BACC001: Short Answer Company Assignment 20% Find the most recent annual report for your company and answer each question below. My company name is: _____________________________________   Title Page: include your company name and your name and student number   1.    OVERVIEW: Give an overview of your company by filling in the following table with key points: Company name Stockland Industry sector   Products and/or services   Customers   Head office location   Business locations     2.    INCOME STATEMENT: Take a screenshot of the Income Statement and include this in your answer.   2.1  Find the largest revenue on the Income Statement and fill in the table. Name 2019 $m 2018 $m Difference Horizontal Analysis Write the name of the revenue here           2.2  Find the largest expense on the Income Statement and fill in the table. Name 2019 $m 2018$m Difference Horizontal Analysis Write the name of the expense here         Vertical Analysis             2.3 Find the profit for the year on the Income Statement and fill in the table. Name 2019 $m 2018 $m Difference Horizontal Analysis Write the name of the profit here         Vertical Analysis             2.4 Overall Analysis: Give an overall analysis of the performance of the company. The financial statements tell a story about the business. What is the story for the profit/performance for this company? Look at the start of the annual report, and newspaper sources, research the overall performance for the year. What are the specific factors that have impacted on the company profit this year, compared to last year? Summarise your answer in one or two paragraphs. Include in-text citations.   3.    BALANCE SHEET: Take a screenshot of the Balance Sheet and include this in your answer. Choose Receivables or Inventory from Current Assets. Make sure it also has an accompanying note. Fill in these two tables: Name 2019 $m 2018 $m Difference Horizontal Analysis Receivables OR Inventory (delete one of these)         Total Assets           Vertical Analysis               Numerator (top number) Denominator (bottom numbers) Answer Receivables turnover ratio OR Inventory turnover ratio         4.    FINANCIAL STATEMENT NOTES: Find the accompanying note for the asset chosen in Question 3 (Receivables or Inventory). Take a screen shot and include this in your answer. 4.1 Summarise the information found in this note. 4.2  In general, why are the notes included in the annual report?   5.    NEWSPAPER ARTICLE: find a 2020 Australian newspaper article relating to your company and COVID19. Take a screenshot of the article and copy it into your answer. (If the article is very long you may include just the first section of the article) (Use: smh.com.au, theaustralian.com.au, theage.com.au, afr.com You can access these for free on the UTS library databases) 5.1 SUMMARY: Give a summary in your own words of the article: write a one paragraph summary of the article key points. 5.2 ANNUAL REPORT: How will the COVID19 pandemic impact on the 2020 financial results for your company? Be specific in your answer and discuss items on the Income Statement and Balance Sheet.   6.    ETHICS: 6.1 Explain some accounting method choices that a company may make, and how the choices may impact on profit. In your answer discuss choices related to inventory and receivables. 6.2 Earnings management: Explain what earnings management is. During an economic crisis, how might management try to manage earnings?   Is it ethical for a company to manage their earnings?