BIZ201 - Accounting for Decision Making & Myer Department Store Case Study With Business Report Writing - Accounting Assignment Help

Assignment Task

Learning Outcomes

b) Apply relevant accounting concepts to simple business scenarios. 

c) Interpret and analyse the information contained in  general purpose financial statements, to evaluate the  overall financial position and performance of a business.

Myer Department Store

Myer is a department store chain that commenced in Australia in the 1900’s. Presently,  Myer operates more than 50 stores across Australia and sells a variety of products ranging  from electrical goods, homeware, fashion and beauty. In more recent years, Myer has faced  growing pressure from competitors in specialty sectors such as JB Hi-fi, Uniqlo, Zara and  online shopping outlets. 

In this assessment, your task is to analyse the financial data of Myer and devise solutions to  move this business forward. The analysis will be based on the data compiled from Myer’s  Annual Reports.

As this is a critical time for Myer, extensive financial investigation must be completed to  inform the decision-making process. Myer’s stakeholders are seeking increased growth,  profit and to become more competitive strategically. You are expected to complete an  Excel Workbook and Business Report for board members. 

Part 1 – Excel Workbook Calculations 

There are 3 consolidated reports pertaining to profit and loss, balance sheet and cash flow  activities for the most recent 5 years. In this section, you must show all of your workings,  that is, you must include the Excel formulas used in your calculations. Numbers only will not  be accepted. 

1. Vertical Analysis - Within the Balance Sheet worksheet, conduct a vertical analysis of the  2020 financial information. 

2. Ratio Analysis - Within the Income Statement worksheet, conduct a ratio analysis of years 2020 and 2019. Calculate listed ratios for profitability, efficiency, liquidity and solvency. Round your answers to two decimal places. 

Part 2 – Business Report 

1. Using the results of the Ratio Analysis in the Excel workbook, comment on Myer’s  Profitability, Efficiency, Liquidity and Solvency. 

2. Based on the results of your analysis, make recommendations on areas that need  improvement or further investigation. Include in your recommendations how Myer can  improve its growth, profit and competitiveness. 

3. With reference to the Statement of Cash Flow of Myer, give reasons for net  increase/decrease in cash and cash equivalents between 2020 and 2019. 

Report Format 

As this is a business report, the following sections and headings should be included in your  write up: 

Cover Page – Includes assessment title, student name and ID, subject name and code, lecturer’s  name, submission date, word count. Be creative while making your cover page. 

Executive Summary – An executive summary provides a succinct summary of the content within the  report. It presents information in such a way that readers are able to understand the intention and  key elements of the report without having to read the entire document. It is recommended to write  10-20% of your total word limit of the report. This section is not included in the word count. 

Table of Contents – A summary of the sections (headings/sub-headings) and page numbers. 

Introduction – The introduction sets the scene and provides context for the aim. It provides  background to the issues being addressed only. (Approximately 10% of word count) 

Main Discussion – (Rename the headings/sub-headings to reflect your report). This section should  provide information regarding the analysis you undertook addressing the key deliverables i.e. Part 2. 

Conclusion – The conclusion restates the aim then provides a brief and concise summary of the  discussion to demonstrate that the aim of the report has been achieved.

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