User Account

All Pages

What are the major liabilities of jb hi-fi limited

Assignment Help Accounting Basics
Reference no: EM131636106

Accounting Individual Assignment

Part A -

Refer to the consolidated financial statements and notes in the 2013 financial report of JB Hi- Fi Limited on its website, and answer the following questions:

Have the current liabilities of JB Hi-Fi Limited increased or decreased over the year? By how much? What classes of liabilities are recorded under the classification "Current Liabilities"?

What are the major liabilities of JB Hi-Fi Limited at the end of the financial year?

What items are included under the heading 'Provisions' in the 'Current Liabilities' section of the statement of financial position (balance sheet)? Explain the nature of these items. Do these satisfy the definition of provisions as contained in IAS37/AASB137? By how much have liabilities for employee benefits increased over the year?

How much cash has been raised by interest-bearing loans in the most recent financial year? How much of such loans has been repaid? How do these amounts compare with the previous year?

Determine whether any of the non-current liabilities are secured.

How much of the non-current borrowings are due to be repaid within 2 years? Between 2 years and 5 years? Beyond 5 years?

Are there any non-current provisions? If so, what, in very general terms, do these represent?

Part B -

Refer to the 2013 annual report of Country Road Limited on its website, (or google 'annual report 2013 country road'), and answer the following questions using the consolidated income statement and balance sheet/ statement of financial position and notes to the consolidated financial statements.

The Country Road Limited income statement shows a deduction (in brackets) for income tax expense. Would this expense item be seen in the income statement of a partnership? Explain your answer.

In the statement of changes in equity regarding retained earnings, how is the total profit available appropriated? How does the allocation of the total profit available for appropriation in a partnership differ from that shown for Country Road Limited? Explain the reasons for any differences.

Refer to the balance sheet (statement of financial position) of Country Road Limited and the note titled 'issued capital'. How do these differ from that of a typical partnership? Explain.

Country Road Limited is required to produce a statement of cash flows (cash flow statement) and include this in its annual financial statements. Would the typical partnership be required to prepare such a statement? Why or why not? Would a typical partnership prepare such a statement? Explain.

Assignment Files -

https://www.dropbox.com/s/hrts24cfywayitq/Accounting%20Assignment%20Files.rar?dl=0

Reference no: EM131636106

Questions Cloud

Describe the healthcare financing of the consumer : Describe the healthcare financing from the perspective of the consumer.
How can companies offering free products make money : Linux is as an example of a company that understands competitive positioning. How can companies offering free products make money from these products?
Discuss the most- pharmacotherapy or psychotherapy and why : When it comes to a person with substance abuse issues, which treatment needed the most- pharmacotherapy or psychotherapy and why
How the overall cost of a workplace accident is calculated : Analyze how the overall cost of a workplace accident is calculated. Once an accident is calculated, what elements make up the cost?
What are the major liabilities of jb hi-fi limited : TACC102 Accounting Individual Assignment. What are the major liabilities of JB Hi-Fi Limited at the end of the financial year
Explain within the context of specific criminological : Explain within the context of specific criminological, sociological, and psychological theories and dynamics for why
What type of research design should be adopted and why : North Melbourne children's hospital would like to undertake research assisting their positioning strategy.
Determine main factors that account for the misuse of funds : International Finance- The IMF and World Bank are the world's two leading institutions. Determine other main factors that account for the misuse of these funds.
Draft the memo which you would issue in response : What are the advantages and disadvantages to an organisation of having a broad marketing mix? Provide at least two examples of each.

Reviews

len1636106

9/11/2017 12:58:27 AM

Need high quality work. Put relevant diagrams and figures supporting the answers. Need excellent quality work answering each questions of both parts. Each part 400 words. Number of words 800 in total. Harvard references minimum 7 references. Instructions: All questions should be attempted. The marks of each question would be awarded based on your understanding of the questions, concepts and procedures; hence you should demonstrate your answers step by step.

len1636106

9/11/2017 12:58:20 AM

The assignment is worth 20% of the total mark for the unit. The marks awarded will depend on the quality of the reasoning exhibited and the ability to express the argument in a concise manner. NO Suggested length. Any list of the references actually cited must be included in your assignment paper. Font type should be Times New Roman (size 12), paragraph spacing should be equal to 1.5.

Write a Review

Accounting Basics Questions & Answers

  Compute their taxable income

In 2013 X and Y have salaries of $35,000 and $27,000, respectively. Compute their taxable income assuming that they file a joint return

  Identify compensating controls needed for an effective ers

Identify compensating controls needed for an effective ERS system.

  Management fraud-audit risk

Do Professional standards allow a company's auditors also to provide tax services and retain their independence? How have provisions of Sarbanes-Oxley Act limited a public company's choice of auditors?

  Hulse company had the following transactions pertaining to

hulse company had the following transactions pertaining to stock investments. feb. 1 purchased 490 shares of wade

  How many backpacks should be ordered at one time

Using the Economic Order Quantity formula (EOQ), how many backpacks should be ordered at one time

  Overapplied overhead to work in process

Suppose Malcolm chooses to prorate the under or overapplied overhead to work in process, finished goods, and cost of goods sold in proportion to their ending balances. Would Malcolm's reported income be higher or lower than the answer you computed..

  On december 31 2008 carver soldthe machinery for 80000

carver company purchased machinery on january 12007 at a cost of 200000. the machinery has an estimated usefullife of

  Explain the terms fiscal year, calendar year

How does the time period assumption affect an accountant's analysis of business transactions?

  How they should finance the wedding

Mary and Bob have been married for 25 years. They are both college professors. Mary makes $65,000 annually and Bob makes $75,000 annually.

  Describes the forms of substantiation a taxpayer

Which section of the IRC describes the forms of substantiation a taxpayer must maintain in order to claim valid business-related entertainment expense deductions?

  Problem related to the mm mutual fund

Using the data in the following table, assume you are using a constant-dollar plan with a rebalancing trigger of $1,500.

  Should report interest payable at december

In connection with this note, Universal Travel Inc. should report interest payable at December 31, 2013, in the amount of?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd