Author: mandyp73

I'm a working Mum who is now studying Bachelor of Accounting at 44. I must be crazy!! It is now 2024 and I am 50 years old and fingers crossed will finish my degree in October 2024.
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Assignment 2: Key Value Drivers & Valuation Steps 3 to 5

Step 3 – Ratios Commentary When it comes to calculating ratios for our firms, that is a fairly straight forward task. But interpreting what they mean is a more difficult task as it involves delving into the performance of our firms. The liquidity ratios assess how a firm is able to pay its current debt … Continue reading Assignment 2: Key Value Drivers & Valuation Steps 3 to 5 →

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Assignment 2: Key Value Drivers & Valuation Step 2

Chapter 7: How to predict the future to eternity In order to forecast our firms future, we must guess what the business and economic realities are going to be for our firm. Even though we will most likely make incorrect predictions, we will use the concept of the “margin of safety” to ensure we do … Continue reading Assignment 2: Key Value Drivers & Valuation Step 2 →

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ACCT13017 Financial Statement Analysis

Assignment 2: Key Value Drivers & Valuation Step 1 Chapter 5 ‘Predicting the Future’ Forecasting a firm’s economic profit requires forecasting of return on net operation assets (RNOA), the required rate of return on operations (WACC), and net operating assets book value (NOA). Economic profit uses the same elements as free cash flow (FCF). So … Continue reading ACCT13017 Financial Statement Analysis →

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ACCT13017 Step 7

Ratio analysis. Academies Australasia Group This step was a bit more time consuming for me as I was second guessing which ratios had to be in a percentage or number format. I would appreciate any feedback on my restated financial statements and ratios via the link above.

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ACCT13017 Assessment 1 Steps 5 and 6

Step 5: Restating income statement and balance sheet I found it quite easy restating my financial statements and only required to look up the notes of my annual reports a couple of times. I did find myself going between operating and financial income when it came to the exchange differences on translating foreign controlled entities. … Continue reading ACCT13017 Assessment 1 Steps 5 and 6 →

ACCT 13017 Assessment 1 Step 2: Chapter 2 and Chapter 3

I enjoyed reading the way perceiving a firm’s strategy is not as sure a train reaching its destination, as they usually do without diversion. It makes sense that the train would take the passenger to the destination intended, otherwise why would anyone get on a train with no destination? Businesses are not so reliable in … Continue reading ACCT 13017 Assessment 1 Step 2: Chapter 2 and Chapter 3 →

ACCT13017 Assessment 1 Step 1: Preface and Chapter 1

Since starting my degree at the end of 2018, I have learnt many skills and concepts, however I have not been required to use the key concepts and questions method required for this unit since studying ACCT11059. This is very daunting as I must learn how to think critically again, rather than just working out … Continue reading ACCT13017 Assessment 1 Step 1: Preface and Chapter 1 →

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ACCT13017 Assessment 1 – Step 3 (UPDATED)

My firm, Academies Australasia Group Limited, deliver tertiary education and training and offer more than 180 qualifications across Australia and Singapore. They have been operating for over 112 years, and although I have never heard of them, they seem to deliver quality education to students. They operate 18 colleges under different names with each college … Continue reading ACCT13017 Assessment 1 – Step 3 (UPDATED) →