Prepare a formal written report for Whadjuk Dreaming

After completing all the transactions detailed using Xero up to Week 5, students are required to prepare a detailed report on the financial performance of Whadjuk Dreaming as a GROUP.

The report should be written as though you are an accountant preparing the monthly financial reports for the Bindi, the sole owner of the Whadjuk Dreaming. As the owner, she is concerned about good business operations such as improving profitability and the market share, paying the bills on time, making sure the debtors pay in a timely manner, as well as managing the tax obligations and inventory. You should refer to analytical techniques to assess the profitability, liquidity, performance and financial position of the business using available accounting information after completing accounting transactions in the practice set. When preparing the report, you should take into consideration the nature of the business and identify what the business has done well as well as what could be improved. After a detailed analysis of the financial statements of the company, you should include in their report to the owner feasible recommendations that could help the business improve the business operations. Details relating to the proposed recommendations should be included in the report.

The report should be presented in a professional manner. Students can refer to Crosling, G.M., Murphy, H. M., Cotesta, P. V., & Sands, J. (2005). Writing and presenting in accounting. (2nd ed.). Sydney, LexisNexis for a sample of the structure and format of a formal written report.

A Typed Report is to be submitted Final report must be typed in 11 point font and presented in proper business report format with Xero reports as Appendix. The report should include an Executive Summary at the beginning and sub-headings in the main body of the report. The Xero reports listed in the marking guide should be included as Appendix. The suggested word length is approximately 1,500 words, excluding executive summary and references.