HI5017 Managerial Accounting Trimester 3 2018 Individual Assignment Holmes Institute
Format of the Report:
1. You should at least have the following details:
2. Diagrams and tables clearly labelled and explained.
3. Ensure all materials are correctly referenced.
Instructions for Preparation of Assignment:
You are to choose one ASX listed company from the list available in Blackboard and register your chosen company with your lecturer in class or via email before commencing the assignment. You need to access the 2018 Annual Report for your chosen company.
You are required to prepare a report to comment on the budgeted income statement for the following Financial Year. The report should cover the followings:
a. An explanation of the elements of the Master Budget.
b. A discussion about the comparison of top-down and bottom-up approach to the budget process and analyse which one is more suitable for your chosen company.
c. Based on the 2018 Annual Report, produce budgeted income statement for 2019 with the following changes: (i) Sales are projected to grow by 10%, (ii) Costs of Goods Sold are projected grow by 8% and (iii) Expenses are projected to grow by 2%.
d. Present the Budgeted Income Statement for 2019 and Actual Income Statement for 2018. Compare the data and provide your opinion on the changes.
Please note that as stated in your assignment details by the Unit Coordinator, you have to send in your ASX Listed Company for pre-approval before you start your assignment. If the company has been taken by another person, you cannot do research on it. Do not wait for the last minute to seek approval.