ACCT13017

Draft Assignment 1

Hi everyone,

I have attached my draft for assignment one and I am ready to give feedback to others and also hoping to receive some good feedback especially on the ratios part and my decision with the allocation of cash and cash equivalents .

I was unable to find any dividends paid to shareholders for my firm. I have added some evidence in my spreadsheet to support no dividends being paid in the past. Has anyone else found this with their firm?

With allocating the cash and cash equivalents I decided to allocate 10% to operating activities instead of the suggested 1% due to the higher percentages for my firm. One other student posted whether they should allocate higher than 1%, did anyone else need to make decisions like this for their firm?

Comparing with other firms will be interesting to see the results of the ratios for the different firms in the same industry.

Thanks for reading

Also here is a link to Step 1,2 and 6 if you wish to have a look 🙂

https://melsergiacomi.home.blog/2022/07/27/step-1-2-kcqs/

https://melsergiacomi.home.blog/2022/07/31/step-6-kcq/

3 thoughts on “Draft Assignment 1”

  1. I understand your relief at getting a company you know. My allocated company was in the tech industry too but I had never heard of Nitro. Xero I would be much more familiar with. I had similar struggles as to whether to allocate 1% or more of cash. In the end, though, I ended up just going with 1%. I too saw big year-on-year changes.

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