Question
a. Research any two companies in a similar field (i.e. producing similar goods or services) using the library and internet resources. Download their annual reports
a. Research any two companies in a similar field (i.e. producing similar goods or services) using the library and internet resources. Download their annual reports for the year, preferably 2019 or 2020, and answer the questions below. b. If you have access to the company's information, you may want to use their summary of the profits and loss account, the balance sheet, and the cash flow statement and report the figures over the last five years. c. Attend a Library session to be guided on aspects such as referencing, writing, searches, etc. d. Search for, and summarise journal articles and other material related to your assignment (Remember always to include citations from your sources). e. Remember to read through the Graduate Attribute 6 rubric in section 21 of this learner guide before you start researching and writing your assignment report, as this rubric will be used to determine your competency in Graduate Attribute 6: Professional and Technical Communication. f. The department expects learners to demonstrate the: Understanding of nature and complexity of the accounting problems, in terms of required practices, tools and techniques; Judgements in decision making during problem solving and design are ethical and within acceptable boundaries of current competence; and Decision making is limited to the area of current competence and responsibility. i. Using financial statement ratio analysis to determine the following for each of the two companies you selected for the latest of the two years you have to financial statements for (you can use multiple ratios for each element): Profitability Efficiency Liquidity Investment Financial gearing ii. Analyse and discuss the differences observed between the two companies, based on your results from (i), iii. Perform a direct analysis by looking at aspects like turnover, gross profit, net profit etc., between the selected companies. iv. Evaluate the two companies and discuss the differences between the results obtained in (ii) and (iii). v. Identify and explain difficulties when analysing two different companies in terms of the two methods used for your analysis ii and iii above). vi. Analyse the companies' financial reports and describe any positive, uplifting stories about activities and accomplishments done in the past year in their financial reporting.vii. Which of these two companies would you rather work for? Explain your answer.
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