31 Dec 1.Brad Shelton is a Software consultant with Softw
1.Brad Shelton is a Software consultant with Software Solutions Ltd, an entity that sells software products to accounting firms and small businesses. At present, Mr Brad Shelton is analysing a number of software packages that focus on job costing. He needs to pick one package that he can recommend to his clients. Each software vendor is keen to have their software selected as it will result in a significant increase in sales for their company.Jennifer Jolie is a salesperson for software company Pitt Ltd. She has told Mr Brad Shelton that he should go to Los Angeles to analyse her company’s software package properly, because the programming experts there could give him a thorough demonstration. Ms Jennifer Jolie has also suggested that he take his family, so that he feels relaxed in a foreign country and is in the right frame of mind to undertake his analysis. She also suggests that Disneyland is worth visiting while Mr Brad Shelton is over there. Pitt Ltd would pick up the expenses for the trip.Required:a.Do you think MrBrad Shelton should take the trip? Outline any ethical concerns involved.(10 marks)b.Do you think the management ofSoftware Solutions Ltd should allow MrBrad Shelton to go on the trip? Justify your answer. (12 marks)c.Do you think thatSoftware Solutions Ltd should have a code of conduct? What would be the advantages and disadvantages to Software Solutions Ltd of having a code of conduct?(12 marks)2.Go tohttp://www.asx.com.au/asx/research/company.do#!/GXL or (www.Greencross ltd.com.au)web site and find the consolidated income statement and consolidated balance sheet for Greencross Ltd (GXL) in the 2016 annual report.Required:Answer the following questions.a.What is meant by Greencross Ltd ‘consolidated’ Profit or loss (income) statement?(7 marks)b.What is the total value of each of the following items at the end of the current reporting year for Greencross Ltd consolidated accounts?For each item classify as an asset, expense, revenue, equity or liability. Provide reasons for your classification. (14 marks)As at 30 June 2016 $000’i. Cash and cash equivalentsii. Marketing costsiii. Occupancycostsiv. Cost of sales of goodsv. Provisionsvi. Inventoriesvii. Property, plant and equipmentc.The key statistical data is provided at the bottom of the income statement. For each item, summarise the change occurring between 2015 and 2016 and what this means for Greencross Ltd. (20 marks)Item2015% Change2016% ChangeSummery (what this means for Greencross Ltd)Gross margin percentageOperating expensesRevenue GrowthNPATFinance costNon-current assetsNumber of stores and veterinary clinics at the end of the yearCash flow from operating activitiesd.What is the purpose of providing two years of comparative figures for the financial statements (i.e. 2015 and 2016)? How would this information be useful to one of Greencross Ltd’s shareholders? (10 marks)Please note: 10 marks are allocated for referencing, complying with formatting and submission requirements.Student nameStudent IDMarking Criteria Sheet: ACCT20051 and ACCT20077Assignment 1Word countAllowedActualQuestion 1 (a)200Question 1 (b)250Question 1 (c)250Question 2 (a)200Question 2 (b)250Question 2 (c)250Question 2 (d)200Marks availableMarks awardedQuestion 1 (a)10Question 1 (b)12Question 1 (c)12Question 2 (a)7Question 2 (b)14Question 2 (c)20Question 2 (d)10Referencing10Comply with formatting and submission requirements5Assignment total marks100Assignment Total out of 20 marks (20%)20
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