Acn306y Assignment 1 2013

Assignment: Accounting for Decision Making

3128 WordsApr 22nd, 201313 Pages

MAA103 & MAAP103 - Accounting for Decision Making ASSIGNMENT – TRIMESTER ONE, 2013
(Relates to Topic 4)

Represents 20% of the assessment for this unit DUE DATE: ASSIGNMENT PLANNER VIA MIBT PORTAL AND HARDCOPY: TUESDAY 9 April, 2013 BY 5.00pm FINAL ASSIGNMENT VIA MIBT PORTAL AND HARDCOPY: TUESDAY 7 May, 2013 BY 5.00pm
NOTE the following general submission points:
1. Assignment MUST be completed in groups of no more than THREE students. Students CAN NOT complete assignment with students from other lecturers classes. All students MUST submit an electronic copy of the assignment planner and the final assignment through MOODLE (using the ‘Assignment Submission Link’) on the MIBT PORTAL. All group members’ names must be clearly stated on the…show more content…

Assignment Objective: The objective for this assignment is for you to perform and interpret financial ratios, that is, provide ratio analysis of financial statements over a two year period (2011 through 2012) and together with all other relevant information, advise on these organisations as investment opportunities. The companies to be analysed are: 1. Fantastic Holdings Ltd. (FAN) 2. Super Retail Group Ltd. (SUL)
(Former Name: Super Cheap Auto Group Ltd.)

Fantastic Holdings Ltd. KEY RATIOS
Gross Profit Margin Net Profit Margin (after Tax) Return on Equity Asset Turnover (Times) Return on Assets Inventory Turnover (Days) Debtors Turnover (Days) Creditors Turnover (Days) Current Ratio Quick Ratio Debt Asset Ratio (Total Debt) Debt Equity Ratio (Total Debt) Times Interest Earned (Times)

Super Retail Group Ltd. 2011
45.25% 5.09% 18.31% 1.909 times 11.06% 97.86 days 4.31 days 40.89 days 2.34 0.33 46.91% 32.66% 8.85 times

2011
47.47% 4.46% 19.30% 2.598 times 12.08% 66.29 days 2.61days 25.28 days 1.96 0.37 40.01% 17.88 % 35.06 times

2012
48.18% 4.71% 19.26% 2.494 times 12.18% 61.89 days 2.31 days 21.71 days 1.75 0.44 39.02% 18.24% 80.95 times

2012
43.92% 5.05% 12.14% 1.194 times 7.15% 91.95 days 3.93 days 43.67 days 2.17 0.33 50.28% 56.33% 6.83 times

Please note all ratios provided above have been taken from the database FinAnalysis and some have been calculated manually. Please accept these ratios as

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Introduction of cost accounting Cost accounting is the process of gathering information about the cost of a company, such as calculating the cost of products and services, company's activities, and assessing the efficiency of cost usage. For example, Maybank use s cost accounting to define the cost of processing a customer's check and/ or a deposit. It also may offer management with instruction in the pricing of these services. Management accounting is also as a type of cost accounting, which transform the physical movement of products and services, planning and controlling business activities into financial value so as to sustain decision-making and ameliorate cash flows and costs. For example, cost accounting is used to count the unit cost of manufacturer's product so as to inform the cost of inventory on its balance sheet and the cost of goods or stuff sold on its income statement. This is achieved with techniques such as the distribution of manufacturing overhead costs and through the use of process costing, job-order costing systems, and operations costing. Finally, Cost accounting also can be a tool for management in budgeting and in establish cost control programs, which can ameliorate net margins for the company in the future. The important of Cost Accounting

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