How telstra is meeting the un sustainable development goals

Reference no: EM132374603 , Length: word count : 1750

Question 1.

Telstra is Australia's leading telecommunications and technology company, and offers a full range of communications services in telecommunications.

The 2018 Annual report for the Company is provided on the subject Moodle shell. Using the 2018 annual report, 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.

What other information would you need to make an assessment of Telstra?

Question 2.

The 2018 Telstra Sustainability Report is provided on the subject Moodle shell. Use this information to explain how Telstra is meeting the UN Sustainable Development Goals (SDGs). What is your opinion of these initiatives?

Question 3:

Exercise 12.1 Centenary Ceramics page 567, Hoggett et al., (2018)

12.1 Bad debts — direct write-off and allowance methods (Excluding GST)

LO3 Centenary Ceramics deals in ceramic pots and figurines. All sales are conducted on a credit basis and no cash discounts are given. Ignore GST. The following information was extracted from the accounting records at 30 June 2019.

Sales	$ 552	000
Sales returns and allowances	37	900
Cash collected	319	120
Debts to be written off	4	022

Required

(a) Assume that Centenary Ceramics uses the direct write-off method of accounting for bad debts.

i. Show the general journal entry required to write off the bad debts.

ii. What amount would be shown for bad debts expense in the income statement at 30 June 2019?

iii. What amount would be shown for accounts receivable in the balance sheet at 30 June 2019?

(b) Assume that Centenary Ceramics uses the allowance method of accounting for bad debts and the Allowance for Doubtful Debts account had a credit balance of $2645 at 1 July 2018. Also assume that an allowance of 1% of net credit sales is required at 30 June 2019 (ignore GST).

i. Show the general journal entries required to write off the bad debts and bring in the required allowance for doubtful debts.

ii. What amount would be shown for bad debts expense in the income statement at 30 June 2019?

iii. What amount would be shown for accounts receivable in the balance sheet at 30 June 2019?

Question 4.

Problem 18.15 Lithum Ltd, page 849-850, Hoggett et al., (2018)

18.15 Statement of cash flows for a company

Below are the comparative statements of financial position of Lithium Ltd.

LITHIUM LTD
Comparative Statements of Financial Position
as at 30 June

			2020				2021
ASSETS Petty cash Cash at bank Bank bills			$ 200 24 200 10 000				$ 400 30 600 12 000
Accounts receivable	$ 102	960			$ 127	400
Allowance for doubtful debts	(6	960)	96	000	(11	400)	116	000
Inventory			74	600			70	800
Motor vehicles	42	000			50	400
Acc. depr. - motor vehicles	(10	000)	32	000	(12	800)	37	600
Office furniture	16	000			18	400
Acc. depr. - off. furn.	(7	600)	8	400	(8	400)	10	000
			$ 245	400			$277	400

LIABILITIES AND EQUITY
Accounts payable	45	000	47	200
Current tax liability	3	200	4	200
Share capital	165	000	196	000
Retained earnings	32	200	30	000
	$245	400	$277	400

Additional information
1. Income statement details were: sales revenue $750 000; cost of sales $603 000; expenses $116 360 (excludes depreciation and carrying amount of vehicle sold); bad debts expense $14 440; and tax expense $4200.

2. A dividend was paid during the year.

3. A vehicle that cost $5600 originally was sold during the year for $3000. The vehicle had been depreciated by $3200 at date of sale.

4. The company pays tax in one instalment. The single instalment of $3200 due by 21 October 2020 was paid.

Required

(a) Prepare a statement of cash flows for the year ended 30 June 2021 in accordance with the direct method. Include any appropriate notes.

Reading

Telstra Annual Report 2018

Bigger Picture 2018 Sustainability Report

Reference no: EM132374603

Questions Cloud

Management would be to being holding us as employees : Recommendation for management would be to being holding us as employees more accountable for thing we are and are not doing in accordance with postal regulation

Why using n variables would be problematic : In the use of a categorical variable with n possible values, explain the following: Why using n variables would be problematic? Describe how logistic regression

Question- Application of the Pearson Correlation Coefficient : Question - Application of the Pearson Correlation Coefficient and the Chi-Square Test. Describe conditions in which nonparametric test would be better selection

What do simplicity mean within context of policy modeling : Is this a tool that would be difficult or easy to use? (SENSE4US) What do the following terms mean within the context of policy modeling?

How telstra is meeting the un sustainable development goals : BUACC 5930-Accounting Concepts and Practices-Federation University Australia-What amount would be shown for accounts receivable in the balance sheet at 30 June.

Target market section of your business plan : Research the industry that your business falls in for its Past and Future Growth. Compile the information into the Target Market Section of your business plan.

Discussion on cyber security in it organizations : Topic: Cyber security in IT organizations. Take only 1 peer reviewed research paper (from dissertation.com or proquest.com) related to above topic from past.

Choose a point or area within journal article to criticize : Choose an area or a point within the journal article to comment and criticize. Provide argument and justifications. (Reflective essay)

Which information system security factor should you consider : An Information Technology (IT) security policy fframework is the foundation of an organization's Information Security program. Discuss your experience.

User Account

All Pages