As a student who is pursuing accounting in Australia, you need to complete many assessments to get your degree. However, the concepts and practices involved in this field are incredibly complex and make it difficult for students to complete these assignments accurately on time. That is why today we will be discussing two different kinds of accounting assessments so that you can refer to them the next time you get stuck on a concept. Without wasting any more time, let us start. Task 1: Transurban is one of the most popular companies in Australia that builds toll roads in the country as well as overseas. Use the 2018 Transurban annual report to compare the financial results of this company between the years 2018 and 2019. What all information will you need to make an assessment?Answer- For proper financial performance analysis, the financial statements of these two years will have to be examined. You can start by giving a brief financial summary of the profit and revenue generated by this company. After this, you can include the following information in your BUACC5930 Accounting Concepts and Practices Assignment Answer:
If there was an increment in the performance of the company from the last year.
What was the role of the entity owner in making sure their company reached new heights and achieved stellar profits in 2019?
The relationship of the company with the government.
Are the government and the company working in sync to accomplish their sustainable development goals?
The net profit and how much of it is attributable to the different shareholders.
Other data that depicts the organisation’s performance in terms of the daily travellers, the collection from toll plazas, tax and depreciation, and the free cash flow that arises from the business.
If there is a decline in the current profitability of the company, find out the reasons. See if the tax imposed on them is becoming a burden and needs to be improved or are there any other reasons?
The current ratio that depicts the proportion of current assets and liabilities is an important source of liquidity for the enterprise.
You can wrap up your answer by discussing the financial highlights of the business so that the reader gets a different perspective on the company by comparing it with the past financial results. This will help you (and your audience) understand the areas in which the company excelled and what were the reasons for the same. The profitability of any business is determined by examining all the different factors that are responsible for the company’s economic growth. Task 2: Discuss the different methods through which Trans urban is meeting the UN sustainable development goals (SDGs) and justify their initiatives. Answer- Nine UN sustainable development goals are relevant to Trans-urban. They have to keep these in mind while looking to achieve their objectives and goals within a specified period. The nine goals that have to be included in your BUACC5930 assessment answer are:
Good health and well-being
Clean and affordable energy
Economic growth and decent work
Industry, innovation, and infrastructure
Sustainable communities and cities
Responsible production and consumption
Partnership for achieving these goals.
A company like Trans-urban needs to emphasise the need to meet these sustainable goals in a manner that satisfies the needs of the external and internal stakeholders of the company. An entity needs to care about these goals so that they can achieve their sustainable development objectives and keep their employees for a longer time. Trans-urban manages to do this in the following ways:
They have the vision to reduce the total ratio of mortality among their employees by introducing new health and wellness programs. This will help them encourage good health and well-being in the company.
Gender equality is an extremely important issue in today’s world. All companies around the world have a responsibility to eliminate this problem and promote both genders equally. One way to do this is to avoid discrimination in the workplace by giving equal opportunities to both genders.
This is just the tip of the iceberg. Trans-urban is employing various other methods to achieve UN sustainable development goals. Explaining all these aspects in detail is important to create an assignment that is true to the working nature of Trans-urban and receiving great marks.
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Archer Wilson is an academic blogger who has been working with Sample Assignment for over five years, holding a Ph.D. degree in English Literature. Apart from being a blogger, he also works as an Australian academic assistance through online tutoring expert for English in his idle time.
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