1 Semester 2, 2013 BUACC5901 Accounting and Finance Assignment 1. General information and due date This assignment constitutes 35 per cent of the assessment in this unit. The due date for lodgement will be 5pm on Friday 27 September 2013. The assignment is to be submitted via Moodle. 2. Purpose BUACC5901 is concerned primarily with the use of accounting information. The purpose of the assignment is to provide students with the opportunity to apply the knowledge and skills acquired in Accounting and Finance to a practical task involving the use of ‘real-world’ accounting information. This is intended to consolidate students’ accounting knowledge and skills. Students are required to complete the assignment in groups of two or three. The objective of such group work is to foster the development of co-operative work skills. 3. Requirements Students are to organise themselves into groups of two to complete the assignment. The basic requirement is to undertake a general financial analysis comparing Myer Holdings Ltd (Myer) (ASX Code MYR) latest financial position and performance for 2 Financial Years compared to that of David Jones (ASX Code DJS) over the same period. If the 2013 financial statements are released by Myer and David Jones by 10 September then you should prepare ratios comparing 2013 with 2012 performance for both entities. If the 2013 financial statements are released after 10 September then you should compare 2012 with 2011 performance for both entities. (Note: students are to use the ‘Consolidated’ data in conducting their analysis.) The analysis should consider each of: profitability, asset efficiency, liquidity, capital structure, and market performance. Note that for those ratios which involve Balance Sheet figures students will require the previous year’s financial statements (in addition to the latest report) to provide the beginning-of-year balance sheet figures.
2 The assignment will contain two main elements: Schedule(s) of relevant ratios and…