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BIZ201 Assessment 3 Brief XXXXXXXXXXPage 1 of 9 ASSESSMENT 3 BRIEF Subject Code and Title BIZ201 Accounting for Decision Making Assessment Scenario Analysis - Individual Individual/Group Individual...

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BIZ201 Assessment 3 Brief XXXXXXXXXXPage 1 of 9
ASSESSMENT 3 BRIEF
Subject Code and Title BIZ201 Accounting for Decision Making
Assessment Scenario Analysis - Individual
Individual/Group Individual
Length 1,500 words
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.
Submission By 11:55 pm AEST/AEDT Sunday of Module 4 (Week 8)
Weighting 30%
Total Marks 100 marks
Context:
This assessment is aimed at consolidating knowledge from Modules 1-3. By prescribing this
assessment, you are able to reflect on the understanding of accounting concepts and be
able to apply them to business scenarios like given in this
ief.
Instructions:
1. Answer questions in Part 1 and 2 at the end of this
ief.
2. Submit two files; Excel Workbook and Business Report
3. For calculation questions show all workings through appropriate Excel formulas. Copy
pasted numbers without appropriate Excel formulas will not be accepted.
4. Submit your assessment files using the following naming convention:
First Name_Last Name_BIZ201_Assessment3_Workbook.xlsx
First Name_Last Name_BIZ201_Assessment3_Report.doc

BIZ201 Assessment 3 Brief XXXXXXXXXXPage 2 of 9


Myer is a departmental store chain that began in Australia in the 1900’s. Presently, Myer operates
61 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 such
as JB Hi-fi, Uniqlo, Zara as well as the growth of online shopping.
In this assessment, your task is to analyse the financial data of Myer’s last five years of trading and
devise solutions to move the business forward. The analysis will be based on data compiled from
Myer’s Annual Reports. Some information is useful for this assessment includes:
Myer - https:
www.myer.com.au/content/about-us-myer
Annual Reports - http:
investor.myer.com.au/Reports/?page=Annual-Reports
As this present moment is quite critical for Myer, extensive financial investigation must be
completed to inform the decision-making process. Myer’s stakeholders are seeking increased
growth, profits and to become more competitive. You are expected to complete an Excel Workbook
and Business Report aimed at board members.
Myer Holdings Ltd
https:
www.myer.com.au/content/about-us-mye
http:
investor.myer.com.au/Reports/?page=Annual-Reports

BIZ201 Assessment 3 Brief XXXXXXXXXXPage 3 of 9
Part 1 – Excel Workbook Calculations

This Excel Workbook is available on learning portal under assessment section. There are 3
consolidated reports pertaining to profit and loss, balance sheet and cash flow activities for the most
ecent 5 years. In this section, you must show all of your workings, that is, you must use Excel
formulas to calculate your answers. Numbers only will not be accepted.
1. Vertical Analysis - Within the Balance Sheet worksheet, conduct a vertical analysis of the 2019
financial information.
2. Ratio Analysis - Within the Income Statement worksheet, conduct a ratio analysis of the last 2 years
of operations (2019 and XXXXXXXXXXDetermine the ratios listed in the areas of profitability, efficiency,
liquidity and solvency.
Part 2 – Business Report

1. Using the results of the Ratio Analysis in Excel workbook, comment on the organisation’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 the organisations can improve its
growth, profit targets and become more competitive.
3. With reference to Statement of Cashflows of Myer, compare and comment with reasons on net
increase/decrease in cash and cash equivalents in 2018 and 2019.
See the Report Format section for guidance on the report structure.
BIZ201 Assessment 3 Brief XXXXXXXXXXPage 4 of 9

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
eport 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 pages 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
ief and concise summary of the discussion to
demonstrate that the aim of the report has been achieved. No new information is to be included in the
conclusion. (Approximately 10% of word count)

References – It is essential that you use To
ens Academic Writing Guide – APA for citing and referencing
esearch. Please see more information on referencing here
http:
li
ary.laureate.net.au
esearch_skills
eferencing. Please see the marking ru
ic at the end of this
document for a guide to how many references you should be including in this report. References are not
included in the word count.

Appendices – This is where you provide supporting material which is unsuitable for inclusion in the body of
the report, but still has some value to contribute to the report. Note – if you have included an Appendices
section in your report, you must mention them in the main body.
http:
li
ary.laureate.net.au
esearch_skills
eferencing

BIZ201 Assessment 3 Brief XXXXXXXXXXPage 5 of 9
Appendix – Myer Holdings Financial Data

Table 1 Summary of Consolidated Income Statements

Note. Adapted from “Annual Reports”, by Myer Pty Ltd, 2019,
(http:
investor.myer.com.au/Reports/?page=Annual-Reports). In the public domain
http:
investor.myer.com.au/Reports/?page=Annual-Reports

BIZ201 Assessment 3 Brief XXXXXXXXXXPage 6 of 9
Table 2 Summary of Consolidated Balance Sheets

































































Note. Adapted from “Annual Reports”, by Myer Pty Ltd, 2019,
(http:
investor.myer.com.au/Reports/?page=Annual-Reports). In the public domain
http:
investor.myer.com.au/Reports/?page=Annual-Reports

BIZ201 Assessment 3 Brief XXXXXXXXXXPage 7 of 9



Table 3 Summary of Consolidated Cash Flows


Note. Adapted from “Annual Reports”, by Myer Pty Ltd, 2019,
(http:
investor.myer.com.au/Reports/?page=Annual-Reports). In the public domain
http:
investor.myer.com.au/Reports/?page=Annual-Reports
BIZ201 Assessment 3 Brief XXXXXXXXXXPage 8 of 9
Marking Ru
ic: Assessment 3

Assessment
Attributes
Fail
(Unacceptable)
0 – 49
Pass
(Functional)
50 – 64
Credit
(Proficient)
65 – 74
Distinction
(Advanced)
75 – 84
High Distinction
(Exceptional)
85 – 100









Grade Description
(Grading Scheme)
Fail grade will be awarded
if a student is unable to
demonstrate satisfactory
academic performance in
the subject or has failed to
complete required
assessment points in
accordance with the
subject’s required
assessment points.
Pass is awarded for work
showing a satisfactory
achievement of all learning
outcomes and an adequate
understanding of theory
and application of skills. A
consistent academic
eferencing system is used
and sources are
appropriately
acknowledged.
Credit is awarded for work
showing a more than
satisfactory achievement of
all learning outcomes and a
more than adequate
understanding of theory and
application of skills. A
consistent academic
eferencing system is used
and sources are appropriately
acknowledged.
Distinction is awarded for
work of superior quality in
achieving all learning
outcomes and a superior
integration and
understanding of theory
and application of skills.
Evidence of in-depth
esearch, reading, analysis
and evaluation is
demonstrated. A consistent
academic referencing
system is used and sources
are appropriately
acknowledged.
High Distinction is awarded
for work of outstanding
quality in achieving all
learning outcomes together
with outstanding
integration and
understanding of theory
and application of skills.
Evidence of
in‐depth research, reading,
analysis, original and
creative thought is
demonstrated. A consistent
academic referencing
system is used and sources
are appropriately
acknowledged.
Calculation of
financial metrics

30%
Demonstrates no
evidence of use excel
formulas and relevant
worksheets to calculate
appropriate ratios.
Demonstrates limited
evidence of use excel
formulas and relevant
worksheets to calculate
appropriate ratios.
Demonstrates consistent
evidence of use excel
formulas and relevant
worksheets to calculate
appropriate ratios.
Demonstrates an advanced
evidence of use excel
formulas and relevant
worksheets to calculate
appropriate ratios.
Consistently demonstrates
an advanced evidence of
use excel formulas and
elevant worksheets to
calculate appropriate
atios.
Understanding of
Profitability, Efficiency,
Liquidity and Solvency
of the
Answered Same Day Jul 20, 2021 BIZ201

Solution

Neenisha answered on Jul 22 2021
138 Votes
Myer Holding LTD
It is an Australian Departmental Store Chain which operates 61 stores in Australia. The product portfolio includes electrical goods, fashion products, beauty products and homeware products. The competitors were Zara, JB Hi – Fi, Uniqlo etc.
Vertical Analysis
The vertical Analysis of the company of the year 2019 tells the proportion of various assets and liabilities with respect to the total assets and liabilities. The total cu
ents forms 33.51% of the proportion of Total assets and the non - cu
ents forms the remaining 66.49%. In cu
ent assets inventories is a major stake at 26.97% while in non – cu
ent assets property, plant and equipment has 29.81% and intangible assets form 36.34% of the total assets.
Looking at liabilities side then the total liabilities are 53.21% of the total assets and remaining is formed by capital or equity of 46.79%. In liabilities, cu
ent liabilities are 35.06% of the total assets trade payables is a major proportion (28.96%). Non - cu
ent liabilities form 18.14% of the total assets in which long term bo
owings is a major proportion.
    Summary of Consolidated Balance Sheets 
    for 2015 - 2019  
     
    Vertical Analysis
    2019
    2018
    2017
    2016
    2015
     
    
    $ '000
    $ '000
    $ '000
    $ '000
    $ '000
    ASSETS
     
     
     
     
     
     
    Cu
ent assets
     
     
     
     
     
     
    Cash and cash equivalents
    3.69%
    47,450
    41,793
    30,591
    45,207
    53,323
    Trade and other receivables and prepayments
    2.42%
    31,114
    2,616
    27,602
    37,883
    30,363
    Inventories
    26.97%
    3,46,940
    3,66,839
    3,72,374
    3,96,297
    3,81,907
    Derivative financial instruments
    0.44%
    5,688
    6,725
    -
    351
    15,211
    Total cu
ent assets
    33.51%
    4,31,192
    4,41,973
    4,30,567
    4,79,738
    4,80,804
    Non-cu
ent assets
     
     
     
     
     
     
    Property, plant and equipment
    29.81%
    3,83,487
    4,24,076
    4,60,211
    4,45,379
    4,69,006
    Intangible assets
    36.34%
    4,67,604
    4,85,151
    9,85,657
    10,19,671
    9,16,108
    Derivative financial instruments
    0.01%
    101
    269
    -
    80
    -
    Investment in associate
     
    -
    -
    -
    9,203
    -
    Other non-cu
ent assets
    0.33%
    4,228
    1,529
    2,094
    2,271
    2,614
    Defe
ed tax assets
     
    -
    -
    -
    -
    18,016
    Total non-cu
ent assets
    66.49%
    8,55,420
    9,11,025
    14,47,962
    14,76,604
    14,05,744
    Total assets
    100.00%
    12,86,612
    13,52,998
    18,78,529
    19,56,342
    18,86,548
    LIABILITIES
     
     
     
     
     
     
    Cu
ent liabilities
     
     
     
     
     
     
    Trade and other payables
    28.96%
    3,72,653
    3,81,156
    3,79,740
    4,00,590
    3,87,182
    Provisions
    5.00%
    64,386
    70,007
    87,295
    94,228
    85,728
    Defe
ed income
    0.64%
    8,295
    10,294
    9,817
    10,812
    6,997
    Derivative financial instruments
    0.01%
    132
    64
    7,944
    7,127
    99
    Cu
ent tax liabilities
    0.41%
    5,280
    4,321
    1,627
    7,033
    512
    Other liabilities
    0.03%
    373
    472
    591
    795
    871
    Total cu
ent liabilities
    35.06%
    4,51,119
    4,66,314
    4,87,014
    5,20,585
    4,81,389
    Non-cu
ent liabilities
     
     
     
     
     
     
    Bo
owings
    6.69%
    86,134
    1,49,165
    1,43,367
    1,47,273
    4,41,179
    Provisions
    0.95%
    12,273
    11,856
    13,821
    19,754
    21,198
    Defe
ed income
    6.23%
    80,158
    80,629
    75,927
    69,702
    75,112
    Defe
ed tax liabilities
    4.26%
    54,869
    60,981
    84,574
    88,444
    -
    Other liabilities
     
    -
     
     
     
     
    Derivative financial...
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