Assignment - ACC00151 Financial Accounting Report on the ratio analysis for your MYOB fictional business (worth 5%)

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Assignment - ACC00151 Financial Accounting

Report on the ratio analysis for your MYOB fictional business (worth 5%)

Produce Financial Statements and Calculate Ratios

The objective is to produce and analyse financial statements in order to communicate in a report reliable and relevant information for decision making purposes. First you will need to produce the end of period Financial Statements for your business. Use the MYOB Reports function and select the standard Balance Sheet as at the year-end date (e.g., 30 June 2018) and the Profit & Loss Accrual for the whole period (e.g,. 1 July 2017 to 30 June 2018).

The information in these two reports are to be used to calculate the ratios. Print out the balance sheet as at the end of the accounting period and the Profit & Loss Accrual for the whole period (or export to excel which can then be copied into the report for the appendices). Using the data from the two financial statements calculate the six ratios in the table provided below (*assume NO Tax is a payable)

Write Report

Then, using your knowledge of Financial Statement Analysis, write a short comment on each ratio, based on your findings in a one page report (plus the Balance Sheet and Income Statement are required as appendices). The objective is to report on the liquidity, solvency, and profitability of the business to assist the owners and other external users in decision making regarding the business. The report ( put your name and student number in the title ) is to be submitted via Turnitinin WORD format.

The following rubric will assist you in determining the criteria for the report.

100% - 5 marks	High Distinction	Distinction	Credit	Pass	Fail
Calculating the ratios (40% – 2 marks)	All the ratios are calculated correctly, including all the required formula, inputs and results.	The ratios are calculated correctly with minor errors or omissions from the financial statements.	Most ratios are calculated correctly with minor errors or omissions from the financial statements.	Some of the ratios are calculated correctly due to significant errors from the financial statements.	None of the ratios are calculated correctly, major errors from the financial statements.
Discussion of ratio analysis (55% – 2.75 marks	Discussion demonstrates concise and insightful interpretation of the ratios for the business.	Discussion demonstrates concise and accurate interpretation of the ratios for the business.	Discussion demonstrates accurate interpretation of the ratios for the business.	Generally the analysis is too brief. Discussion is focused on describing the ratios with limited interpretation for the business.	No real analysis or discussion offered.
Presentation (5% - 0.25 marks)	Clear, concise and logically structured presentation.	Presentation is well structured and included the formula, inputs and results.	Presentation includes the formula, inputs and results.	Presentation is adequate, however lacks clarity.	Presentation is unclear and missing many required elements.