Reference no: EM132310535
Accounting Concepts and Practices Assignment -
All questions must be completed.
Question 1 - Transurban is a company that primarily builds Toll roads in Australia and overseas.
Using the 2018 Transurban annual report to compare the financial results of the Company between 2017 and 2018. You should use any financial information provided in the 2018 reports (including ratios, and narratives) to conclude on the improvements or not in financial position and profitability. You discussion should focus on reasons for this (the Group financial statements appear on Page 54 of the report).
What other information would you need to make an assessment of Transurban?
Word Limit 1000 words.
Question 2 - Using the 2018 FY18 UN Sustainable Development Goals progress report.
Use this information to explain how Transurban is meeting the UN Sustainable Development Goals (SDGs). What is your opinion of these initiatives?
Word Limit 750 words.
Question 3 - Problem 9.6 Rochelle Graves Ltd, page 392 Weygant et al., (2013).
Question 4 - Comparative Financial data at 30 June for Harry's Hardware is as follows.
|
|
2017
|
2018
|
|
Cash at Bank
|
16,400
|
19,000
|
|
Inventories
|
40,000
|
52,000
|
|
Receivables (net)
|
14,400
|
15,000
|
|
Prepaid Insurance
|
600
|
700
|
|
Long term investments
|
14,000
|
20,000
|
|
Motor vehicles
|
84,000
|
90,000
|
|
Accumulated depreciation - motor vehicles
|
(26,000)
|
(36,000)
|
|
Total Assets
|
145,400
|
160,700
|
|
|
|
|
|
Accrued sundry expenses
|
350
|
275
|
|
Accounts Payable
|
20,000
|
14,000
|
|
|
|
|
|
Long term loan
|
35,000
|
25,000
|
|
Capital
|
90,050
|
121,425
|
|
|
|
|
|
Total Equities
|
145,400
|
160,700
|
|
Harrys Hardware Income Statement for year ended 30 June 2018
|
|
Income:
|
$
|
$
|
|
Sales
|
450,000
|
|
|
Gross proceeds from sale of motor vehicle
|
3,000
|
453,000
|
|
|
|
|
|
Expenses:
|
|
|
|
Cost of sales
|
320,000
|
|
|
General expenses including depreciation
|
68,000
|
|
|
Carrying amount of motor vehicle sold
|
2,000
|
390,000
|
|
Profit
|
|
63,000
|
Additional Information - The vehicle which was sold had originally cost $10,000.
Required: Prepare a Cash Flow Statement for Harrys Harware for the year ended 30 June, 2018 from the above information given (note that you should use the Direct Approach).