Company Report--Suncorp

  Find the most recent annual report for your company and answer the following questions in your own words. 1. Introduction: Explain in your own words what the business does to earn a profit? Explain in detail in your own words: • the product or service they provide • what activities they need to do to provide this product or service • who the customers are • where does the company do its business You may include any images from the Annual Report to help explain your answer. Please make sure you include in-text citations for all images used. You may also need to look on the company website to answer all these questions. 2. Find the Income Statement in the most recent annual report. Take a screenshot of the Income Statement and include this in your answer. Explain: What story does the Income Statement tell about the company? • List the main revenue account and amounts: o calculate the increase/decrease o perform horizontal analysis o Explain why the changes have occurred, and any key points using information from the annual report • List the main expense account and amount: o calculate the increase/decrease o perform horizontal and vertical analysis o Explain why the changes have occurred and any key points using information from the annual report. • Give the net profit amount: o calculate the increase or decrease o perform horizontal and vertical analysis o Give an overall summary as to the performance of the company and why any changes have occurred. This needs to all be written in your own words, remembering to include in-text citations. 3. Balance Sheet and the Notes to the Financial Statements: Take a screenshot of the Balance Sheet and include this in your answer. Choose Receivables or Inventory from current assets. Make sure it also has an accompanying note. • List the asset chosen and the amount for both years. • Calculate the difference. • Do horizontal analysis on this asset • Do vertical analysis on this asset • Discuss what this analysis shows. • Find the accompanying note for this asset, take a screen shot and include this in your answer. • Summarise the information found in this note. • Why does the company include this note in the annual report? How is this relevant to users? 4. Independent Audit Report: Find the independent audit report. Include a screenshot in your answer. Answer the following questions in your own words: • What is the name of the business that conducts the audit? • What information is included in the independent audit report? • Find the audit remuneration in the notes. Take a screenshot, and include this in your answer. How much was the auditor paid to do the audit in the most recent year? (This information is found in the notes to the financial statements) 5. Newspaper article: find a recent (after June 2017) newspaper article relating to your company. Take a screenshot of the article and copy it into your report. (Look at: smh.com.au, theaustralian.com.au, theage.com.au) • Give a summary in your own words of the article. • How does this relate to the information in the annual report? Format: In your answer you may use headings, subheadings and bullet points. Please check your writing is presented professionally and all work is written in your own words. All answers should include in-text citations and references. Words: 1000-3000 words Due: Submitted to turnitin by the Saturday at the end of week 9. Hand in the PDF copy of the turnitin originality report in tutorials in week 10. This is the document that shows all the similarities highlighted, printed from turnitin. Your turnitin percentage should be less than 25%. All assignments must include a signed cover sheet and the turnitin PDF. Turnitin: less than 25% UTS Online Quiz 5% • Reference: Financial ACCT2 Chapter 5 Cash and Internal Controls Questions: 15 multiple choice questions about Cash and Internal Controls The Quiz is available on uts-online during week 10, and must be completed within the dates given.

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