University : University of Wollongong UniLearnO is not sponsored or endorsed by this college or university.
Subject Code : ACCY918
Country : Australia
Assignment Task:

Report Details 
This assignment analyses CSL Limited using a variety of sources including; company annual reports, company websites, internet, newspapers, and articles. The analysis utilizes various management accounting processes, techniques, and methods that you learned in ACCY918 subject and its prerequisite subject ACCY901. The report should address the following requirements: 
A. Provide a brief summary of the company. Include details such as the industry sector, primary activities, and recent performance. The importance of this section is to effectively introduce the company, the nature of its business, identify the company’s profit drivers and key risks, etc. This should be written in paragraph format. 
B. Identify and comment on the Vision, Mission and key strategies of the company 
C. Provide a financial statement analysis of CSL Limited for 2019 using ratios and comment on the following aspects of the company 
I. Liquidity 
II. Efficiency 
III. Leverage 
IV. Profitability 
V. Market value 
VI. Overall financial performance and financial status.

D. Identify five measures that the company has taken to promote sustainability. 
E. Prepare analysis and summary of the major financial and non-financial strengths and weaknesses of the firm. Financial strengths and weaknesses are generally based on significant observations of your analysis (financial statements and ratios). Non-financial strengths and weaknesses are based more on anecdotal and specific evidence from research, etc. Based on your analysis in this section, indicate the company’s strategies for solving its problems and its outlook for the future. 
F. Use the figures in the consolidated income statement of the company annual report and 
prepare the followings on an Excel Spreadsheet: 
(i) Summarised absorption costing income statement for 2019 showing operating profit of the company (Hint: You may need to ignore some revenue and expense items presented in the current consolidated income statement and consider 2,504.0 operating profit as the bottom-line profit). 
(ii) Summarized contribution margin income statement for 2019. You may need to use appropriate cost classification methods and assumptions for this purpose. Assume all expenses are either variable or fixed except for cost of sales and selling and marketing expenses which should be classified as mixed costs. Cost of sales can be separated out to fixed and variables costs assuming that 40% of the total cost of sales in 2019 consist of fixed manufacturing overhead costs while selling expenses could be separated using high low method with annual sales units as the measure of unit level. You may consider sales for 2018 and 2019 as a measure of level of activity for estimating cost function. 
(iii) Budgeted income statement for 2020. This statement should be prepared using the contribution margin income statement you prepared in requirement (F.ii) above and making realistic and logical assumptions about the trends. You are not required to prepare operational budgets such as sales budget, production budget, to prepare a budgeted income statement. 
The excel file used for preparing the above three statements should consist of two sheets. The first sheet should be used to record any input data and assumptions that you use for your calculations. For example, data used with high-low in F(ii) above should be shown here. The second sheet of your excel file should show the output of the analysis (i.e. the three statements mentioned in (i) to (iii) above. Input and output sheets should be linked by formulas. In other words, the excel file should be readily available for sensitivity analysis (“what-if analysis”) i.e. if the manager change the input data or an assumption in the input sheet, he/she should be able to see the impact of the changes on the output sheet immediately. 
While only the three statements you prepare should be presented in the body of the report, the printouts of both sheets of the excel file should be submitted in appendices. The soft copy of the excel file should also be submitted through the link on the Moodle site. Please make sure to use as many formulas (cost functions) as possible to obtain required estimates and to clearly state the assumptions you make for calculating your estimated figures for 2020.. 
G. Managers regard relevance, accuracy, and timeliness as important characteristics of information. However, much of the accounting information provided to managers does not rank highly on these criteria, because some management accountants are tied to financial models of reporting. To regain their role as primary information provides, management accountants need to become more directly involved in the operation of data collection and reporting systems and move closer to the managers they are serving (McKinnon & Bruns 1992). In light of the above statement, provide 5 examples of information that management accountants can provide to managers of CSL Limited to assist them in managing company resources (example, customer profitability analysis to identify the most important customers of CSL Limited). 
H. Refer to the 2019 annual report of CSL Limited and answer the following questions. 
I. Can you identify cost objects in the annual report? If so, what are they? 
II. Can you identify a product cost in the annual report? If so, what is it? and how much is it? 
III. Identify three-period costs, and explain why they are period costs. 
IV. Would CSL Limited be able to make use of cost–volume–profit analysis within its business operations? Explain. 
V. Examine the segment information contained in the annual report and comment on the results. 
VI. After examining the annual report, conclude whether there is a budgetary system in operation in CSL Limited.  
VII. What would be the key element driving a budgetary system for CSL Limited? What budgets might the company prepare? 

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  • Posted on : April 20th, 2019
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