Premium Essay

Accounting Group

In:

Submitted By hendrick
Words 1827
Pages 8
COVER SHEET
Hendrick Hartono s3356060
Shereen Tan s3243582

Chan Huan Hian s3374254

Executives Summary

Table of Contents

Introduction

The aim of this report is to compare and contrast the financial performance of JB Hi Fi and Harvey Norman over the past three years from 2009 until 2011 primarily through the use of ratios analysis of both companies. This report will be explained in two parts. The first part will explain about profitability measures, liquidity, activity, and financial leverage measures through the use of financial ratio during three years of both companies’ financial performance. The second part will emphasize on what the ratios are demonstrating from a business sense in 2009 to 2011.

Part A: Financial performance comparison
1. Profitability measure
1.1. Return on assets (ROA)
In the last three years, JB Hi Fi gave a considerable high ROA (on average about 22.9 %). On the contrary, Harvey Norman gave a lower ROA (11.76% in 2009, 11.42% in 2010, and 9.70 % in 2011). The lower ROA indicated that Harvey Norman’s management was not managing their assets well enough to generate the desired profits. This means JB Hi Fi was much more efficient in using their assets than Harvey Norman. However, JB Hi Fi’s ROA decreased from 24.65% in 2010 to 21.40% in 2011. The decrease in ROA was due to a significant increase in total assets that was not followed by the significant increase in operating income. This indicates that JB Hi Fi’s efficiency in managing their assets to generate profit has decreased.
1.2. Return on equity (ROE)
In the last three years, JB Hi Fi’s ROE (on average about 47.56%) was much better than Harvey Norman’s ROE which were 12.13% in 2009, 11.81% in 2010, and 11.84% in 2011. This means JB Hi Fi had been giving a much higher return than Harvey Norman for the money the shareholders had invested. However, the trend showed

Similar Documents

Premium Essay

Accounting Report - Vodafone Group

...years Income Statements and Balance Sheets for Vodafone Group Public Limited Company and carry out ratio analysis for my four chosen user groups. Vodafone is one of the world’s leading mobile telecommunications operator with a total of 91,272 employees as of March 2013. 2. User Groups and ratio Analysis 2.1 Employees Employees are interested in the company’s stability and profitability. They are after the ability of the company to pay salaries and provide employee benefits. They may also be interested in the company’s financial position and performance to assess the possibility of company expansion and career opportunities. Ratio 2009 2010 2011 2012 2013 ROCE 4.7% 7.4% 4.5% 9.7% 4.2% Sales Revenue per employee £518,566 £523,261 £547,137 £537,402 £486,951 Return on capital employed is considered to be the primary measure of profitability. ROCE compares inputs (capital invested) with outputs (operating profit). Fig.1 ROCE went from the highest registered in the 5 year period in 2012 of 9.7% to the lowest ever in 2013 of 4.2%. This is a substantial decline to occur in an year interval which indicates a poor performance. The sales revenue per employee ratio provides a measure of the productivity of the work force, relating sales revenue generated to a particular business resource, namely labour. 2.2 Lenders Financers have lent money to the business and are interested in accounting information to assess if the organization can repay the...

Words: 582 - Pages: 3

Premium Essay

Accounting Information System Group Work

...* SAP Business One 11 * UFIDA U8 16 * NetSuite 19 Department Scoring Matrix 24 e) Economic Feasibility Analysis 25 Discussion of Selection Process 25 Reflection of Selection Process 26 Reference List 28 Appendix A. Final Scoring Matrix 32 Appendix B. Economic Feasibility Analysis 34 Appendix C. Seminar Work 38 Appendix D. Meeting Minutes 42 1. Executive Summary This report sets out to introduce the Enterprise Resource Planning (ERP) software selection process in the purchasing department of a company “Choc & Choc”, which is a chocolate wholesaler established by the graduates from the University of Nottingham, Ningbo, China. Considering the company’s future operation, Accounting Information System (AIS) which will help the company store, process data and make business decisions is recommended. Aims at comprising the whole AIS in the company, purchasing department plans to choose the software that could satisfy its own needs. ERP system, which is multi-module transaction-based system management software, is taken into account under this condition (Bagranoff, 2008). The purchasing department needs to summarize and categorize supplier information, efficiently track purchase order, reduce purchasing costs, precisely update and manage inventory and effectively exchange information with sales department. In order to meet the requirements, SAP Business One, UFIDA U8 and NetSuite are introduced to the department. After...

Words: 10517 - Pages: 43

Free Essay

Intercorp Case Analysis

...Intercontinental Philippines Corporation To: Mr. Adrian Pabayo August 13, 2011 From: Group 2 Marieanne L. Oliveros Danilo Flores, Jr. Nova Fernandez Ann Alvaran Irra Angela Y. Chiong I. Problem The highly regarded and close-knit group of experienced, “old-timers” of the Sales Accounting section of Intercorp is much dependent on the foundation of their long-built section. Possible assigned additional workload and various personnel somehow disrupt the behaviour and communication of each member of the group eventually affecting their productivity and efficiency. II. Objective To establish a sensitive and casual approach on loosening out the dependency of the section on each other. Any abrupt changes within arises uncommunicative and too formal behaviour among the members of the Sales Accounting section. It is necessary to provide effective means of how to ease-out the tightness of the group so positive and needed changes may be simply introduced. III. Areas of Consideration 1. Gabriel Herran , manager of the Sales Accounting section of Intercorp. - One of the first trainees hired specifically for the company’s Management Trainee Program and finished it becoming the youngest manager of...

Words: 1695 - Pages: 7

Premium Essay

Organizational Structure

...difference with the matrix organization, which is a big disadvantage, is that there are two bosses instead of one. There is a functional boss and a divisional boss (Bateman & Snell, 2011.) With having two bosses it uses what is called a Unity-of-Command principle which is a structure where the employees report to one boss who reports to one boss and so on until it gets to upper management (Bateman & Snell, 2011.) This is where the disadvantage of the matrix organization is, by having too many people in the line while information is being relayed it can lead to misinterpretation by the time it reaches upper management which is why the two boss part of the matrix organization is such a big disadvantage. Functional organizations group employees by the skills that are needed to complete certain jobs. The functional organization is a structure that is best in a stable environment (Bateman & Snell, 2011.) The company is not a stable environment there needs to be a lot of flexibility in the company in order to meet the demands of the numerous customers that we deal with on a weekly basis. Also the functional...

Words: 966 - Pages: 4

Premium Essay

Natti Practium

...The University of New South Wales School of Information Systems, Technology and Management INFS5978 Accounting Information Systems (AIS) Assignment 1 - Session 1, 2012 Due Date: To be submitted by Friday 27 April 2012 Due Time: 5:00 pm - electronic copy submission 6:00 pm - hard copy (printed) submission; Weighting: 20% Submit Location: Placed in the Assignment Box – Level 2 Quadrangle Building – West Wing (or handed-in during the Lecture on Monday 23rd April) Word Length: Not to exceed 3,000 words (excluding Bibliography) Cover Sheet: Students must use the attached cover sheet. The assignment will not be marked unless all group members have signed and dated the cover sheet. Late Submission: Late Assignments will incur a penalty of 10% of the maximum mark per day, i.e. 2.0 marks each day, regardless of the mark awarded. An extension may be granted by the Lecturer-in-Charge in exceptional circumstances, in which case documented evidence must be provided. (Please refer to Section 4.5 in Course Outline). Assignment One (1) TOPIC: Refer to the associated Case Study – Globalisation – Australia Takes on the World – adapted from the Text - Chapter 12, Globalisation, Innovation and Organisational Trends, pp. 552 – 554, Baltzan, Phillips, Lynch and Blakey; Business Driven Information Systems and produce a structured narrative (an essay type answer) that answers the following questions: 1. (20 marks) for question 1: Compare and contrast...

Words: 1350 - Pages: 6

Free Essay

Reflection for 230

...Presentation personal reflection: In week 1, when I joined this IAB120 bridging culture excited, I was very excited to being in such a group from different cultural backgrounds. Cara and Maria are from Australia. Rhianna is from from Scotland. However I was a little bit worried about will we have conflicts during the process as some are doing business major, but some from IT and Accounting. In addition, I was worried about would they get my points when communicating with each other? Would they respect me as I am from Asia? With my excitement and worries, every were allocated for doing research on different parts. The second week, after a simple self-introduction and completing simple research tasks, I quickly integrated into this active group, with Cara, Maria, Tara, Rhianna. We talked about interesting culture events from different cultures and shared experience visiting a foreign country. After that, we went through all the research information together and collected relevant data we might use for our first assessment and further report. We were required to do further research on our own topic and thought about available time for all of us to meet outside of the classroom in Library V-Block. The third week,we were doing the online test about culture knowledge to see what is our strength and weakness, and how to improve it in the future study. As a result, we shared and analyzed our result and saw who had strong knowledge in our team and who needed to learn more about...

Words: 486 - Pages: 2

Free Essay

Case Study

...Project Work Guidelines for Basics of Accounting Course 2013 – 14: 1) Form a Group of 7 – 8 students 2) Select 2 Companies of a particular industry/ sector 3) No two groups should have the same company/companies 4) Download the Financial statements and annual reports of 2011 – 12 and 2012 – 13 from company’ s website and www.moneycontrol.com 5) Calculate major 20 ratios in all, under the categories of liquidity, solvency and profitability for both the companies separately for the years 2011 – 12 and 2012 – 13 6) Comparatively analyse the ratios of both companies and their trends over the two years 7) Prepare comparative balance sheet and income statement of the two companies separately for the years 2011-12 and 2012-13 8) Analyse the incremental change over the two years for each company separately 9) The project will comprise of a presentation and submission of the hard copy of project report. Guidelines for submission of report: 1) The project report should comprise 25 – 30 A4, typed pages 2) It should have the duly filled in cover page (annexure 1) 3) It should clearly depict the following: (Format) a) Introduction about the companies b) 20 calculated ratios represented in the form of graphs (Annexure 2) c) Detailed comparative analysis of each ratio d) Comparative balance sheet and income statement e) Analysis of the comparative statements f) References g) Annexure: calculation of ratios...

Words: 543 - Pages: 3

Premium Essay

Laeiv

...the second week of class. Please call the Associate VP for Student Support- 872-3178. My intention is to honor all legitimate requests. The deadline is necessary to allow sufficient time for a meaningful solution. Exceptional circumstances will also be considered at any time during the semester. Student Evaluation: Tests – 2 tests (mid-term and final- 100 pts each) 200 pts Cases: 6 total cases Group Cases: You are leader- 1@ 50 pts 50 pts You are group member- 2@25 pts 50 pts Individual Cases- 3 @ 33.33 pts 100 pts Total Points 400 pts Textbooks: Arens, Elder and , Auditing & Assurance Services: An Integrated Approach 15th ed., Prentice-Hall, 2014 Trussel, John M. and Frazer, J. Douglas The Lakeside Company: Case Studies in Auditing, 12th edition, Prentice-Hall , 2012 Student Learning Objectives- The student will be able to: 1. incorporate professional standards into case analyses and essay responses. 2. perform as a group leader and as a group member to organize work and present it in a professional manner. 3. develop solutions in light of both general business ethics and the AICPA Professional Code of Conduct. 4. demonstrate facility with basic audit steps and the documentation of such work. 5. demonstrate how...

Words: 819 - Pages: 4

Premium Essay

Small Group Dynamics

...Throughout the process of working with two different groups in this course, I noticed while working on our projects we encounter some similarities and differences. Now that I reflect back on my groups I realized we used some of the small group dynamics we discussed in class such as group development, we developed an effective team by incorporating complementary skills’, we demonstrated Communication Competence, and lastly, we also used technology. All of these group dynamics essentially contributed to our success as a small team. In both projects. Some of the similarities I encountered while working in both teams is right off the bat on our first meeting we started our group development, which is a model created by Bruce Tuckman. This model...

Words: 892 - Pages: 4

Free Essay

Business

...School of Economics, Finance and Management Management Coursework Assignment Unit ECONM1013 MSc in Accounting, Finance and Management MSc in Economics, Finance and Management Unit Leader: Dr Rutvica Andrijasevic ASSESSMENT DETAILS The Unit is assessed through both Group Presentation and Individual Assignment. Group Presentation (25%) of your final course mark: Format: Your presentation is to follow the report format (see Blackboard for more information on the report format). You are a consultant to the CEO of the multinational below and you must convince the CEO either to invest more money or reduce investments into robotics. You have been hired to conduct an environment analysis using case materials, library research and electronic data sources. Your presentation must demonstrate clearly the rationale, motives and implications of your decision, as well as how and why such as strategy is to be carried out by the business. You will be expected to engage with the literature discussed in class and specified in your reading list. Topic: Over the past decade, multinational firms have pursued various diversification strategies. One of these firms is Foxconn, the world’s largest electronics manufacturing firm, which in 2015 put to use more than 30,000 robots. Thousands of these are at its factory in Chengdu that has fewer than 100 workers (for more info see the enclosed text from the Economist). For this assignment you are required to examine the business...

Words: 1223 - Pages: 5

Premium Essay

Database

...DATABASE ASSIGNEMENT ONLINE STORE DATABSE TABLE NAME * STUDENT/CUSTOMER * ENROLLMENT * COURSES * CATEGORY * ORDERS * ORDER DETAILS * PAYMENT * PRODUCT * SHIPPERS * SUPPLIER/COMPANY TABLES ATTRIBUTES STUDENT/CUSTOMER STUDENT table contain attribute such as: * STUDENT ID-PRIMARY KEY * FIRST NAME * LAST NAME * ADDRESS * POSTAL CODE * CITY * STATE * COUNTRY * PHONE * EMAIL * PASSWORD * CREDIT CARD * CREDIT CARD TYPE ID * BILLING ADDRESS * SHIP ADDRESS * DATE ENTERED ENROLLMENT ENROLLMENT table contain attribute such as: * STU ID-PRIMARY KEY * COURSE ID-PRIMARY KEY * SEMESTER-PRIMARY KEY * INTAKE COURSES COURSE table contain attribute such as: * COURSE ID-PRIMARY KEY * COURSE NAME * FACULTY CATEGORY CATEGORY table contain attribute such as: * CATEGORY ID-PRIMARY KEY * CATEGORY NAME * DESCRIPTION * PICTURE * ACTIVE ORDERS ORDERS table contain attribute such as: * ORDER ID * STUDENT ID * PAYMENT ID * SHIPPER ID * ORDER NUMBER * ORDER DATE * SHIPDATE * REQUIRED DATE * SALE TAX * TIME STAMP * TRANSACTION STATUS * FULFILED * DELETED * PAID * PAYMENT DATE ORDER DETAILS ORDERDATAILS table contain attribute such as: * ORDER IDs-PRIMARY KEY * PRODUCT IDs * ORDER NUMBER * PRICE * QUANTITY * DISCOUNT * TOTAL * IDSKU *...

Words: 289 - Pages: 2

Free Essay

Lua Stuff

.... Introduction top next gema actions are enough for everyday usage but occasionally you may need more power to define a complex transformation. You might, also, want to use the superior matching capabilities of gema to drive your program. GeL is a Lua 5 library that: allows the execution of Lua function (and hence of a C function) in a gema action provides the powerful text matching mechanisms offered by gema as a set of Lua functions it has been tested with Lua 5.0.2. Refer to the detailed documentation to build gel togheter with gema, . 1.1 Status GeL is not as mature as gema or Lua, please report any bugs you may find using SourceForge bug tracking subsystem (you don't need to log in as a SourceForge user) or sending an e-mail to Remo Dentato. 1.2 Licence GeL is released under the same licence of Gema. No specific reference needs to be made to GeL as long as the due reference to Gema and Lua have been made. 2. Usage prev top next 2.1 Gema like Gel may be used exactly as if it was gema, any valid gema script should work when executed by gel: gel [gemaopts] [-f rules.gema] [-l script.lua] [infile [outfile]] . The only differences are: The @lua{} function is available to execute lua scripts in actions Text enclosed between "![" and "!]" is considered lua code and is immediately executed Rules specfied with '-f' are loaded, the lua script specified with '-l' is executed (possibily defining lua function...

Words: 1294 - Pages: 6

Premium Essay

Reflective Journal

...experience. My seminar topic was about examining the imagery that appeared in the play Hamlet. A skill I developed was using technological equipment to present a presentation.Each group had to pick a topic that was in their interest to research online for information. The requirements started with presenting the information in front of the class informing the audience what imagery means and discuss using concrete examples from the play. This presentation gave me the opportunity to work with PowerPoint and Excel and then to present my information. I believe that in order to communicate effectively with the audience you have to have a well prepared presentation that will capture their attention so that you can present your ideas clearly. A skill that I had trouble was to be able to work as a team. The imagery seminar was a great opportunity for me to develop my team work skills because we were put in to pairs to complete the seminar. Each member in the group had specific responsibilities to the team in order for the seminar to be successful. Being in the group to work on the seminar was a great experience for me because I was able to see where my strong and weak points are in group work. I found that it was easier for me to communicate my ideas with Rachna than to the whole class. A big part of group work is good communication between Rachna and I. Communication is also a big part of my learning experience because I will need to be able to get my ideas out by communicating well...

Words: 585 - Pages: 3

Free Essay

Euthyphro

...Inequalities Thomas Cunningham MAT221: Introduction to Algebra (GSO13360) Instructor: Justin Hazel Inequalities In this assignment I will be showing you how you can find out how to use Inequalities to find out how much you may or may not be overweight. You can use my equations and the examples of my work to find out exactly what category you might fall in. In this equation we are asked to use our own height to find out exactly if I might have a longer life span than the usual person. Before we start remember that W=my weight, and then H=my height. W=178.2 and then H=67 In this first compound inequality, I had to take the equivalent inequality and replace it with the BMI formula. My height and weight has been added in to replace the current H^. The next steps for this compound inequality I had to multiply all the terms by the denominator. There was some cancellation done towards the first phase of the problem. I then all three terms where divided by 703 to isolate W. People’s height of 67 might be different life span of those whom might weigh between 108lbs and 128lbs. 17<BMI<=22 17<703W/67^<22 17<703W/4489<22 17(4489) <703W<22(4489) 76313<703W<8978 76313/703<8978/703 108<W<128 In order to solve this second inequality, what I need to do is solve for W and place the values of W. The very first thing that happens is I multiply all the terms by H^ in order to take out...

Words: 542 - Pages: 3

Free Essay

Management Structures

...to be successful in terms of assistance in these particular areas. Matrix organizations are kinds of structures that a categorized flexible and responsive and are characterized by employees having more than one supervisor and in order for them to perform at their highest level of productivity, they must have some area of expertise that is disciplined. The project team happens to become a creation of several highly imaginatively intelligent groups of people that are formed to collaborate with each other and strive at creating more diverse ideas, or putting a different take on some of the many already formed ideas and the opinions of those more diverse ideas. The collegial model works flawlessly when each member is able to be independent, but equally share management responsibilities or work out a specific rotation that meets each individuals peer or colleagues needs. The need or want for freedom or independence in the aforementioned paragraph has little merit when they must come together to satisfy matters that affect the entire group....

Words: 270 - Pages: 2