Investing, Operating & Financing Activities, Cash Flow & Reconciliation Profit Before Tax - Accounting Assignment Help

Assignment Task

Investing, Operating & Financing Activities

1 - RECONCILIATION OF PROFIT BEFORE TAX TO CASH GENERATED FROM OPERATIONS BEFORE PARTNERSHIP BONUS 
PURPOSE 
We have analyzed how our profit before tax reconciles to the cash generated from our operating activities before Partnership Bonus. Items added back to or deducted from, profit before tax are non-cash items that are adjusted to arrive at the cash generated from operations before Partnership Bonus which is shown in the consolidated statement of cash flows 

1 - SHORT-TERM INVESTMENTS 
PURPOSE 
Our short-term investments represent amounts on short-term deposits. They are deposited for a period of greater than 90 days but less than one year with financial institutions. 

ACCOUNTING POLICIES 
Short-term investments: Short-term investments comprise tradable securities and deposits with original maturities of greater than 90 days but less than one year. Maturity periods are not the sole factor. Given the AA VNAVs have a weighted average maturity of fewer than 90 days. they have been included within short-term investments due to the fact they do not bear an insignificant risk of changes in value.

3 - BORROWINGS AND OVERDRAFTS 
PURPOSE 
Our borrowings compete with bonds. bark loans, bank overdrafts, and Share Incentive Plan shares, which are held in Trust for the benefit of Partners. 
ACCOUNTING POLICIES 
Borrowings: Borrowings are initially recognized at fair value net of transaction costs and subsequently measured at amortized cost. Where there is an effective related fair value hedge. the movement in the fair value attributable to the hedged risk is separately disclosed. Arrangement costs for bonds and loan facilities in respect of debt are capitalized and amortized over the life of the debt at a constant rate. Finance costs are charged to the income statement, based on the effective interest rate of the associated borrowings. Borrowing costs attributable to the acquisition or construction of a qualifying asset are capitalized. Qualifying assets are those that take a substantial period of time to get ready for their intended use. Capitalization commences when both expenditures on the asset and borrowing costs are being incurred. Capitalization ceases when the asset is ready for its intended use. The capitalization rate used to determine the borrowing costs eligible for capitalization is 6.1%. Share Incentive Platt The Share Incentive Plan (SIP or BonusSave) is initially measured at fair value and the liability is subsequently measured at amortized cost It is de-recognized once the liability has been settled. 

Task

Q-What do you think of the company's performance?
Q-Would you invest?

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