Joined on 30/01/2012, served 4.7 years, Independent, Nonâexecutive. The Auditor should try to obtain sufficient and appropriate audit evidence after thoroughly understanding the company and its environment. Required fields are marked *. 1. The company might want to review its WACC of 14% as the project has the possibility of being accepted at slightly lower costs of capital. Structure of the board for Value addition. Woolworth liquidity is below satisfactory and undermines its ability to meet short term liabilities in the ordinary course of business as calculated in Appendicle 1. Energy drink business is normally considered as a high-margin business and is prone to issues like market saturation, existence of high brand competitors and increasing awareness of the customers to the ingredients, calories and health hazards. Joined on 01/09/ 2014, served 2 years, Independent, Nonâexecutive. The Company complies with the key recommendations of the ASX CGC. The Company also deals in Hotels, Home improvement, General merchandise and has Online operation too. Therefore, serious thought needs to be given before going ahead with the decision. Our assignment help professionals can help you with that. f) The cash flows are discounted at the Weighted Average Cost of Capital (WACC) of 14% so that the project is accepted only if the cash flows exceed the cost of capital to the company. ; Previous Chairman of David Jones, Westpac and Rebel, previous CEO of Lion Nathan, Current Director of Macquarie, Origin among others. The group reported net profits of $ 2453.3 million, more than 0.1 % over last year. A profit margin of 4 % is very low and risks the future growth and survival of the Company if steps are not taken to correct it. The unknown reason for such side effects requires further continuation of research activities for another six years when the final version of the drink is expected to be available. Our assignment help professionals can help you with that. The Board functions through four committees for effective discharge of its responsibilities; Nomination; Audit, Risk Management and Compliance; People Policy Committee; and Sustainability Committee. The Company would have earned this revenue if the X-TRM project was not considered. BSc (Maths) (Hons), FCA, SF Fin; Former CFO of Commonwealth Bank of Australia, and Partner of KPMG, Coopers among others. We have a team of PhD experts to do your strategic financial management assignments online. Chairman to be independent and different from the CEO. Analysis of Incremental cash flow associated with the decision. Reports must be typed, double spaced, in 12-point font. (Investopedia, 2004). The objective of this assignment is to encourage the students to use excel spreadsheets to aid in problem solving. Hence, it becomes easy for the management to work out specific areas. The Debt-to-Equity Ratio of 1.28 clearly signifies that Woolworth in majorly dependent Â Â on debtors. Presently, it covers 80% of the Retail market in Australia. 100% (11) Pages: 5 year: 2018/2019. NEW Order Assignment Online and Get Instant 50% OFF !!! Experts in the field worked in the forecasting phase to predict reliable cash flows relating to this new product introduction project. Â The Company is a Supermarket chain based in Australia, New Zealand and Tasmania. The research undertaken so far ought to have incorporated these factors. The Strategic direction of the Company may be steered as per their whims and fancies and the wishes of the minority tend to be ignored. are proficient with following the marking rubric and adhering to the referencing style guidelines. Turnovers have been computed with averages of denominators in each case. Executive SummaryAn attempt has been made in the report to analyse the performance of Woolworths as instructed in the Assignment to drill down on the reasons of its poor financial performance presently. The Current ratio of 0.84 implies that Woolworth current liabilities are covered only 0.84 times its current assets while the quick liabilities are covered only 0.30 times. By implication, cash flows which are sunk costs and have already been incurred as well as irrelevant cash outflows are ignored. FINANCIAL MANAGEMENT ASSESSMENT REPORT A. The Company also deals in Hotels, Home improvement, General merchandise and has Online operation too. OurÂ Accounting and Financial Management. (Woolworthslimited.com.au, 2015; Pg. The table demonstrates the computation of the initial cash outflows and working capital for the first year as well as the incremental cash outflows for the six years of operation of the decision. Due to high cost of Entry and huge investment, it is important to have a differentiated and exclusive product clubbed with a loyal customer base so as to override the competitors. Presently, it covers 80% of the Retail market in Australia. Disclosure of the Board skill matrix existing as well as proposed, disclosure of the names, tenure and independence status in case of directors with specified relationships and associations. and MSc in Food Science and a Diploma in Management, Former director of Next, and Fairmount and a Member of Advisory Board of PwC, Currently retail advisor to Apex and director of Kathmandu and Brambles among others. The techniques of Net present value (NPV) analysis, Profitability index (PI), Internal rate of return (IRR), and Discounted payback period (PB) have been used to evaluate the financial viability of the decision. The External Auditor is DELOITTE TOUCHE TOHMATSU who received $ 4,101,000 as remuneration during the year. Specifically. Basic Accounting Assignment (Ratio Analysis Report) 1. Style guides are available on the UOW library website. In this Assignment, first try to give an idea about Financial Management, structure & its area of activities. What amount of remuneration did the auditors receive fromÂ Woolworths during the year? Independence here implies lack of financial or management interest. OurÂ Accounting and Financial Management assignment experts are proficient with following the marking rubric and adhering to the referencing style guidelines. 100% (15) Pages: 5 year: 2018/2019. Though there are no Substantial Shareholders, the top 5 Shareholders of the Company include, HSBC Custody Nominees (Australia) Limited with 16.37 % shareholding; JP Morgan Nominees Australia Limited with 10.18 %, National Nominees Limited with 9.79%, Citicorp Nominees Pty Limited with 3.44 % and BNP Paribas Norms Pty Ltd with 2.79%. The recent performance of the group has been below expectations with a reported sale of $ 60.7 billion less by 0.2 % over last year and Earnings per share of 195.2 cents, 0.7 % less than last year. The firm’s taxable income is $1,225,000. The assignment help was delivered to the student within the 2-3 days to submission. The financial report gives an idea about the strength and weakness of the company and overall financial health. BA, MBA, Currently CEO of Jetstar Group, formerly worked with Qantas Group and as Senior Partner with Bain & Company; Recognised leader on customer led growth and transformation. The Board also recommends to shareholders in this relation in the notice of the (AGM), material information relevant to their decision. Existence, Structure and role of audit committee and procedure employed in case of nonexistence to be disclosed with material exposure to risk and its management. Provide a brief summary of the characteristics of theÂ Board (1,000 words maximum). With a clientele based in top Australian universities, My Assignment Services AUâs, is aiding thousands of students to achieve good scores in their academics. Our. This financial management aims at conducting detailed financial resources as well as performance analysis of the companies with a large market share effectively placed in the industry. (Woolworthslimited.com.au, 2016; pg. Provide a brief summary of the company. Joined on 01/09/2015; 1 year served, Independent, Nonâexecutive, Serving as Chairman presently. Financial Management 4 group assignment 1 ALL ASSIGNMENT MUST BE TYPED ANY FORM OF COPY WORK WILL BE PENALISED. Financial Management and Control Assignment PGBM01. Based on the NPV, IRR and PI and Payback criteria, it is recommended that the Company should not go ahead with the project. The IRR or the internal rate of return which theoretically equates the net present value of incremental cash flows to zero is 9.79 % which is less than the WACC or hurdle rate of 14% for the company. A D/E greater than 1 implies that Debt exceeds Equity and puts the company in the high risk profile which does not find favour with Investors. The long term solvency of Woolworth (Appendicle 1) will give an idea of the % of its assets sponsored by Debtors. This Financial Management assignment sample was powered by the assignment writing experts of My Assignment Services AU. You must be able to provide a duplicate of your submission if requested. Financial Management Assignment Help by the master academic writers of All Assignment Services..!! © Copyright 2015 - 2020 My Assignment Services. The Board Delegates Strategy implementation to Woolworths Group Management and is responsible for ensuring compliance with Corporate Governance guidelines. For a fresh solution to this question, fill the form here and get our professional assignment help. The. Rules on the same ground as Nomination Committee. You can free download this Accounting and Financial ManagementÂ. d) The residual value of the new P&E has been considered at the end of the life of the project. The Liquidity Â analysis of Woolworth will help to assess its capability to satisfy short-term obligations. ... My Assignment Help. Comparison of Company’s PE Ratio to that of Sector Price to earnings ratio is one of the most important ratios which an investor uses for selecting a particular stock. You can free download this Accounting and Financial ManagementÂ assessment answer for reference. Where the committee does not exist, the equivalent procedures employed to be disclosed. Capital Budgeting techniques have been used to evaluate the decision. Woolworth liquidity is below satisfactory and undermines its ability to meet short term liabilities in the ordinary course of business as calculated in Appendicle 1. ORDER NOW. The solution file, as per the marking rubric, is of high quality and 100% original (as reported by Turnitin). It is seen throughout the report that the organization needs to evaluate various aspects while taking financing or investment decisions. X-TRM. The efficiency of Woolworth (Appendicle 1) as reflected by the Inventory turnover of 9.27 appears satisfactory. Director of Consumer Goods Forum and Member of Business Council of Australia. e) The Annual loss of revenue from production line of $ 36,000 is a relevant opportunity cost of implementing the decision and is considered as part of the annual cash outflows. Woolworths specializes in groceries, electronics, consumables and stationery items and operates about 3729 Outlets in Australia and New Zealand. Think of a friend or a family member as a client. a) The Sunk cost of $150,000 for EDA research and $60,000 paid to experts for the prediction of cash flows for X-TRM have been ignored for the purpose of analysis as these have already been incurred and are irrelevant for the decision at hand. Referencing style must follow the Harvard style. Financial management assignment: get help from best experts on all your assignment & functions relating to financial management at most affordable prices. The ROA implies that the assets are earning profits of $ 2.39 for each dollar invested in asset while equity is earning $ 5.45 for each dollar invested. Our, professionals can help you with that. 2018/2019 None. Your email address will not be published. The liquidity position is poor. Woolworths specializes in groceries, electronics, consumables and stationery items and operates about 3729 Outlets in Australia and New Zealand. 2 to 6; CG Statement), c. Remuneration received by the Auditors during the yearÂ $ 4,101,000 was received during 2015, Attendance of External Auditor in the AGM is deemed compulsory to answer questions from Stakeholders. Major shareholders in liaison (normally 50% or above) have the power to influence the policies and the appointment of Board of Directors of the Company thereby exerting an indirect influence on the operations of the Company. All Rights Reserved. The turnover is indicating that while the conversion of inventory is reasonable, the conversion of receivables needs major improvement. The Nomination Committee functions to review possible candidates to the Board and also reviews the eligibility of retiring directors for reâelection, based on attributes like skills, experience, diversity, commitment and probable conflicts of interest. TOPONE Inc. is analysing an opportunity to introduce a new product that is innovated by its research team for experimental offer. This solvedÂ Accounting and Financial Management assignment sample is only for reference purpose and not to be submitted to your university. The Boardâs main function is the representation and serving of Shareholdersâ interests through Oversight and appraisal of the Companyâs strategies and performance so as to maintain and enhance Shareholder value and ensure proper Management. Production manager of TOPONE is highly encouraged for X-TRM despite a possibility of health hazards in old age of some users. Relationship with stakeholders: The second purpose that is served by the financial reporting assignments is to help you deal with the stakeholder relations. Net Present Value (NPV) being the difference between the present value of cash inflows and outflows clearly points out the loss due to the decision duly. Disclosure of the qualifications and experience of members, number of meeting and attendance of each member. Incremental cash flows imply cash flows specifically associated with the decision. Looking for a new solution for this exact same question? An attempt has been made in the report to analyse the performance of Woolworths as instructed in the Assignment to drill down on the reasons of its poor financial performance presently. With a clientele based in top Australian universities, My Assignment Services AUâs assignment writing service is aiding thousands of students to achieve good scores in their academics. Woolworths Limited. The first analyse the Arrowbell Companys performance in relation to profitability; liquidity; asset utilisation and investors ratios. Moderate- This policy i… After a few years, Mr. Smith hires two consultants to independently evaluate the performance of his stock portfolio. The external audit function is discussed throughout theseÂ recommendations. You must be able to provide a duplicate of your submission if requested. Recently Woolworths Limited has made news headlines due to poor financial results and hence it would be interesting to analyse the prior year financial information. b) The Working capital investment and HR procurement costs have been considered for the analysis as it is directly related to the project and are treated as part of the initial cash outflows associated with the project. You must attach a completed and signed assignment coversheet. This report of Financial Management and control is base on four parts. Ensuring Proper induction and professional development of directors. Forecasting suggests that 650 boats Financial Management: FIN20014 Assignment 2: Capital Budgeting Report 748,800.00 847,200.00 3,456,816.92 2,705,850.37 7 will be sold in year 1, with a reduction of 50 boats per year, leaving a final figure of 400 boats sold year 6. Order Now! incorporating the time value of money. Conservative- In this company having huge balance of cash and holding higher level of inventory. Then I select a company named Reneta Ltd. is a listed public limited company in Dhaka Stock Exchange (DSE) for my work. Joined on 28/01/2011, 5.7 years served, Independent, Nonâexecutive, appointed as director in 2011. FIN534 Financial Management Week 7 Assignment Financial Research Report Imagine that you are a financial manager researching investments for your client. Estimated annual cost for the abovementioned further continuation of research will be 3% of the money spent for EDA research. Risk Committee and other rules same as for Nomination Committee. Each member of the board except the MD and (CEO), is approved by the Stakeholders and is directly accountable to them for appropriate Strategic initiatives and valueâcreation. The analysis is based on the incremental discounted cash flow table discounted at the weighted average cost of capital to the company. The Current ratio of 0.84 implies that Woolworth current liabilities are covered only 0.84 times its current assets while the quick liabilities are covered only 0.30 times. expert academic writer, affordable and 100% plagiarism free work. Your email address will not be published. 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