ACCOUNTING PRINCIPLES ASSIGNMENT | SAMPLE PPT

Accounting principles are the rules and regulations that the business enterprises follow strictly when the Financial Reporting is done. In this report every aspect of financial reporting like Cash, Inventories etc will be dealt effectively to ensure an effective recording of financial events. By OnlineAssignmentsHelp.com

1. Student name: Student ID: ACCOUNTING PRINCIPLES

2. Introduction Accounting principles are the rules and regulations that the business enterprises follow strictly when the Financial Reporting is done. The business organizations need to follow the structure and guidelines of the FASB (Principal board) in complying with the requirements. In this report every aspect of financial reporting like Cash, Inventories etc will be dealt effectively to ensure an effective recording of financial events. The issues surrounding the company assets, liabilities also find mention. The companies Bapcor Ltd and Super Retail LTD (both are retail entities) Annual Reports have been taken into consideration in the overall discussion.

3. Company and Industry overview Bapcor LTD Bapcor is one of Australian giant retailers of automobile parts and accessories and also provides services to the customer (bapcor.com.au, 202). They operate through an end to end post market supply chain. Bapcor also employs more than employees in around 1000locations and their multinational image is inferred from the market reach. Presently the share price of the Company runs around 5.56-5.57 with a negative trend (-0.020 that is 0.35%). Super retail Group LTD Super Retail Groups is one of Australia's leading retail chain stores in many countries of Asia and Oceania apart from the local market. The company has earned revenue of around 270 cores AUD (in the 2018-2019). They also run subsidiaries like Rebel, Macpac , Rays and boating etc. The company also operates with an extended network of suppliers and possesses a dedicated supply chain (superretailgroup.com.au, 2020). It is found out that the company's turnover is around $ 2.5 bn.

4. Cash and Receivables . Cash The Cash and Cash Equivalents find its position in the Consolidated Financial Statement of financial positions where they get positioned besides Receivables, Inventory and other related Items (An, Choi & Yen, 2020). Bancorp The cash available for the business entity at the end of 2019 is 47610000 used and the figures in the 2018 were $40154000. Super Retail The cash available at the end of 2019 is $394000 usd and the figures of 2018 are 53800 usd.The figures in the 2017 are $481.1 usd . . From this trend it is analyzed that the company is consistently losing in terms of its assets and is dragging themselves towards uncertainty.

5. Inventory BAPCOR LTD   2019 2018   SUPER RETAIL GROUP LTD 2019 2018 Inventory turnover ratio 0.0791 0.08004   Inventory turnover ratio 0.29407143 0.24275 Cost of goods sold 688,811 667290 Cost of goods sold 148800.2 132301 Average inventory 8708000 8337000 Average inventory 506,000 545001

6. Property, equipment and plant It can be possible to explain that property as well as plant and equipment need to be analyzed in a well manner with the help of latest annual report. In the balance sheet of the organization, property as well as plant and equipment are mentioned in an in-depth manner . The account title of the PP & E is balance sheet. In this aspect, it can be feasible to elucidate that in the annual report of Super retail group, PP & E is described in a detailed note (superretailgroup.com.au, 2020). Motor vehicles as well as computer equipment are other are mentioned in this section of the annual report. On the other hand, Bapcor limited also mentions PP & E in the annual report.

7. Current liabilities Financial statement like balance sheet mainly consists of current liabilities that ought to be described. In addition to this, financial statement of the companies should be focused on the current liabilities in the year 2019. Current tax as well as trade and other payables and so on are described under the current liabilities. Contingent liabilities can be measured on the basis of the fair value of the company. In this regard, both companies focus on this.

8. Non current liabilities BAPCOR LTD   2019 2018   SUPER RETAIL GROUP LTD 2019 2018 Debt ratio 3.20767 3.69369   Debt ratio 2.85176991 3.18929 Debt 336315 328391 Debt 386.7 422.9 Net income 104,847 88,906 Net income 135.6 132.6

9. Shareholder’s equity BAPCOR LTD   2019 2018   SUPER RETAIL GROUP LTD 2019 2018 Return on equity 0.1451798 0.1384083 Return on equity 0.16617647 0.17105 Net income 104,847 88,906 Net income 135.6 132.6 Equity 722,187 642,346 Equity 816 775.2

10. Ratio analysis

11. Conclusion It can be concluded that financial statements are useful for analyzing the business functions of both companies in the target marketplace of a country like Australia. In this regard, it can be possible to elucidate that financial statements such as balance sheet along with the statement of organizational income as well as cash flow statement need to be evaluated effectively. However, financial information of the mentioned companies requires to be elaborated with the help of financial statements given in the annual report. It can be possible to focus on the inventory as well as cash along with financial ratios of the companies like Bapcor Limited and Super Retail Group. Ratio analysis as well as other financial information are elaborately given in this study for understating the accounting principles of the mentioned companies in a collective note.

12. Reference Ahn , H., Choi, S., & Yun, S. C. (2020). Financial Statement Comparability and the Market Value of Cash Holdings. Accounting Horizons , 0000-0000. Retrieved on 1 st July, 2020 from: https:// meridian.allenpress.com/accounting-horizons/article-pdf/doi/10.2308/horizons-18-008/2445775/10.2308_horizons-18-008.pdf bapcor.com.au (2020), Annual report , Retrieved on 6 th July, 2020 from: https://www.bapcor.com.au/Reports/BAP_Annual_Report_2019_web.pdf bapcor.com.au (2020), Overview, Retrieved on, 1 st July, 2020, from: https://www.bapcor.com.au/retail Farjana , S. H., Huda, N., Mahmud, M. P., & Saidur , R. (2018). Solar industrial process heating systems in operation–current SHIP plants and future prospects in Australia. Renewable and Sustainable Energy Reviews , 91 , 409-419. Retrieved on 1 st July, 2020 from: https://www.sciencedirect.com/science/article/pii/S1364032118302077 Farjana , S. H., Huda, N., Mahmud, M. P., & Saidur , R. (2018). Solar industrial process heating systems in operation–current SHIP plants and future prospects in Australia. Renewable and Sustainable Energy Reviews , 91 , 409-419. Retrieved on 1 st July, 2020 from: https://www.sciencedirect.com/science/article/pii/S0959652618324478 Linares- Mustarós , S., Coenders , G., & Vives-Mestres , M. (2018). Financial performance and distress profiles. From classification according to financial ratios to compositional classification.  Advances in Accounting ,  40 , 1-10. Retrieved on, 1 st July, 2020, from: https://e-tarjome.com/storage/panel/fileuploads/2019-06-11/1560245382_E11288-e-tarjome.pdf Pavlínek , P. (2017). Foreign Direct Investment and the Development of the Automotive Industry. In Dependent Growth: Foreign Investment and the Development of the Automotive Industry in East-Central Europe (pp. 1-46). Springer, Cham. Retrieved on 1 st July, 2020 from: https://link.springer.com/chapter/10.1007/978-3-319-53955-3_1 Siekelova , A., Kliestik , T., Svabova , L., Androniceanu , A., & Schonfeld , J. (2017). Receivables management: The importance of financial indicators in assessing the creditworthiness. Polish Journal of Management Studies , 15 . Retrieved on 1 st July, 2020 from: http://yadda.icm.edu.pl/yadda/element/bwmeta1.element.baztech-d1be45a9-9a91-46dd-99c6-6a3b2ba8638a superretailgroup.com.au (2020), Annual report , Retrieved on 6 th July, 2020 from: http://www.superretailgroup.com.au/search/?keywords=ANNUAL+REPORTS&look=Search superretailgroup.com.au (2020), Overview, Retrieved on , 1 st July, 2020, from: http://www.superretailgroup.com.au/