Compare and contrast company financial statements

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Reference no: EM13841868

Research Project

1. Companies and year of report

Name of company: IMF BENTHAM LIMITED Year of report: Financial year ended 30 June 2015

Name of company: SCG (Scentre Group)

Year of report: For the year ended 31 December 2014

Name of company: CASH CONVERTERS INTERNATIONAL year of report: for the year ended 30 June 2014

Company name: SKY NETWORK TELEVISION LIMITED Year of report: for the year ended 30 June 2014

Company name: PLATINUM ASSET MANAGEMENT LIMITED (PTM) Year of report: For the year ended 31 December 2014

2. Summary of company details

Construct a table to provide the following information for each company: - Company name

- Annual report used

- ASX ranking (by market capitalization)

- Industry

- Size of company (market capitalization)

- Number of employees

- ROA, ROE, EPS, PIE ratio, Debt ratio, (show calculations or indicate where you got the ratios from)

You individually found this information in Part I, now you are presenting it in a professional manner to allow easy comparison. Take care in the construction of your table. Present this information as you would to your employer. In fact you should be presenting this whole assignment as a report to your employer.

3. Compare and contrast company financial statements and disclosure notes

Using the weekly wiki activities as a guide, compare and contrast the accounting policy choices made by your companies. Identify similarities and differences between the companies. Can you explain these similarities and differences? Are they driven by industry differences or some other influence, and if so, what may they be?

Ensure that you cover the following information:

3.1. Accounting policies.

3.2. Accounting for provisions, contingent liabilities and contingent assets.

3.3. Accounting for property, plant and equipment, impairment and cash generating units.

3.4. Accounting for income tax.

3.5. Accounting for intangible assets.

3.6. Accounting for leases.

3.7. Accounting for financial instruments.

Note, in this section do not duplicate what you submitted in Part I. You are not merely reporting on each company but drawing a comparison between companies.

4. Capitalizing Leases

For each of your companies determine the effect of capitalizing operating leases. How would this alter the financial summary indicators? Identify any limitations to your estimates and determine what additional information you would need to improve the estimation. Please work on this as a team. Discuss and agree on how you would convert the financial statements to reflect if the operating leases were financial leases and present that information.

Reference no: EM13841868

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