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Financial Statements<br />Waleed Zafar & Alex<br />AFW1000<br />Tutor: Lau FookSeng<br />Monash University<br />
Introduction<br />What are the financial statements?<br />They are formal records of the financial activities of a busines...
Introduction<br />They consist of four key statements:<br />Balance Sheet<br />Income Statements<br />Cash Flow Statements...
Introduction<br />Creditors/Lenders<br />Investors<br />Who are the users of financial statements?<br />Managers<br />Tax ...
Introduction<br />Our chosen company is Qantas Airways<br />It is Australia’s largest airline <br />We have chosen to do t...
Responsibility of Senior Managements<br />While issuing the financial statements the senior management of Qantas need to m...
Responsibility of Senior Management<br />They also need to make sure that the financial statements are free from material ...
Auditors<br />Who are auditors?<br />A person who evaluate controls and attest to the fairness of the financial statements...
Auditors<br />The responsibilities of the auditors of Qantas are assisting the Board in fulfilling its corporate  governan...
Auditors<br />compliance by all employees with all policies including the Qantas Code of Conduct & Ethics<br />the integri...
Asset Management<br />Net Assets can be funded by either debt or equity<br />In the case of Qantas, this can identified by...
Asset Management<br />This equation shows the finance and profitability of the company<br /> It shows what proportion of t...
Conclusion<br />In order to become a successful airline in the future, Qantas needs to ensure that:<br />quality of the ai...
Thank You!<br />
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Accounts Presentation

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This is a presentation i did for the subjects Accounting &amp; Finance Principles. It is a financial analysis of Qantas Airways. A quite beginner level analysis since done in my first year first semester of University

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Transcript of "Accounts Presentation"

  1. 1. Financial Statements<br />Waleed Zafar & Alex<br />AFW1000<br />Tutor: Lau FookSeng<br />Monash University<br />
  2. 2. Introduction<br />What are the financial statements?<br />They are formal records of the financial activities of a business, person or other entity<br />
  3. 3. Introduction<br />They consist of four key statements:<br />Balance Sheet<br />Income Statements<br />Cash Flow Statements<br />Statements of Shareholder’s equity<br />Users can Make Economic Decisions<br />
  4. 4. Introduction<br />Creditors/Lenders<br />Investors<br />Who are the users of financial statements?<br />Managers<br />Tax Authorities<br />
  5. 5. Introduction<br />Our chosen company is Qantas Airways<br />It is Australia’s largest airline <br />We have chosen to do the analysis of the 2008 financial reports<br />
  6. 6. Responsibility of Senior Managements<br />While issuing the financial statements the senior management of Qantas need to make sure that:<br />The reports are in accordance with Australian Accounting Standards (AASB) and the Corporations Act 2001<br />Maintaining internal control while preparation and fair presentation of the reports<br />
  7. 7. Responsibility of Senior Management<br />They also need to make sure that the financial statements are free from material misstatement whether due to fraud or error<br />They also need to make sure that the financial statements and the notes complies with the International Financial Reporting Standards.<br />
  8. 8. Auditors<br />Who are auditors?<br />A person who evaluate controls and attest to the fairness of the financial statements<br />
  9. 9. Auditors<br />The responsibilities of the auditors of Qantas are assisting the Board in fulfilling its corporate governance responsibilities<br />The reliability and integrity of financial information<br />Compliance with legal and regulatory obligations<br />
  10. 10. Auditors<br />compliance by all employees with all policies including the Qantas Code of Conduct & Ethics<br />the integrity of the Qantas Group’s internal control framework<br />
  11. 11. Asset Management<br />Net Assets can be funded by either debt or equity<br />In the case of Qantas, this can identified by using the following equation:<br />
  12. 12. Asset Management<br />This equation shows the finance and profitability of the company<br /> It shows what proportion of total assets is financed by equity, and hence what proportion is financed by loans and non-equity shares.<br /> A low equity to assets ratio means much of the business is financed by loans, or non-equity shares, whereas a high equity to assets ratio means that most or all of the long-term capital is equity<br />By using the formula, we can see that Qantas has around 29% of its total assets funded by equity.<br /> This shows that the company has an average profitability and finance. Since the figures show an average loans and non equity shares<br />
  13. 13. Conclusion<br />In order to become a successful airline in the future, Qantas needs to ensure that:<br />quality of the airline service are well maintain, and continuously improving.<br />continue sustainability reporting/corporate social responsibility to benefit the society<br />deliver “the best” to its shareholders<br />manage risk efficiently<br />conduct operation in ethical way<br />
  14. 14. Thank You!<br />
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