requires a group to undertake some research the assignment aims to develop understan 486237

Assessment 2 Accounting for Business Decisions –HI5001 Note: This assignment carries 30% weightage. Students not to worry about the marks shown in each section as the marks shown in each section are to help the lecturers mark. Due Date: Week 10 before 5.00 pm. Group Assignment is divided into 2 Sections: Section A and Section B. Each with 15% marks with a total of 30%. Students are advised to use Microsoft Excel wherever necessary. Section A. Requires a group to undertake some research, the assignment aims to develop understanding of financial statements and their use in decision-making. The task is to analyse and compare 2 publicly listed companies specifically in the same industry, (use ASX’s website to select a company) and be able to understand the structure of financial statements. 1) The group needs to give a general overview of the company regarding its Mission Statement, Vision Statement and business structure. (9 marks) 2) Review (Compare) the Last 2 years balance sheet (pref: 2011 and 2010) of the 2 companies and indicate the following: (3 marks) ? The amount of total current assets ? The amount of total non-current assets ? The amount of total current liabilities ? The amount of total non-current liabilities ? The amount of total stockholder’s equity 3) Review the most recent year’s(pref: 2011 and 2010) income statement and indicate the following: (3 marks) • total (operating) revenues • cost of goods sold (if listed) • total expenses (before income taxes) • any non-operating (or extraordinary) gains and losses; and • Earnings per common share. 4) Review the statement of cash flows for the most recent year (pref: 2011 and 2010) and indicate the following: (3 marks) • net cash inflow (outflow) from operating activities; • net cash inflow (outflow) from financing activities; • net cash inflow (outflow) from investing activities; and • net increase (decrease) in cash during the year. 5) With…