Accounting Concepts and Practices -Essay

?    BUACC 5930 – Accounting Concepts and Practices
?     Semester 2012/27
?    Group Assignment
You are a financial adviser at Sullivans, a respected stockbroking firm domiciled in Sydney. You have been asked to review the financial position and performance of Wesfarmers Limited to determine whether it should be recommended to clients as a worthwhile investment.
Required:
Go to the web site for Wesfarmers Limited (www.wesfarmers.com.au) and under Investor Centre access the company?s annual report for 2011.The company? s share price was $27.48 in 2010 and $31.85 in 2011.
The following information is provided from the 2009 report:
Shareholders? equity $ 24,248
Total assets 39,062
Inventories 4,665
Receivables 1,893
Total liabilities 14,814
For weighted average ordinary shares issued use the number of shares on issue at the end of each financial year.
Prepare a report for the CEO of your firm which should include:
a.    A calculation of all the financial ratios for 2010 and 2011 specified in your textbook (as per Figure 19.30) using consolidated figures.
b.    An overall assessment of the company and your recommendation on investing in the company.

Please note the following:
?    Format: Business report
?    Contribution to overall assessment: 20%
?    Length: 1500 ? 2000 words
?    Due date: ??
?    Your work must comply with the University?s General Guide for the Presentation of Academic Work. http://www.ballarat.edu.au/aasp/student/learning_support/generalguide/ch02s03.shtml
?    This is a group-assignment. Each group needs to have 2 to 3 members in it. Please organise yourselves into groups.
?    Please make sure that names and ID numbers of all group members are stated on the cover sheet of your submission.

As this is a group assignment, each member of a group is awarded the same mark. Working in groups has its pros and cons. I am sure that you will hold constructive and energetic group discussions on the issues at hand. In case of any disagreements, you will be able to resolve them in a democratic and rational way. There will be times when you may have to agree to disagree with each other. Invariably different group members bring different skills to a project; it is up to you to make the best of it. I believe one can learn a lot by discussing the issues with one?s colleagues.

If you happen to find your group members are ?not pulling their weight? or there are problems with any member?s commitment, then please try to resolve those issues amongst yourselves. Open and honest communication always helps. If you are unable to resolve these issues, you are most welcome to see me and we will try to sort out the problems together. Do this as soon as possible and certainly before the due date.

Please adapt this to suit your group, particularly the last two paragraphs.

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