been there for several years but has not been a great success. Tim does not have sufficient savings and he may have to borrow a large amount of money to finance the
purchase.
As you are an accounting student, you have been asked to advise the following:
a. What are the options of the forms of organization that Tim can adopt for the business? Analyze the advantages and disadvantages of each option for Tim.
b. Will the choice of organization affect the availability of finance for his business? Explain.
c. How can he raise the required finance? What security do you think he will need to provide?
d. How and what accounting information will assist Tim in making decisions in purchasing the business? What non-financial information should he be requesting?
e. What skills and/or accounting knowledge will he need to manage the business?

Please outline your responses to the above issues and provide your advice and recommendations to Tim in a report.
 

Marking criteria

Documented responses with explanations provided to each question. Use of appropriate and effective examples to accompany explanations.

Evidence of research and use of appropriate referencing in the assignment.

Written English Language competency. Coherent and logical explanations. Spelling, grammar, syntax, word choice, proofreading, and editing. Use of correct format. Following submission guidelines.
 

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