Draft Assignment

7/23/2019 Draft Assignment

http://slidepdf.com/reader/full/draft-assignment 1/17

ACCT11059 USING ACCOUNTING

FOR DECISION MAKING

ASSIGNMENT STAGE 1 (ASS#1):

Student Name: Emma Walker

Student Number: S0239551

Coure Coord!nator: Maria Tyler

Due Date: 10th Deem!er 2015

Emma Walker A""T11059 A$%&ti&' $r Deii$& Maki&' *a'e 1St%+e&t #: S0239551



Ste, 1: *er$&al *r$ile - .l$'My ,er$&al ,r$ile $& M$$+le i a $ll$/ a&+ a& !e $%&+ !y $ll$/i&' thi li&k

htt,:m$$+le%e+%a%%er,r$ile,h,i+42215 My !l$' a& !e $%&+ a&+ $ll$/e+ 6ia

thi li&k htt,:$%t&%m!ere+!y&%m!er!l$',$t$ma%

7i8

My &ame i Emma Walker I am 2 year $l+ a&+ r$m Sy+&ey

I am t%+yi&' my .ahel$r $ .%i&e ma;$ri&' i& marketi&' a&+ am ,la&&i&' $&

'ra+%ati&' i& early 201 I %rre&tly /$rk $r a mall metal !e+ ma&%at%ri&' $m,a&y

ma&a'i&' the marketi&' $r thi !%i&e a&+ it iter $m,a&ie a /ell I ha6e ha+ $6er

year< e=,erie&e i& marketi&' r$le a&+ am 6ery ,ai$&ate a!$%t marketi&'8 i& ,arti%lar

$&%mer !eha6i$%r

>%ti+e $ my areer8 I ,%rhae+ a h$%e /ith my the& !$yrie&+ (&$/ h%!a&+) i& 20108 I

/a marrie+ i& 2013 a&+ /e are &$/ l$$ki&' $r/ar+ t$ tarti&' a amily t$'ether

?$% a& $ll$/ my !l$' at $%t&%m!ere+!y&%m!er!l$',$t$m

I l$$k $r/ar+ t$ meeti&' y$% all $6er the $%re $ thi %!;et

@i&+ re'ar+8

Emma Walker

Ste, 2: I+e&tiyi&' My "$m,a&yWe reei6e+ $%r $m,a&ie a little $6er a /eek '$ &$/ /hih ,r$6e+ t$ !e 6ery e=iti&' The

$m,a&y I am t$ re6ie/ i "alte= A%tralia imite+

S$8 /hy i thi $ e=iti&' $r me "alte= A%tralia are %el %,,lier a&+ retailer8 /h$ ha6e

er6ie tati$& a&+ rei&erie ar$ A%tralia a&+ they ha6e a rei&ery ;%t %, the r$a+ r$m

/here I rei+e /ith my h%!a&+ N$/8 !e$re y$% '$ thi&ki&' h$/ %&$rt%&ate that mi'ht !e8

let me $me trai'ht t$ their +ee&eB The "alte= Cei&ery8 a&+ "alte= A%tralia themel6e

+$ $ m%h $r $%r little $mm%&ity here i& @%r&ell @%r&ell i a little ,e&i&%la8 a mall

%!%r! $%th $ Sy+&ey E6ery$&e h$%l+8 h$/e6er $te& are&t amiliar /ith @%r&ell8 ater


https://moodle.cqu.edu.au/user/profile.php?id=22175

http://outnumberedbynumbers.blogspot.com.au/

http://outnumberedbynumbers.blogspot.com.au/

https://moodle.cqu.edu.au/user/profile.php?id=22175



all it i the !irth ,lae $ A%tralia "a,tai& "$$k irt la&+e+ i& .$ta&y .ay (@%r&ell) $&

29th A,ril 10 a&+ +i$6ere+ A%tralia N$/8 I am 'etti&' $ trak talki&' a!$%t the

%!%r! I ha6e $me t$ l$6e $ m%h a&+ &$t "alte= A%tralia Alth$%'h8 ,art $ the rea$& I

l$6e thi %!%r! a&+ am ,r$%+ t$ all it my h$me at%ally ha a l$t t$ +$ /ith "alte=

A%tralia "alte= A%tralia 'i6e a l$t !ak t$ $%r little $mm%&ity8 they make +$&ati$& t$ the

l$al ,rimary h$$l /hih all$/ them t$ %,+ate their ailitie They al$ ait i& r%&&i&'

a Sa&ta 6iit $r the ki+ e6ery "hritma E6e i& $&;%&ti$& /ith the l$al ire Stati$&

Fi&' their %&+8 Sa&ta $me ar$%&+ i& a +e$rate+ ire e&'i&e ha&+i&' $%t l$llie a&+

6iiti&' the ki+ They +ri6e the /h$le /ay ar$%&+ the %!%r! a&+ e6ery hil+ /ait

e&th%iatially $%ti+e their h$me $r Sa&ta t$ $me ,at It< 6ery ,eial a&+ $methi&'

that they &ee+ &$t $r'a&ie a&+ it i&t at all ,r$m$te+ !y them t$ a&y$&e $%ti+e $ the

%!%r! It< &$t the ty,e $ i&$rmati$& y$%ll i&+ $& their /e!ite $r i& their a&&%al re,$rt

!%t it ertai&ly im,at the $mm%&ity a&+ there i $ m%h m$re that they +$ $r @%r&ell

$r th$e $ y$% /h$ are&t amiliar /ith "alte= A%tralia8 they are %el %,,lier a&+

$&6e&ie&e retailer /h$8 a$r+i&' t$ their $m,a&y ,r$ile8 eat%re the 6ery !et

$,erati$&al e=elle&e i& %,,ly8 rei&i&'8 l$'iti a&+ marketi&' I am %re that m$t $ the

A%tralia& !ae+ t%+e&t ha6e %e+ a "alte= er6ie tati$& !e$re8 I k&$/ there are t/$

er6ie tati$& l$al t$ me /hih I ha6e %e+ i& the ,at a&+ there are ma&y m$re ar$

Sy+&ey a&+ A%tralia They are al$ $&e $ A%tralia< lar'et $&6e&ie&e retailer a&+

ra&hie8 /ith $6er 5 $ it t$re $,erate+ !y ra&hiee A$r+i&' t$ their "$m,a&y

7it$ry ,a'e8 their Hr$$tH '$ !ak t$ 1900 h$/e6er "alte= irt $,e&e+ rei&erie i& the

1950 a&+ 190 /ith Am,$l !ei&' their lar'et $m,etit$r h$/e6er !$th $m,a&ie /ere

mall i& the market I& 1995 "alte= a&+ Am,$l mer'e+ a&+ !eame the lar'et rei&erJ

marketer i& A%tralia I y$% /$%l+ like t$ lear& m$re a!$%t "alte=8 hek $%t their /e!ite

here htt,:///alte=$ma%*a'e+ea%lta,=

I ha6e $%&+ a&+ i+e&tiie+ /here "alte= A%tralia ha their a&&%al re,$rt a6aila!le a&+ I

ha6e +$/&l$a+e+ the ,at three year $ thee $r re6ie/8 I ha6e i&l%+e+ the li&k !el$/ i

y$% /$%l+ al$ like t$ ha6e a l$$k at thee

"01# Annua$ Re%ort

htt,:///alte=$ma%I&6et$r"e&treD$%me&t201K201K20A&&%al20Ce,$rt,+


http://www.caltex.com.au/Pages/default.aspx


http://www.caltex.com.au/InvestorCentre/Documents/2014/2014%20Annual%20Report.pdf%20%C2%A0


http://www.caltex.com.au/InvestorCentre/Documents/2014/2014%20Annual%20Report.pdf%20%C2%A0



"01& Annua$ Re%ort

htt,:///alte=$ma%I&6et$r"e&treD$%me&t2013201320A&&%al20Ce,$rt,+

"01" Annua$ Re%ort

htt,:///alte=$ma%I&6et$r"e&treD$%me&tA&&%alCe,$rt"alte=

20201220A&&%al20Ce,$rt,+

With ;%t a !rie l$$k $6er the 201K a&&%al re,$rt I ha6e lear&t $me &e/ at a!$%t "alte=

A%tralia /hih I ha6e i&l%+e+ !riely !el$/

• "alte= A%tralia are the $&ly ma;$r !ra&+ lite+ $& the A%tralia& Se%ritie E=ha&'e

• Their i&a&ial year r%& r$m 1t La&%ary thr$%'h 31t Deem!er8 %&&ily e&$%'h

thi i&teret me a I ha6e $&ly e6er !ee& i&6$l6e+ i& $m,a&ie /ith the i&a&ial

year !e'i&&i&' 1t L%lyJ30th L%&e

• Theyre hare ,rie i&reae+ !y 1 r$m 31t Deem!er 2013 (2005) t$ 31t

Deem!er 201K (3K21)

• They /ill !e +i$&ti&%i&' the rei&i&' $ $il at the @%r&ell Cei&ery a&+ it /ill

i&tea+ !e a %el im,$rt termi&al Thi $&6eri$& $mme&e+ i& 2012

• Their tateme&t are et $%t i& &arrati6e $rmat

• All $ "alte= A%tralia tateme&t are $&$li+ate+ tateme&t Whe& reearhi&'

/hat a $&$li+ate+ i&$me tateme&t /a8 I ame ar$ thi +ei&iti$& $%&+ $& the

I&6et$r G%i+e /e!ite a a& i&$me tateme&t $r a 'r$%, $ e&ter,rie a&+ it

,are&t $m,a&y a a /h$le

• A$r+i&' t$ their $&$li+ate+ i&$me tateme&t their re6e&%e i +$/& i&

$m,ari$& t$ 2013 I& 2013 their re6e&%e /a 2K883300 i& 201K h$/e6er it

/a re$r+e+ at 2K8231820000 W$%l+ thi !e a releti$& $ the /$rk $%rri&' at

the @%r&ell ,la&t

• The $&$li+ate+ i&$me tateme&t $r the year e&+e+ 31 Deem!er 201K i&l%+e

i'&iia&t l$e $ 108138000 /hih8 a tate+ i& the &$te8 /ere im,ate+ lar'ely

!y the $&6eri$& $ the @%r&ell Cei&ery /hih i&l%+e+ rem%&erati$& ,ayme&t8

$&%lti&' ee et

Emma Walker A""T11059 A$%&ti&' $r Deii$& Maki&' *a'e KSt%+e&t #: S0239551

http://www.caltex.com.au/InvestorCentre/Documents/2013/2013%20Annual%20Report.pdf

http://www.caltex.com.au/InvestorCentre/Documents/AnnualReports/Caltex%202012%20Annual%20Report.pdf%20%C2%A0


http://www.caltex.com.au/InvestorCentre/Documents/2013/2013%20Annual%20Report.pdf





At thi early ta'e $ i&6eti'ati$& i&t$ my $m,a&y< a&&%al re,$rt8 the $ll$/i&' are $me

%eti$& I ha6e *leae !ear /ith me8 I am &e/ t$ a$%&ti&' a&+ am t$tally i&timi+ate+ !y

&%m!er8 I eel like I alm$t !e$me illiterate /he& it $me t$ a$%&ti&' a&+ mathemati

• "alte= A%tralia imite+ tate that they are a $m,a&y limite+ !y hare8

i&$r,$rate+ a&+ +$miile+ i& A%tralia What +$e thi mea&

• "alte= $&ly %e $&$li+ate+ tateme&t8 there are &$ e,arate tateme&t Are they

&$t re%ire+ t$ %!mit tateme&t ,er e&tity I thi !ea%e they are al$ ra&hie+

• Withi& the $&$li+ate+ i&$me tateme&t a&+ $ther tateme&t $r that matter8 %&+er

the re6e&%e i'%re all the $ther i'%re are h$/& i& !raket ie *r$+%t D%tie a&+

Ta=e Are they h$/& i& !raket !ea%e they are a l$ Are !raket re,lai&' the

mi&% ym!$l

I h$,e thee are &$t t%,i+ %eti$&8 a I me&ti$&e+8 thi i my irt a$%&ti&' %!;et a&+ I

am like a ih $%t $ /ater

.ei&' a l$al t$ the @%r&ell Cei&ery I /a a/are $ it $&6eri$&8 /e $te& reei6e mail

a!$%t it r$m them8 h$/e6er8 I /a &$t a/are $ the $t i&6$l6e+ Ma&y $ the /$rker li6e

l$ally8 i& at8 my &ei'h!$%r /a $&e ta mem!er /h$ /a ma+e re+%&+a&t a&+ ater $6er

25 year $ er6ie8 I /a a/are that he /a 'i6e& %ite a 'e&er$% re+%&+a&y I +i+ a little

reearh $r &e/ artile a&+ ame ar$ the $ll$/i&'

Thi $&e artile ,%!lihe+ i& the Sy+&ey M$r&i&' 7eral+ e=,lai& h$/ %, t$ 30 ;$! /ill !e

l$t8 !$th +iret a&+ $&trati&' r$le8 a a re%lt $ the @%r&ell Cei&ery "$&6eri$&

htt,:///mh$ma%!%i&ealte=Ja=eJ%,Jt$J30J;$!J/ithJrei&eryJl$%reJ

2012025J22+html

Thi &e=t artile $& the $ther ha&+ ay the 5 year $l+ rei&ery /ill $t 20 milli$& +$llar

$6er the t/$ year ,r$e They al$ tate that .* /a t$ l$e their .ri!a&e rei&ery thi

year8 i& 2015

htt,:///heral+%&$ma%!%i&e!reaki&'J&e/alte=Jh%tJk%r&ellJrei&ery&e/J

t$ry0Kea5a10e22aaeK534


http://www.smh.com.au/business/caltex-axes-up-to-630-jobs-with-refinery-closure-20120725-22sd6.html.%20%C2%A0


http://www.heraldsun.com.au/business/breaking-news/caltex-shuts-kurnell-refinery/news-story/04effca75ca7f10efc2c627aaef64536?=.%20%C2%A0








It< %&+erta&+a!le that the l$%re $ the "alte= Cei&ery i& @%r&ell ha+ a !i' im,at $&

their i'%re /hih i h$/& i& their 201K re,$rt

Comment and d!'u!on (!t) *eer on t)! b$o+ %ot

The $ll$/i&' are $mme&t let !y ,eer a&+ my re,$&e t$ th$e $r thi eti$& a&+ !l$'

,$t

1, )aronandreaen 3 Deem!er 2015 at 03:20

7i Emma8 W>W8 y$% are ertai&ly $ t$ a lyi&' tart /ith y$%r $m,a&y Im arai+ Im

a !it $ a &$6ie /he& it $me t$ a$%&ti&' $ Im &$t m%h hel, t$ y$% /ith re'ar+ t$

y$%r %eti$& Im 'reat /ith &%m!er8 &$t $ '$$+ $& the releti$& i+e8 $ Im i&+i&'

thi /h$le ,$ti&' y$%r th$%'ht a&+ eeli&' /eir+ haha @ee, %, the '$$+ /$rk8

7$$r$$ Shar$&

Emma- 3 Deem!er 2015 at 03:3

7i Shar$&8

Tha&k $r y$%r ee+!akB

I am al$ i&+i&' thi /h$le !l$''i&' a&+ i&terati6e lear&i&' %ite +iere&t t$

a&y $ther %!;et I ha6e t%+ie+ $ ar AND I am i& my i&al year $ t%+yi&'

A&y/ay8 make it i&tereti&' I '%e

G$$+ l%k /ith y$%r t%+ie al$B I l$6e+ y$%r !l$' i& at8 it< i& my t$, 3 :)

", *att!.a%on /antara%!ta 3 Deem!er 2015 at 0:K

7i Emma8 y$%r !l$' l$$k '$$+ $ arB a&+ r$m rea+i&' thi ,$t8 I ha6e $me &e/

k&$/le+'e a!$%t "alte= a&+ there &$ %h thi&' a illy %eti$& !ea%e $metime the

%eti$& y$% ak mi'ht !e the ameimilar a $me$&e ele :)G$$+ l%k /ith y$%r t%+ie :)

Emma- 3 Deem!er 2015 at 23:5

Tha&k *atti8

I th$r$%'hly e&;$ye+ rea+i&' y$%r !l$' t$$B

G$$+ l%k /ith y$%r t%+ie al$B

&, Renae Gordon 3 Deem!er 2015 at 1:K0

Emma Walker A""T11059 A$%&ti&' $r Deii$& Maki&' *a'e St%+e&t #: S0239551

https://sharonandreassen.wordpress.com/


http://outnumberedbynumbers.blogspot.com/2015/12/we-received-our-companies-little-over.html?showComment=1449141606479#c7954759960457074777

https://www.blogger.com/profile/06598897481498754491
























$6e+ rea+i&' thi $ m%h J I ;%t /ihe+ I ha+ !ee& a!le t$ rea+ thi yeter+ay S$

i&tereti&' a&+ i&$rmati6e ?$%r marketi&' i $mi&' thr$%'h /ith the i&tr$ t$ y$%r

$m,a&yB I k&$/ @%r&ell /ell $ I %&+erta&+ /here y$% are $mi&' r$m a&+ it a

'reat little !it $ l$al k&$/le+'e y$% a& !ri&' t$ the ai'&me&t Di+ y$%r i&+ $%t

rea$& $r the +iere&e i& i&a&ial year i& the N$te *$i!ly !ea%e $

i&ter&ati$&al tra+e ,erha, ?$%r $ther %eti$& are i&tereti&' t$ me a they are

%rre&tly !ei&' $6ere+ i& the A""T1902 I%e i& i&a&ial Ce,$rti&' %!;et that

Im %rre&tly +$i&' al$ (/ell %,,$e+ t$ !e +$i&' !%t thi %!;et i taki&' %, my

timeB) S$ I /ill thi&k a!$%t y$%r %eti$& /he& a&+ h$,e%lly I a& a&/er them $r

y$% /ith 'et !ak t$ y$% a!$%t theeBB Ce the !raket () ?$% ai+ thi i y$%r irt

A""T %!;et8 $ y$% ha6e&t +$&e ,ri&i,le $ A$%&ti&' %!;et Thi i $6ere+

i& thi %!;et a the !ai i& a$%&ti&' .%t y$% are ,retty m%h $rret J ye

itemam$%&t that are h$/& i& (!raket) are &e'ati6e am$%&t i& relati$& t$ the TJ

A$%&t8 I +$&t /a&t t$ $&%e y$% t$$ m%h /ith ;ar'$& th$ e' Ta=e are ,ai+

>FT $ &e'ati6e It ha t$ +$ /ith i&reai&' $r +ereai&' the 6al%e i& the

a$%&ti&' e%ati$& S$ I +$ em,athie /ith y$% a&+ &$/ %&+erta&+ %r eeli&' $

!ei&' a ih $%t $ /ater .%t $&i+eri&' y$% ha6e +$&e OEC? /ellBBB :J)

Emma- K Deem!er 2015 at 00:00

7I Ce&ae8

Tha&k $ m%h $r y$%r ee+!ak8 I really a,,reiate it

?e8 my irt a$%&ti&' %!;et8 I ha6e $&ly +$&e E$& a&+ Statiti !e$re thi

a&+ I m%t a+mit8 $&ly '$t a ,a i& th$e %!;et :(

I a,,reiate y$%r $er t$ ait8 I /ill !e %,l$a+i&' $me m$re %eti$& h$rtly

/ith my ,rea+heet /hih may!e y$% $%l+ ait /ith

?$% k&$/ @%r&ell D$ y$% li6e l$ally $r ha6e y$% !ee& here !e$re E6e&

,e$,le i& Sy+&ey l$$k at me %&&y /he& I ay I li6e here /hih I am %ite i&e

a!$%t really8 it< $%r $/& el%+e+ ,ara+ie :)

I l$6e+ rea+i&' y$%r !l$'8 it ma+e mi&e a&+ /hat eem like e6ery$&e< t$, 3

"$&'rat%lati$&8 it< 6ery /ell +$&e

#, Renae Gordon 3 Deem!er 2015 at 1:09














al$ J ha6e a rea+ $ "ha,ter 1 %&+er *r$,riet$rhi, i& the 3r+ ,ara'ra,h J thi

e=,lai&e+ the +e!itre+it $r ,$iti6e &e'ati6e am$%&t i& a& eaily t$ %&+erta&+

la&'%a'e that may al$ ait


Tha&k y$% $ m%hB

M. To% & $o+

The $ll$/i&' i /hat I ha+ i&l%+e+ $& my !l$' a!$%t my t$, 3 !l$' I ha+ ,%t a li&k t$ thee

$& the !l$' li&k $r%m a the ai'&me&t re%ete+ thi a& !e $%&+ here

htt,:m$$+le%e+%a%m$+$r%m+i%,h,+49150

I $mme&te+ $& a &%m!er $ ,e$,le< !l$'8 a mall &%m!er $ /hih a& !e ee& $ll$/i&'

thee li&k I +i+ $mme&t $& m$re !l$' h$/e6er I +i+ &$t re$r+ all li&k a&+ a&&$t i&+ thee

thr$%'h$%t my !r$/er hit$ry

• htt,:mitara11059!l$',$t$ma%201511/$rtJeeli&'Je6erhtml

h$/"$mme&t41KK91K2029KK#320399990K22

• htt,:ia$%&t&$/!l$',$t$ma%201511hiJe6ery$&eJiJha6eJtarte+JthiJ!l$'J

ahtmlh$/"$mme&t41KK91K1K0119#K59K333353K

• htt,:har$&a&+reae&/$r+,re$m20151115hell$$mme&tJ,a'eJ1#$mme&tJ

• htt,:,atti;a&tat11059!l$',$t$ma%201511/el$meJt$JmyJ!l$'html#$mme&tJ

$rm

I m%t a+mit8 I ha6e ha+ a l$t $ %& ha6i&' a l$$k at e6ery$&e !l$' It< !ee& i&re+i!ly

i&tereti&' a&+ it< !ee& a/e$me t$ meet $ ma&y ,e$,le r$m all $6er the /$rl+

My t$, 3 a6$%rite !l$' are a $ll$/

S)aron Andreaon b. S)aron Andreaon2 )tt%:33)aronandreaen,(ord%re,'om3





https://moodle.cqu.edu.au/mod/forum/discuss.php?d=91850

http://misstara11059.blogspot.com.au/2015/11/worst-feeling-ever.html?showComment=1449142029644#c6683207399898904282


http://iaccountnow.blogspot.com.au/2015/11/hi-everyone-i-have-started-this-blog-as.html?showComment=1449141640119#c4594836338835834868


https://sharonandreassen.wordpress.com/2015/11/15/hello/comment-page-1/#comment-7

http://pattijantacct11059.blogspot.com.au/2015/11/welcome-to-my-blog.html#comment-form





https://moodle.cqu.edu.au/mod/forum/discuss.php?d=91850





https://sharonandreassen.wordpress.com/2015/11/15/hello/comment-page-1/#comment-7






She ha+ me at H7$$r$$HBB 7$$r$$ /a h$/ Shar$& i'&e+ $ $& her irt !l$' ,$t a&+ a thi i

$methi&' my m%m $te& ay al$8 it ,%t a mile $& my ae a&+ I /a all ear ($r eye) r$m

that ,$i&t $& I /a +ra/& t$ Shar$&< !l$' trai'ht a/ay8 it< eay $& the eye8 /ellJtr%t%re+

a&+ +etail $ her $m,a&y are $mm%&iate+ /ell I /a 6ery i&terete+ i& the $m,a&y he ha+

!ee& ai'&e+ a&+ I !elie6e he $ere+ e&$%'h i&$rmati$& $& her !l$' t$ 'i6e me 'reat i&i'ht

i&t$ /h$ they are a&+ /hat they +$

I !t a$$ number and no 4un T!446 a''ount!n+ 7ourne. b. T!44an. 8!$$

2 htt,:iitall&%m!era&+&$%&!l$',$t$ma%

I it all &%m!er a&+ &$ %& I /a lea&i&' t$/ar+ ye /he& e&r$lli&' i& thi %!;et h$/e6er I

ha6e8 $ ar8 !ee& ,r$6e& /r$&' Ti !l$' i 6ery i&$rmati6e She ha $mm%&iate+ her$m,a&y i& a /ay that i i&tereti&' a&+ a,t%ri&' ?$% a& tell Ti i at%ally 6ery i&terete+ i&

her $m,a&y a /ell8 he i&t ;%t $m,eti&' $r mark8 there eem t$ !e 'e&%i&e i&teret i& her

$m,a&y i&6$l6e+ a /ell

ad. o4 ed+er b. Renae Gordon 2 )tt%:33$ad.o4$ed+er,b$o+%ot,'om,au3

I m%t a+mit8 I /a tryi&' t$ a6$i+ a++i&' thi t$ my t$, 3 !%t $r &$ $ther rea$& tha& that he

ha ma+e it i&t$ &early e6ery$&e t$, 3 7$/e6er8 I m%t 'i6e re+it /here re+it i +%e a&+ it

+ei&itely i here Ce&ae ha &$t $&ly ;%m,e+ trai'ht $&t$ thi ai'&me&t a&+ alm$t $m,lete+

all tak !%t he ha +$&e it th$r$%'hly a&+ /ith h%m$r It i a really e&;$ya!le !l$' a&+ I l$$k

$r/ar+ t$ $ll$/i&' it

Comment and d!'u!on (!t) *eer on t)! b$o+ %ot

1, Renae Gordon 3 Deem!er 2015 at 1:KK

> that %&&y (ye /e &ee+ t$ hare the l$6e ar$%&+) !%t tha&k y$% 6ery m%h ?$%

really ha6e +$&e a 'reat ;$! $& thi Ai'&me&t e,eially $&i+eri&' thi i y$%r irt

A""T %!;et $ I a+mire y$% It har+ e&$%'h $r % that ha6e +$&e $me ?$% ha6e

ake+ $me 6ery 6ali+ %eti$& a&+ N> %eti$& i illy at all E6ery$&e &ee+ t$ ak

%eti$& t$ lear& A&+ I am %re that $ther ha6e the ame %eti$& t$$ Well +$&e $& a

'reat e$rt8 I l$6e+ rea+i&' a!$%t "alte= a&+ the /ay y$% ha6e tr%t%re+ thi a&+

e=,lai&e+ thi&' i 6ery eay t$ rea+ a&+ e&'a'i&'B


http://isitallnumbersandnofun.blogspot.com.au/

http://ladyofledgers.blogspot.com.au/



http://outnumberedbynumbers.blogspot.com/2015/12/my-top-3-blogs.html?showComment=1449189899313#c2482531107280423524

http://isitallnumbersandnofun.blogspot.com.au/

http://ladyofledgers.blogspot.com.au/






Tha&k $ m%h Ce&ae8 I really a,,reiate y$%r ee+!akB

Ste, 3: "alte= A%tralia imite+ i&a&ial Stateme&tMy $m,a&y ,rea+heet ha !ee& %,l$a+e+ /ith thi ai'&me&t a re%ete+

Whilt $m,ili&' the i&$rmati$& $r thi eti$& I ha+ $me ar$ $me @"P< /hih are

a $ll$/

1 I &$tie+ /hilt e&teri&' the +ata $r my $m,a&ie "$&$li+ate+ I&$me Stateme&t

that8 e,eially i& 20128 the +ata ha&'e r$m the 2012 A&&%al re,$rt t$ the 2013

A&&%al re,$rt $r the year $ 2012 S$ /he& l$$ki&' at the i'%re $& !$th re,$rt8

they are li'htly +iere&t My %eti$& i8 +$ I %e the i'%re r$m the 2012 re,$rt a

the ai'&me&t ak >C +$ I %e the i'%re i& the 2013 A&&%al Ce,$rt $r thee

,rea+heet I ha6e %e+ the 2012 A&&%al Ce,$rt i&$rmati$&8 ater all thi i /hat the

ai'&me&t ak $r 7$/e6er8 l$'i tell me that I h$%l+ %e the i'%re r$m the

2013 re,$rt a $!6i$%ly there ha !ee& $me $rreti$& ma+e What i e6ery$&e

th$%'ht $& thi My '%t tell me that the a&/er i ,$i!ly i& $&e $ the let%re !%t

I th$%'ht I+ thr$/ it $%t t$ me ,eer irt2 Al$8 r$m year t$ year8 li&e i& the tateme&t ha6e !ee& a++e+8 $ i& my

,rea+heet I t$$ a++e+ thee a&+ let !la&k th$e year that +i+ &$t ha6e a&ythi&'

$r thi I thi $rret3 A&$ther %eti$& i8 /he& e&teri&' my !ala&e heet I ha+ &$tie+ that /hilt the

t$tal i'%re $ eti$& /ere the ame8 they ha+ m$6e+ i'%re a&+ a+;%te+ them

thr$%'h$%t $ther ate'$rie $r e=am,le A&&%al Ce,$rt $r 2012 a&+ A&&%al Ce,$rt

$r 20138 talki&' $ i'%re $r the year 2012 $&ly I &$tie+ that %&+er current

liabilities8 i'%re /ere &$te+ $r current tax liabilities a&+ provisions !%t i& the 2013

A&&%al Ce,$rt a &e/ ate'$ry $ employee benefits /a a++e+ a&+ they ,lit the

i'%re %, t$ !e i&l%+e+ here al$ Thi $me !ak t$ my irt %eti$&8 +$ I e&ter

$& my ,rea+heet the i'%re r$m the 2012 A&&%al Ce,$rt $r 2013 A&&%al Ce,$rtK My $ther %eti$& i /hat i the $&$li+ate+ tateme&t $ $m,rehe&i6e i&$me

Thi $!6i$%ly i&t re%ire+ $r thi ai'&me&t a&+ I may !e 'etti&' ahea+ $ myel

!%t I am i&terete+ t$ k&$/B

>&e the eti$& $ my +rat ai'&me&t /ere a6aila!le thr$%'h my !l$' I ha+ emaile+ my

ai'&e+ ee+!ak 'r$%, $r their i&,%t F&$rt%&ately at thi ,$i&t8 $&e +ay ,ri$r t$ the

ai'&me&t +%e +ate I /a %&a!le t$ /ait a&y l$&'er a&+ $ I ha+ emaile+ Maria Tyler8 the









$%re $$r+i&at$r8 re'ar+i&' thi /h$ 'a6e me $me ti, $& h$/ t$ a&/er my %eti$&

7er email re,$&e t$ thee %eti$& i a $ll$/

Hi Emma,

Thanks for your email, and best wishes for a speedy and thoroughrecovery!

Firstly, you will notice in the assessment marking criteria thatmarks are allocated for feedback that YO have provided to others,and also for your comments on the usefulness of others feedback"#o, you dont actually $EE% feedback from others, although it wouldcertainly make your commenting on their usefulness much easier &'

#econdly, you can choose which set of (gures to enter" Theimportant point here is that you (nd out )HY the (gures havechanged"""" this is an e*cellent point to put on our +oodle discussionforum, and also to do a little bit of research on hint& the (nancialreport itself must tell you, in one of its notes, where (gures mayhave been re-stated'"

Thirdly, it is (ne how you have treated amounts that may not be present in some years to other"

Finally, please see my response above - have a good thorough readof the notes - and then, you can email me and perhaps answer

your own .uery on the discussion forum' why this has occurred, andwhich set of (gures you would like to use! / can guarantee there areother students who have the same .uery""""

You are on your way to active learning!

0ind regards,

+aria

With %rther reearh I ha6e i+e&tiie+ the $ll$/i&' $r my irt %eti$&

1 Whe& rea+i&' thr$%'h the &$te $ the 2013 A&&%al Ce,$rt re'ar+i&' the ha&'e i&the i'%re r$m 2012J20138 they tate+ the $ll$/i&' h$/e6er I am till let eeli&' alittle l$t

During 2012, the Group incurred significant items totalling a loss of

$441,3,000, that have been recognised in the income statement! "hese items

relate to employment benefit and remediation provisions #$430,000,000arising from the announcement

on 2% &uly 2012 of the planned 2014 closure of 'urnell refinery in (e) *outh+ales, ustralia and its proposed conversion to an import terminal! "he

remaining expenses of $11,3,000 relate to cancelled capital pro-ectsassociated )ith the 'urnell refinery!




.f this total $2/,/%3,000 significant items #2012 $441,3,000, $42,%11,000

is included in .ther income #2012 $nil, $11,003,000 is included in efining

and *upply expenses #2012 $441,3,000, and $3,4,000 in .ther expenses#2012 $nil!

Ste, K: I+ea8 releti$& a&+ reati$& t$ "ha,ter 1 - 3 rea+i&'

C)a%ter 1 2 6A -a. o4 !e(!n+ u!ne6

Whe& rea+i&' thr$%'h "ha,ter 1 QA /ay $ 6ie/i&' !%i&e<8 I m%t a+mit8 there /ere a l$t

$ time I ake+ myel Q/hat +$e thi eri$%ly ha6e t$ +$ /ith a$%&ti&'< I am till

$6erly $&%e+ /hy there /a $ m%h time +i%i&' ty,e/riter a&+ PWECT?

key!$ar+ /he& really8 /e $%l+ ha6e ;%t ha+ $&e e&te&e that ai+ R/e $&ti&%e t$ +$

thi&' the ame /ay a it /$%l+ !e t$$ har+ a&+ l$&' a ,r$e t$ teah Qa& $l+ +$' &e/

trik< a&+ hey8 I 'et it8 I am a Q+$&<t i= it %&le it !r$ke&< ki&+a 'al At the e&+ $ the +ay8

I ha6e 6ery limite+ time t$ +$ the thi&' I &ee+ t$ i& e6ery+ay lie a&+ /he& it $me t$t%+yi&'8 I like t$ k&$/ that I am 'etti&' at trai'ht %,8 tell me /hat I &ee+ t$ k&$/8 &$

!eati&' ar$%&+ the !%h Ce'ar+le8 thee are my th$%'ht rea+i&' thr$%'h the ha,ter

Dr Marti& T%r&er i&tr$+%e M?>. i& the 6ery irt ,ara'ra,h8 ,he/8 thi $&e I k&$/

Whilt I am &$t i& a& a$%&ti&' ,$iti$& at /$rk8 /e +$ %e M?>. a&+ I $te& % it t$

,r$+%e $%tta&+i&' +e!t$r le+'er t$ i+e&tiy /hih i my %t$mer i i& +e!it $6er their

tra+i&' term >&e thi&' I +i+ &$t k&$/ a!$%t M?>. i that it ta&+ $r QMi&+ ?$%r >/&

.%i&e a&+ really8 it< ki&+ $ $!6i$%B

ater Dr T%r&er talk a!$%t tr%t a&+ /hilt I +$ &$t t$tally %&+erta&+ a tr%t8 &$t m%h

m$re tha& /hat /a e=,lai&e+ i& thi +$%me&t8 I ha+ hear+ $ them !e$re The $m,a&y

that em,l$y me ,ay their em,l$yee !$&%e at "hritma time a&+ that !$&% $me r$m

a tr%t &ame+ ater the +iret$r< late ather /h$ al$ $%&+e+ the !%i&e W$ah8 may!e thi

i&<t t$$ !a+ ater all8 I k&$/ $ m$t $ thi t%B

Whe& rea+i&' a!$%t trial !ala&e ,re6i$% t$ thi +$%me&t8 I $%l+ &e6er 'et my hea+

ar$%&+ /hat that /$%l+ !e Ater all8 h$/ +$ y$% Qtrial< a !ala&e .%t &$/ I %&+erta&+ a&+

i& a& ee&e8 /he& I l$$k at my re+it ar+ tateme&t $&li&e8 thi i h$/& i& a trial !ala&e

$rmat *leae $rret me i I am /r$&' !%t thi i +ei&itely h$/ I %&+erta&+ it

>&e thi&' I am till $&%e+ $& i the +$%!le e&try a$%&ti&' a&+ it i here that I /ih thi

ha,ter $&e&trate+ le $& ty,e/riter a&+ key!$ar+ a&+ e=,lai&e+ m$re th$r$%'hly /hat




thi /a I %&+erta&+ that thi i $!6i$%ly a +$%!le ha&+li&' at $me ta'e !%t I eel thi i

$methi&' I am '$i&' t$ &ee+ t$ reearh m$re th$r$%'hly t$ $m,letely %&+erta&+ A&y

i&i'ht $& thi /$%l+ !e a,,reiate+ al$

Question 1 – Why do we have double entry accounting? Why do we put everything in

twice? Why not just once?

I eel %ite &er6$% a&/eri&' thi %eti$& a I +$ &$t eel I t$tally %&+erta&+ thi $&e,t I

eel the $&ly rea$& that the +$%!le ha&+li&' $ i&$rmati$& i +$&e t$ r%le $%t h%ma& err$r

%,$& the e&teri&' $ the +ata "$m,%ter may ,ik %, $me err$r ma+e +%ri&' e&try !%t &$t

all I thi all thi i8 a H%ality a%ra&eH ,r$e

Question 1-2

For your firm identify three !ssets three "iabilities and three items of #$uity% &escribe

what each item means to you 'you may find some footnotes in your firm(s financial

statements may help you to ma)e more sense of these items*% +ut on your blog your answer

to this $uestion and comment on the answers to this $uestion of at least three other people%

,nclude lin)s to your blog and also to your comments in other people(s blogs%

Three aet that I ha6e i+e&tiie+ i& "alte= A%tralia imite+< 201K A&&%al Ce,$rt i&l%+e

1 Ca) and 'a) e;u!<a$ent /hilt there i &$ &$te $& thi aet a&+ I am &$t

e&tirely %re /hat i8 a %ik '$$'le earh i&$rm me it $%l+ i&l%+e ,etty ah8

he%e &$t yet +e,$ite+ a&+ %rre&y (200KJ20158 , 1)

2 Re'e!<ab$e = >?&@B@",00 a$r+i&' t$ their &$te thi i&l%+e tra+e +e!t$r8

all$/a&e $r im,airme&t8 a$iate+ e&titie8 $ther relate+ e&titie a&+ $ther +e!t$r

3 In<entor!e = >111?0?#,00 thi i'%re i&l%+e8 a$r+i&' t$ their &$te8 r%+e $il

a&+ ra/ material8 i&6e&t$ry i& ,r$e8 i&ihe+ '$$+ a&+ material a&+ %,,lie

Three lia!ilitie that I ha6e i+e&tiie+ $& the "alte= A%tralia .ala&e Sheet r$m their 201K

A&&%al re,$rt i&l%+e

1 *a.ab$e =11@5515,00 thi i&l%+e8 a$r+i&' t$ their &$te8 tra+e re+it$r

%&e%re+8 relate+ e&titie a&+ $ther $r,$rati$& a&+ ,er$&

2 Interet bear!n+ $!ab!$!t!e = >110000,00 thi i&l%+e8 a$r+i&' t$ their &$te8

FS &$te8 he+'e ,aya!le a&+ leae lia!ilitie




3 Em%$o.ee bene4!t = >1B&"00,00 thi i&l%+e8 a$r+i&' t$ their &$te8 a&&%al

lea6e8 l$&' er6ie lea6e8 em,l$yee !$&%8 re+%&+a&y a&+ retireme&t !e&eit

A %eti$& that ame t$ mi&+ /he& i+e&tiyi&' thee lia!ilitie /a /hat i a he+'e ,aya!le

Thi /a lite+ i& their &$te %&+er i&teret !eari&' lia!ilitie

Three e%ity item i+e&tiie+ $& the "alte= A%tralia .ala&e Sheet r$m their 201K A&&%al

re,$rt i&l%+e

1 Iued Ca%!ta$ = >5#&#15,00 thi i&l%+e8 a$r+i&' t$ their &$te8 $r+i&ary

hare

2 Treaur. Sto' = 2>B0@000,00 I am &$t ertai& /hat thi i a&+ there are &$ &$te

t$ ait me i& %&+erta&+i&' I !elie6e8 r$m a %ik '$$'le earh8 that thi i&l%+ehare a%ire+ (200KJ20158 , 1)

3 Reer<e = 2>&#9?000,00 a'ai& I am &$t ertai& /hat thi i a&+ there are &$

&$te t$ ait me i& %&+erta&+i&' A'ai&8 a$r+i&' t$ a %ik '$$'le earh I

!elie6e thi relate t$ a,ital i&6etme&t ,r$;et $r a&y $ther lar'e a&+ a&tii,ate+

e=,e&e() that /ill !e i&%rre+ i& the %t%re< (20158 , 1)

C)a%ter & 2 Introdu'!n+ F!nan'!a$ Statement

I /a l$$ki&' $r/ar+ t$ thi ha,ter $ the t%+y '%i+e8 h$,i&' that I /a '$i&' t$ 'ra, a

'$$+ %&+erta&+i&' $ /hat /e ha6e !ee& /$rki&' $& a&+ h$,e%lly rea%re me $& my /$rk

$ ar S$metime !ei&' a +ita&e t%+e&t i $ har+BB I lak $&i+e&e /he& it $me t$

&%m!er a&+ I am a& $6er thi&ker /hih I h$&etly !elie6e make me $&%e myel e6e&

m$re Ce'ar+le8 I thi&k I +i+ /ell i& thi ha,ter8 I eel a little %y $& the +% *$&t

tr%t%re a&+ %eti$& t/$ $r thi ha,ter ki&+ $ t%m,e+ me !%t I !elie6e I ha6e a&/ere+

it $rretly a&+ i &$t8 ,leae eel ree t$ e&li'hte& me

Whe& thi ha,ter e=,lai&e+ that i&a&ial tateme&t /ere et $%t +iere&tly r$m $m,a&y

t$ $m,a&y my irt th$%'ht /ere8 I '$t thiB I /a a/are that irm et $%t their i&a&ial

tateme&t +iere&tly ;%t !y l$$ki&' at th$e ,re,are+ !y myel $r "alte= a&+ the $&e my

,eer ha6e $m,lete+ $r their ai'&e+ $m,a&ie I /a al$ a/are that +iere&t $m,a&ie

alle+ their tateme&t +iere&t thi&' $r the ame rea$& I lear&t thi thr$%'h my ,eer<

!l$' I +$&<t %ite %&+erta&+ /hy they /$%l+ !e alle+ +iere&t &ame8 e,eially i they

Emma Walker A""T11059 A$%&ti&' $r Deii$& Maki&' *a'e 1KSt%+e&t #: S0239551



are A%tralia& $m,a&ie I /$%l+ ha6e th$%'ht there /$%l+ !e a '%i+eli&e $r r%le $r thi8

$!6i$%ly &$t

T$ !e h$&et8 !e$re I rea+ thr$%'h "ha,ter 1 a&+ ha+ t$ a&/er the %eti$&8 i& ,arti%lar

%eti$& 28 I ha+ &$ i+ea that the aet8 lia!ility a&+ e%ity /ere all i&l%+e+ i& the !ala&e

heet $&ly I e=,ete+ t$ ee thee thr$%'h$%t the $%r i&a&ial tateme&t I ha+ i& r$&t $

me8 little +i+ I k&$/ the& Thi ha,ter ha &$/ $&irme+ thi a&+ ettle+ a&y +$%!t I ha+

a!$%t that a&+ a!$%t my a&/er t$ P%eti$& 2 $r "ha,ter 1 i'ht !%l! m$me&t8 the !ala&e

heet +$e tate thi ,retty learly h$/e6er8 I /a&<t %re i it /a a trik

Thi ha,ter tate that i& the !ala&e heet there h$%l+may !e a ate'$ry alle+

QI&6etme&t i& S%!i+iarie< /hih lit the irm i& /hih the $m,a&y8 al$&' /ith the

hareh$l+i&' the ,are&t $m,a&y ha i& eah $ them My $m,a&y8 "alte= A%tralia t+8

+$e &$t ha6e a ate'$ry alle+ QI&6etme&t i& S%!i+iarie< a&+ the $&ly thi&' l$et t$ thi

/a the QI&6etme&t a$%&te+ $r %i&' the e%ity meth$+< Whe& I /e&t t$ the &$te $r

thi ate'$ry it +$e lit i6e $ther $m,a&y &ame a&+ a ,ere&ta'e $ i&teret $ /hih I am

a%mi&' they $/& W$%l+ thi !e $rret I thi their QI&6etme&t i& %!i+iarie< I $8 I

/a e=,eti&' there t$ !e m$re tha& i6e $ thee May!e !ea%e they ra&hie a l$t $ their

retail $%tlet8 thi take a/ay ma&y $ their i&6etme&t Al$8 $%t $ the i6e $m,a&ie8

three are 50 $/&e+ !y "alte=8 t/$ are K0 $/&e+ a&+ $&e i 25 $/&e+ !y "alte= !%t

thee are &$t lite+ $& the !ala&e heet a Q&$&J$&tr$lli&' i&teret< $r Qmi&$rity i&teret< a

thi ha,ter %''et It +$e h$/e6er h$/8 i& the 201K A&&%al re,$rt8 the ,ere&ta'e

$/&e+ $r the year 2013 a&+ 201K a&+ thee +i+ &$t ha&'e $6er th$e t/$ re$r+e+ year

Thi ha,ter e=,lai& that the i&$me tateme&t /ill al$ i&l%+e the Q&$&J$&tr$lli&'

i&teret< $r Qmi&$rity i&teret<8 a'ai&8 "alte= A%tralia +$e &$t lit either $ th$e

ate'$rie8 rather lit Qhare $ &et ,r$it $ e&titie a$%&te+ $r %i&' the e%ity meth$+<

a&+ thi i lite+ at 91800000 $r 201K I am %&%re /hy they &ame thi ate'$ry +iere&t

a&+ I am %&%re /hat the Qe%ity meth$+< i Thi i a&$ther %eti$& $ mi&e8 /hat i the

e%ity meth$+

$$ki&' at my $m,a&ie Stateme&t $ "ha&'e i& E%ity I a& ee that their !ala&e at

31t

Deem!er 2013 (2815985900) i lar'er tha& that $ the !ala&e at 31t

Deem!er 201K




(28532859100) There i &$t a lar'e +iere&e !%t there i till a +ereae /hih I /$%l+

thi&k i a a%e $r $&er&8 h$%l+ it !e

Question -1

What is wrong with just doing what .wor)s( in relation to analysing financial statements?

/here are plenty of e0perienced practitioners in our capital mar)ets% Why do we not simply

find out what most are doing and just do this ourselves? What do you thin) and why?

I +$&<t thi&k that /e $%l+ +$ Q/hat ;%t /$rk< $r /hat e6ery$&e ele i +$i&' !ea%e e6ery

$m,a&y< i&a&ial tateme&t are +iere&t8 they $&tai& +iere&t ate'$rie a&+ there$re

/ill re%ire +iere&t a&alyi I they /ere all a&alye+ the ame the& they /$%l+ all re%ire

the ame ate'$rie a&+ lay$%t et t$ !e %e%l .%t the& a'ai&8 e6ery !%i&e i

+iere&t $ h$/ a& y$% a&alye them a !ei&' the ame It ;%t /$%l+ &$t /$rk

Question -2

What is the benefit of having a structure such as the du +ont ompany(s framewor) to

help use ratios to analyse a firm(s financial statements? ,s it any better 'or worse* than

simply doing what e0perienced practitioners do? Why or why not?

I !elie6e8 the !e&eit $ a tr%t%re8 %h a the +% *$&t "$m,a&y< rame/$rk t$ %e rati$ t$

a&alye a irm i&a&ial tateme&t may !e that $ time .y l$$ki&' at rati$ there i a %ik

a&+ lear %t i+e&tiiati$& $ the ,er$rma&e $ the $m,a&y 7$/e6er8 a thi ha,ter

e=,lai&8 a& Qa&alyi $ a irm i&a&ial tateme&t a& hel, % 'ai& a& %&+erta&+i&' $ the

%a&tiie+ +$llar eet $ the $m,a&ie e$&$mi a&+ !%i&e realitie< The +% *$&t

"$m,a&y< rame/$rk i &$t %a&tiia!le a&+ there$re I +$ &$t !elie6e it i a&y !etter tha&

/hat e=,erie&e+ ,ratiti$&er +$ 7$/ a& y$% tr%ly %&+erta&+ the 6al%e i it i&<t

%a&tiia!le

Ste, 5: St%+e&t ee+!ak

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htt,:///a$%&ti&'$ah$m!l$'itemJi&JahJa&+JahJe%i6ale&t

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