AFA1105 ACCOUNTING FOR MANAGEMENT :
Bachelor of Tourism and Hospitality Management
AFA1105 ACCOUNTANCY FOR MANAGEMENT
AFA1105 ACCOUNTING FOR MANAGEMENT (2023 Semester 1)
AFA1105 ACCOUNTANCY FOR MANAGEMENT TASK:
Download from LMS a copy of Qantas Airways Limited’s (the Company) annual reports for the financial years 2019, 2020, 2021, and 2022 and write a AFA1105 ACCOUNTANCY FOR MANAGEMENT report of the Company under the following sections.
Use the below Format:
A) EXECUTIVE SUMMARY (5 marks. Approximately 200 words)
This section should be written up after your AFA1105 ACCOUNTANCY FOR MANAGEMENT report has been written. It should give a summary of your main findings about Qantas Airways Limited in terms of its Profitability, Liquidity, Asset Efficiency, Capital Structure and Market Performance over the years.
B) COMPANY OVERVIEW (5 marks. Approximately 200 words)
This section should give the reader a broad sense of the Company’s operations (for example, its main operations, the number of locations, the regions they operate in, the industry and competitors etc.).
Such information is readily available online and in the Directors’ Report in the 2022 annual AFA1105 ACCOUNTANCY FOR MANAGEMENT report. Please reference your sources.
C) Analysis (40 marks. Approximately 1000 words)
- 1. Trend analysis
Using trend analysis and the 2019 year as the base year, calculate the trend for Total revenue and net profit after tax up to including the 2022 financial years.
Graph the trends from your findings from 2019 and up to and including the 2022 financial year. (10 Marks)
- 2. Vertical analysis Using a Vertical
- Calculate each item in the 2022 profit and loss, with revenues at the base index of 100 (7.5 marks)
- Calculate each item in the 2022 balance sheet as a percentage of assets and liabilities. (7.5 marks)
3. Ratio analysis (15 marks)
Calculate the following ratios from the Company’s 2022 and 2021 financial statements and notes to financial statements based on what you were taught.
Explain what the ratios mean in general and comment on what they tell about the Company’s performance. Examine and explain how the ratios are trending, and comment/explain if the trend is favourable or unfavourable.
Use Profit after Income Tax Expense and Sales Revenue, Total Revenue, Total Equity and Total Assets in the Statement of Financial Position.
|Return on Equity (ROE)||Net Profit After Tax / Average Equity (%)|
|Return on Assets (ROA)||Net Profit After Tax / Average Assets (%)|
|Net Profit Margin||Net Profit After Tax / Total Revenue (%)|
Calculate Current Ratio and Quick Asset Ratio for the years 2022 and 2021. Show it in a table as in the previous sections and comment on the Company’s liquidity position.
Use Total Current Assets and Total Current Liabilities in the Statement of Financial Position.
|Current Ratio||Current Assets/Current Liabilities|
|Quick Ratio||(Current Assets – Prepayment – Inventory)/Current Liabilities|
D) Conclusion (5 marks. Approximately 100 words)
This AFA1105 ACCOUNTANCY FOR MANAGEMENT section summarises your discussion’s key points and summarises the key findings, outcomes or information in your AFA1105 ACCOUNTANCY FOR MANAGEMENT report.
Include your references below
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