Step 5:

This step has been a great learning experience on how financial statements really work. I am still working through the balancing part of my trial balance but I feel I am getting there. I just need to come back to it when I have a clearer mind and am not bogged down with other things. … Continue reading Step 5: →

Step 4:

The task of creating my own Income Statement has been one of reflection. I have realised that as a family we spent a lot of money at the V8 Supercars when they came to Townsville and we also spend a lot of money on groceries each month. I feel lucky in the fact that there … Continue reading Step 4: →

Hudaco Industries

Step 3: This term I have been allocated a South African firm named Hudaco Industries. They are a firm that supplies automotive parts, power tools, batteries, security equipment and communications equipment amongst other items to the African market. They have a personable relationship with international manufacturers and stock well-known brands such as Makita, Mercury, Bosch … Continue reading Hudaco Industries →

Step 9 – Capital Budgeting

Novogen Limited has two options to partner with a pharmaceutical firm to manufacture and distribute a life saving cancer preventative drug. Option 1: Sigma Healthcare This firm has agreed to buy back the manufacturing equipment used to produce the goods at a value of $80,000 once the 6 year contract is complete. Option 2: Sonofi … Continue reading Step 9 – Capital Budgeting →

Step 7 – Contribution Margin

Novogen Limited – my nominated firm is a research and drug development company so identifying three products was difficult. I have made a few assumptions around what selling price Novogen would calculate for their drugs considering they are in clinical trial stages only and don’t sell any product at this stage of the trials. Only … Continue reading Step 7 – Contribution Margin →

Step 8 – Economic Profit

I used the standard 10% when calculating the economic profit for Novogen Limited. I searched through the firm’s financial reports to see if they stated this figure anywhere and was unable to find it. Novogen’s economic profit figures are largely negative figures. I feel that this is due to the firm conducting research and clinical … Continue reading Step 8 – Economic Profit →

Step 8 – Ratio Analysis

My nominated company Novogen Limited (Kazia Therapeutics) is an interesting one. As they are a research and development company, they don’t have any of the typical sales revenue of other companies and their comprehensive income is constantly in deficit. The first hurdle I came across was finding the issued shares in their financial reports. Thanks … Continue reading Step 8 – Ratio Analysis →

Assignment 2 Step 3

Well I actually finished step 3 earlier than what I should have after following each week in moodle! I didn't realise it wasn't due at the time and wondered why step 1 was taking me so long. I was also hoping to have this available for feedback before now but life gets in the way … Continue reading Assignment 2 Step 3 →

Assignment 2 – Step 2 I’m still going

Ok so I have been going over and over chapter 6 and feel that I have finished this step. It's still a struggle but I'm happy with what I have written. Any feedback would be great. Step 2: Chapter 6: Understanding key cost relationships The concept of linking a company’s costs to cost objects as … Continue reading Assignment 2 – Step 2 I’m still going →

Assignment 2 – Step 2

I have found that I really struggle to express what I am reading and how it makes me feel. Also, the key concepts and questions I thought I had a handle on but going by my marks this is something I am still trying to figure out. My draft for step 2 is on the … Continue reading Assignment 2 – Step 2 →