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    HI5020 Corporate Accounting Assignment:- Company name- Alesco Corporation Limited

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    In the file “Find Your Company” you will find the listed company you have been given for this course. This file will be made available on Friday of Week 4. Complete this assignment for the company you have been given. Please be careful to use the listed company you have been given. Your assignment will not be marked if you use a different company to the one you have been given; and you will be asked to resubmit your assignment using the right company.Go to the website of your company, by clicking on the URL next to your company in the list of companies in the file “Your Compa...

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    The current study is conducted for analysing the financial statement of CSR Limited to show its corporate and financial status in the market. CSR Limited is an industrial company of Australia use to produce building materials. It is a public company listed in Australian Securities Exchange founded in Sydney and having it’s headquarter in New South Wales. For the current study the most recent annual report which is published on 30th September 2017 (half yearly financial report) is been analysed. In Australia it is one of the most popular industrial companies operating its business with approx 3000 employees. As per the half yearly financial report of 2017, it has earned a net profit of $129.6 million (csr.com.au, 2017).

    1. List of elements in total equity of CSR Limited in the financial year 2016 and its changes:As per the half yearly financial report of 2017, CSR Limited of Australia is having total equity of $1257 million which consists of the following elements,1.    Issued Capital of $1036.2 million2.    Reserve of $(82.2) million3.    Retained Profit of $243.7 million4.    Non-controlling Interests of $59.3 million (member.afraccess.com, 2017)

    Issued Capital: Issued capital is the amount of share capital issued by the company to the shareholders. It is a part of the authorised capital of a company. Issued capital is share’s face value and it is also known as subscribed capital (Chaudhry et al. 2015). 

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

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