Demonstrates exceptional application of accounting theory and principles to financial reporting. Provides in-depth analysis of the most relevant financial ratios such as: Profitability, operating efficiency, financial stability, and/or Liquidity ratios.

Provides a comprehensive critique of the MYOB reports. Identifies and analyses multiple intricate issues related to the financial reports. Clearly and concisely draws information from the interpretation and analysis of the most relevant ratios to support the argument and provide a critical evaluation and strong advice to the client. The reasoning behind the opinions was evident, referring to the reports to support this advice.

Provides a thorough critique of non-financial and potential sustainability issues. Identifies complexities and evaluates their impact on organisational transparency and stakeholder trust.

Seb's Surf Supplies 68070 7 Runway Place, Cambridge TA 717 03 6231 276 Profit and loss report Accrual mode 01 Jan 2024 - 31 Jan 2024 Total Actual Last Year Variance $ Variance 4-0000 Income 4-1400 Sales Revenue 33,230.00 0.00 33,230.00 4-2000 Service and Repair Income 1,515.45 0.00 1,515.45 4-4000 Discount Received 201.82 0.00 201.82 Total Income 34,947.27 0.00 34,947.27 5-0000 Cost Of Sales 5-0600 Cost Of Sales 37,295.00 0.00 37,295.00 Total Cost Of Sales 37,295.00 0.00 37,295.00 Gross Profit (2,347.73) 0.00 (2,347.73) 6-0000 Expenses 6-1120 Advertising & Marketing 189.56 0.00 189.56 6-1300 Depreciation 551.57 0.00 551.57 6-1430 Electricit 33.0 0.00 33.00 6-1550 Insurance 200.00 0.00 200.00 6-4000 Payroll Expenses 6-4100 Payroll - Wages & Salaries 5,395.00 0.00 5,395.00 6-4200 Payroll- Superannuateon 550.00 0.00 550.00 Total Payroll Expenses 5,945.00 0.00 5,945.00 6-4460 Telephone & Internet (160.45) 0.00 (160.45) 6-4461 Office Supplies Expense 172.73 0.00 172.73 6-4462 Interest Expense 68.00 0.00 68.00 Total Expenses 6,999.41 0.00 5,999.41 Operating Profit (9,347.14) 0.00 (9,347.14) Net Profit (9,347.14) 0.00 (9,347.14) Q L DP zoom C ? myhips%20Surf%20Supplies/Trial%20Balance%20Report.pdf sk Copilot + + 1 of 2| 2 1 CD e report Account name YTD Debit ($) YTD Credit ($) Cash at Bank $13,405.00 Bank Account 2 $14,651.00 Electronic Clearing Account $4,004.00 Accounts Receivable $40,953.00 Inventory $24,235.00 Office Supplies $877.27 Prepaid Insurance $1,120.00 Prepaid Rent $4,000.00 Prepaid Advertising Expense $1,171.48 Motor Vehicle $36,000.00 Accumulated Depreciation-MV $14,269.24 Accum. Depreciation- Office Equip $1,613.33 Furniture and Fittings at Cost $7,560.00 Acc. Depr-Furniture & Fittings $1,449.00 Office Equipment $4,400.00 GST $2,019.32 GST collected $6,814.00 GST Paid $6,275.00 Wages Payable $1,118.00 Electricity Payable $460.00 PAYG Withholding Payable $1,826.00 Interest Payable $68.00 Unearned Sales Revenue $3,333.00 I Bank Loan $18,000.00 Owner's Capital $50,000.00 Retained Earnings $29,719.00 Sales Revenue $33,230.00 Service and Repair Income $1.515.45 Discount Received $201.82 Cost Of Sales $37,295.00 Advertising & Marketing $189.56 Depreciation $551.57 Electricity & Gas $33.00 Insurance $200.00 Payroll - Wages & Salaries $5,395.00 Payroll- Superannuateon $550.00 $160.45 Telephone & Internet Office Supplies Expense $172.73 Interest Expense $68.00+ esktop/Seb's%20Surf%20Supplies/Trial%20Balance%20Report.pdf a Ask Copilot + 2 of 2 2 | ED Account no Account name YTD Debit ($) YTD Credit ($) Grand total $184,451.61 $184,451.61 Net profitX e/Desktop/Seb's%20Surf%20Supplies/Seb's%20Surf%20Supplies%20680703%20-%20Balanc Ask Copilot 1 of 2 | 2 1 ED Balance sheet report Accrual mode 31 Jan 2024 Total Actual Last Year Variance $ Variance % 1-0000 Assets 1-1000 Current Assets 1-1100 Bank Accounts 1-1110 Cash at Bank 13,405.00 0.00 13,405.00 1-1120 Bank Account 2 (14,651.00) 0.00 (14,651.00) Total Bank Accounts (1,246.00) 0.00 (1,246.00) 1-1171 Electronic Clearing Account (4,004.00) 0.00 (4,004.00) 1-1200 Accounts Receivable 40,953.00 0.00 40,953.00 1-1320 Inventory 24,235.00 0.00 24,235.00 1-1321 Office Supplies 877.27 0.00 877.27 1-1322 Prepaid Insurance 1,120.00 0.00 1,120.00 1-1323 Prepaid Rent 4,000.00 0.00 4,000.00 1-1324 Prepaid Advertising Expense 1,171.48 0.00 1,171.48 Total Current Assets 67,106.75 0.00 $7,106.75 1-2100 Property, Plant & Equipment 1-1963 Motor Vehicle 36,000.00 0.00 36,000.00 1-2111 Accumulated Depreciation-MV (14,269.24) 0.00 (14,269.24) 1-2121 Accum. Depreciation- Office Equip (1,613.33) 0.00 (1,613.33) 1-2130 Furniture and Fittings at Cost 7,560.00 0.00 7,560.00 1-2131 Acc, Depr-Furniture & Fittings (1,449.00) 0.00 (1,449.00) 1-2133 Office Equipment 4,400.00 0.00 4,400.00 Total Property, Plant & Equipment 30,628.43 0.00 30,628.43 Total Assets 97,735.18 0.00 97,735.18 2-0000 Liabilities 2-0010 Current Liabilities 2-1211 GST Liabilities 2-1212 GST 2,019.32 0.00 2,019.32 2-1213 GST collected 6,814.00 0,00 6,814,00 2-1214 GST Paid (6,275,00) 0,00 (6,275.00) Total GST Liabilities 2,558 32 0.00 2,558.32 2-1300 Accrued expenses 2-1301 Wages Payable 1,118.00 0,00 1,118.00 2-1302 Electricity Payable 460,00 0.00 460.00 Total Accrued expenses 1,578.00 0.00 1,578.00 2-1350 PAYG Withholding Payable 1,826.00 0.00 1,826.00 2-1400 Interest Payable 68.00 0.00 68.00 2-1401 Unearned Sales Revenue 3,333.00 0.00 3,333.00 Total Current Liabilities 9,363.32 0.00 9,363.32 2-2000 Non Current Liabilities Q L T 200m myhDrive/Desktop/Seb's%20Surf%20Supplies/Seb's%20Surf%20Supplies%20680703%20-%20Ba A | at Ask Copilot + 2 of 2 0 | CD Seb's Surf Supplies 680703 | Balance sheet report | Generated 28 Apr 2024 Page 1 of 2 Total Actual Last Year Variance $ Variance % 2-2106 Bank Loan 18,000,00 0.00 18,000.00 Total Non Current Liabilities 18,000.00 0.00 18,000.00 Total Liabilities 27,363.32 0.00 27,363.32 Net Assets 70,371.86 0.00 70,371.86 3-0000 Equity 3-3000 Owner's Capital 50,000.00 0.00 50,000.00 3-8001 Retained Earnings 29,719.00 0.00 29,719.00 3-9000 Current Year Profit/(Loss) (9,347.14) 0.00 (9,347.14) Total Equity 70,371.86 0.00 70,371.86 200m e myhp O