Question
A 10-15 minute oral discussion/presentation relating to discussion of the purpose of key financial statements and this must illustrated with a brief review of Wesfarmers
A 10-15 minute oral discussion/presentation relating to discussion of the purpose of key financial statements and this must illustrated with a brief review of Wesfarmers limited as reported by key elements contained therein and a brief examination of contemporary reporting items related to Sustainable Development Goals
Items for discussion (but not limited to...)
1. Objective of Financial Reporting
2. The users of financial statements and their reporting needs
4. Nature and purpose and strategy of company. Briefly discuss any 2 strategic objectives o of the company.
5. Highlights of business 2018 report Discuss any major highlights of the company
6. Sustainable Development Goals Purpose of Sustainable Development Goals State and Review any two goals that this company has achieved
7. Business Risk Review and discuss any two that could impact on the financial performance of the company in the future. Review Financial statements
8. Profitability of the company Did profitability improve since the last financial year. o What are the main sources of income. o What is the largest expense of the company, briefly discuss what it related to.
9. Changes in equity Comment if total shareholder equity increased or not? For the current year, did the company o Issue shares and/or o pay a dividend.
10. Cash flow statement Briefly comment on the following movements from current year to previous year: o Cash and cash equivalents at the end of the year, what were the movements?
11. Statement of Financial position Briefly comment on the Net Assets (as represented by shareholders equity) increase or decrease. Briefly comments on the most significant asset (ito value) Briefly comment on the PPE (what is the value and what does it comprise of) Comment on the most significant liability (ito value)
12. Potential investment in this ASX company Briefly comment on, if you were a potential investor, would you investor in the shares of this ASX company, state your reasons.
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