Assignment for Submission
Subject: BUACC 5930, Accounting Concepts and Practices
Semester 1, 2019
This is a Group Assignment. This is due in week 10 or 11.
All questions must be completed.
Question 1.
Transurban is a company that primarily builds Toll roads in Australia and overseas.
The 2018 Annual report for the Company is provided at the following address https://www.transurban.com/about-us/reporting
Using the 2018 annual report to compare the financial results of the Company between 2017 and 2018. You should use any financial information provided in the 2018 reports (including ratios, and narratives) to conclude on the improvements or not in financial position and profitability. You discussion should focus on reasons for this (the Group financial statements appear on Page 54 of the report).
What other information would you need to make an assessment of Transurban?
Word Limit 1000 words, Marks = 40 Question 2.
The 2018 FY18 UN Sustainable Development Goals progress report is provided at the following address
https://www.transurban.com/content/dam/transurban-pdfs/01/sustainability-reports/FY18-Sustainability-Report-SDG.pdf
Use this information to explain how Transurban is meeting the UN Sustainable Development Goals (SDGs). What is your opinion of these initiatives?
Word Limit 750 words, Marks = 30
Question 3:
Problem 9.6 Rochelle Graves Ltd, page 392 Weygant et al., (2013)
Question 4.
Comparative Financial data at 30 June for Harry’s Hardware is as follows.
2017 2018
Cash at Bank 16,400 19,000
Inventories 40,000 52,000
Receivables (net) 16,400 15,000
Prepaid Insurance 600 700
Long term investments 14,000 20,000
Motor vehicles 84,000 90,000
Accumulated depreciation – motor vehicles (26,000) (36,000)
Total Assets 145,400 160,700
Accrued sundry expenses 350 275
Accounts Payable 20,000 14,000
Long term loan 35,000 25,000
Capital 90,050 121,425
Total Equities 145,400 160,700
Harrys Hardware Income Statement
for year ended 30 June 2018
Income: $ $
Sales 450,000
Gross proceeds from sale of motor vehicle 3,000 453,000
Expenses:
Cost of sales 320,000
General expenses including depreciation 68,000
Carrying amount of motor vehicle sold 2,000 390,000
Profit 63,000
Additional Information
The vehicle which was sold had originally cost $10,000. Required:
Prepare a Cash Flow Statement for Harrys Harware for the year ended 30 June, 2018 from the above information given (note that you should use the Direct Approach).
(15 marks)
BUACC5930, Group Assignment Marking Scheme
Names: Student Numbers:
Bases of assessment Marks Possible
Question 1
Comparing the financial results of the Transurban group from 2017 to 2018.
Use of key results (and their explanation) including ratios and narrations (15 marks).
Discussion on the improvements or not in financial position and profitability, and reasons (15 marks).
What other information would you need to make an assessment of Transurban? (10 marks) / 40
Question 2.
Examination of how Transurban is meeting the UN Sustainable Development Goals (SDGs) (10 marks)
How do you rate the sustainability of Transurban? (20 marks). / 30
Question 3
Presentation and Accuracy of all parts / 10
Question 4
Presentation and Accuracy of all parts / 15
Overall Presentation – including cover page, line spacing, page numbering, referencing. / 5
Total / 100