该作业是分析危险品化学公司的数据

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ACC1AMD
Individual Assignment
20 marks total
This assignment will assess your Ethical Behaviour (5 marks) and
Creative Problem Solving (15 marks) Graduate Capabilities
General information and requirements
This is an individual assignment due on Monday 17 November 2019, 5pm (Zhenjiang time) via
JUST@latrobe.edu.au
Submissions need to include the following in the subject line:
ACC1AMD_StudentID_FirstName_SecondName_Individual assignment
Do not send the assignment to the lecturer.
Assignment Length
Each question provides a guide as to the approximate word length of each answer. It is recommended
you are close to these limits, but you do not need to achieve them exactly.
Please ensure your overall assignment is +/- 10% of the total word limit. Assignments that vary
significantly from these guidelines will be marked down.
Submission
All submissions must be typed in a minimum 11.5 font, with 1.5 line spacing using WORD. Once
finalised please save as a .pdf for submission.
Referencing
All submissions will be reviewed for plagiarism (copying). This is a very serious offence and can result
in you receiving no marks for the assessment task.
Please ensure if you have copied information you use quotation marks and appropriate referencing.
If you reword someone else’s work you still need to refer to the author’s in your sentence. For example
Hines (1991) discusses how……. – whilst this is not a quote you need to reference the idea.
Refer to the “Assignment Presentation Guide” .
This assignment requires you to analyse data. If you copy financial reports from the internet it will be
obvious and no marks will be awarded, even if correctly referenced. The purpose of the assignment is
to develop your analytical skills which are not those of an investment advisor. A small amount of
referenced information will be acceptable.
Late Assignment Penalty
“The standard penalty for late submission of assessment tasks is 5% of the marks for that task for
each delay in submission of a day or partial day up to a maximum of five (5) working days after the
due date.”
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Presentation
Assignments must be presented in accordance with the “Assignment Presentation Guide” provided by
the lecturer. (2 marks)
Question 1 (5 marks)
You run a company that sells dangerous chemicals, but you are finding that it is a very competitive
industry in which to work due to the costs of disposing of chemicals that can no longer be sold.
The warehouse is located near a river that flows into the local water supply reservoir where many of
the locals enjoy swimming during the summer months. There have been many unexplained serious
illnesses from people who have been swimming in the reservoir. A couple of teenagers who were
exploring the river area stumbled across (found) a number of containers marked as poisonous and
they called the EPA (Environmental Protection Authority) who conducted an audit of the area.
One of your particularly dangerous chemicals had not been sold for a long time as it had been linked
to cancer. Whilst it was written down to zero in your accounting records you had not been able to
dispose of it due to its toxicity as this would have cost your business a significant amount that you
could not afford and still achieve your desired profit.
A review of your stock records indicates that the inventory was slowly decreasing every six months,
despite there being no market for the goods. Further investigation revealed that a couple of your
employees had been directed to empty a barrel every so often into the river thinking it would
dissipate; and cause no impacts and would save you the expensive disposal fees. Unfortunately, they
left the empty barrels covered in shrubs and the illnesses that people had suffered, some of which
could leave ongoing health issues, were directly traced to your business. It is currently unknown what
the legal consequences and compensation will be to those parties injured by your company’s actions
however they are liable to be substantial given the type of chemical and its potential consequences.
Given the resulting consequences, do you think reducing nature to a number is beneficial to the
environment and accounting? Discuss considering at least 2 cases and relating them to your business.
Your answer needs to be in your own words and correctly referenced to receive full marks.
(500 words)
NOTE: Ensure at most only 1 (one) of the Bento Rodrigues (2015) Dam disaster or Savar (2013)
Building collapse are used and 1 (one) different case.
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Question 2 (4 marks)
You have been provided with the unadjusted and adjusted trial balance for Veterinary Services Ltd as
of 30 June 2018. These reports are after trading for up to the year ended 30 June 2018.
No Account Name Dr ($) Cr ($) Dr ($) Cr ($)
100 Cash 43,074 43,074
110 Accounts Receivable 78,317 84,190
130 Office Supplies 32,894 19,580
140 Prepaid Insurance 13,118 9,789
150 Surgery Equipment 294,951 294,951
151 Less Accumulated Depreciation –
Surgery Equipment 109,644 137,055
200 Accounts Payable 19,580 19,580
220 Interest Payable 588
230 Revenue Received in Advance 87,411 81,929
240 Salaries Payable 5,090
250 Bank Loan (10 years term) 19,580 19,580
300 Share Capital 78,317 78,317
310 Retained Earnings 21,537 21,537
311 Dividends 46,989 46,989
400 Service Revenue 229,467 240,822
500 Salaries Expense 39,159 44,249
505 Insurance Expense 3,329
510 Interest Expense 1,371 1,959
520 Depreciation Expense 27,411
530 Office Supplies Expense 13,314
540 Rent Expense 15,663 15,663
565,536 565,536 604,498 604,498
Veterinary Services Ltd
Trial balance
as at 30 June 2018
Unadjusted Adjusted
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Required:
a) Record the unadjusted opening balance of each account in the correct T–account before
recording adjusting entries.
b) Record the adjusting entries in the General Journal using the below format:
Veterinary Services Ltd
General Journal
Date Account (Narration) Post ref Debit $ Credit $
xxx XXX
xxx (hold your CTRL and TAB key to indent) XXX
(Don’t forget your narration).
c) Record the adjusting entries in the correct T-accounts.
d) Balance the T-accounts. (Only use one set of T-accounts for parts a, c and d).
e) Prepare an Income Statement (Profit & Loss), Statement of Changes in Owners’ Equity
(Retained Earnings) and a classified Statement of Financial Position (Balance Sheet) as at 30
June 2018.
f) Journalise the post-closing entries required to finalise the end of financial year.
g) Briefly explain the purpose of the post-closing entries.
NOTE: to maximise your mark you must include correct titles, narrations, dates etc. This is an
assignment, not under exam conditions, therefore attention to detail is expected.
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Question 3 (9 marks)
You will be allocated a company during your class by the lecturer. You will be provided with the
financial figures for the calculations. Guidelines will also be provided to assist you with the
presentation of your analysis. You will need to use the internet to obtain some background
information for your company.
Please note: we do not use Banks or Financial institutions as these companies have minimum liquidity
ratios under law and are not as suitable for this activity.
a) Briefly explain the industry the company operates within and any key regulations to which they
must adhere. (100 words)
b) Using the downloaded data, complete a Horizontal Analysis of the Profit and Loss, Balance Sheet,
Cash Flow and Ratios for 2017 and 2018. Set the $ movement to “no decimal places” and the %
movement to “2 decimal places” for the statements. When analysing the ratios please use 2
decimal places for both the $ and % movements.
c) Write a brief report, using the horizontal analysis data, individually analysing the Profit and Loss,
Balance Sheet and Cash Flow Statement. This is to be in your own words and not a report copied
from a financial advisor on the internet. Marks will be significantly deducted if it is not in your
own words and work. It is not acceptable to simply state one number is bigger than the other and
therefore it is better. You need to explain the importance of the number and why it is
better/worse. (200 words)
d) Select a minimum of ten ratios, ensuring you include a range of liquidity, profitability and solvency
ratios and analyse the company. Where possible use the ratios we have covered in class. As in
part c) above it is not acceptable to simply state one number is bigger than the other and
therefore it is better. You need to explain the importance of the number and why it is
better/worse.
(350 words)
Please note only refer to those ratios that are provided on the “ratios” tab, do not attempt to
calculate them yourself.
e) Draw an overall conclusion as to whether you would invest in the company and why? (150 words)
f) Ensure you include a screen copy of each of the four tabs with your horizontal analysis within
your report. Where you include them is up to you based on your report presentation (could be in
an appendix).
Remember: You need to upload 1 document with all the assignment answers structured in a
Business Report format. Please follow the presentation guide and save your completed
assignment as a .pdf document to ensure your layout is retained.


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