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).