FA Assignment12

 FA Assignment12 Essay


Table of content

1 ) Summary of key activities of two companies

1 . 1 Woolworths Limited ---------------------------------------------------------- 3

1 . 2 Wesfarmers Limited ---------------------------------------------------------- 3

installment payments on your Main issues of two companies

2 . 1 Woolworths Limited ---------------------------------------------------------- 4

2 . 2 Wesfarmers Limited ---------------------------------------------------------- 5

a few. Significant accounting policies

three or more. 1 Woolworth Limited ----------------------------------------------------------- 5

a few. 2 Wesfarmers Limited ---------------------------------------------------------- 6

4. Difference between accounting policies and accounting estimates

4. 1 Accounting policies ------------------------------------------------------------ 7

5. 2 Accounting estimated --------------------------------------------------------- 8

a few. Statement of financial performance- Profits statement

5. you Woolworths Limited ---------------------------------------------------------- 8

5. 2 Wesfarmers Limited ---------------------------------------------------------- on the lookout for

6. Suggestions

6. one particular WoolWorths Limited --------------------------------------------------------- 9

6. two Wesfarmers Limited ---------------------------------------------------------10

several. Reference --------------------------------------------------------------------------- 11

almost eight. Appendix --------------------------------------------------------------------------- 12

Exec summary

Australia has one of the concentrated grocery store markets on the globe. Woolworths limited and Wesfarmers limited made up almost 70 % of supermarket revenue, 60% of alcohol selling, 50% of petro selling and forty percent of all full in Australia. They are the major competitors to each other inside the consumer staples sector. Throughout the financial 12 months of 2013, both of the companies were facing some internal and external challenges including the change of consumer activity level, unforeseen market state or the disadvantage of implementing the strategy which the company began before. This report described the in brief information of two firms and the economical performances through 5 years, and thoughtful the feasible suggestions for those two companies to boost their efficiency in the future.

1 . Summary of key actions of two companies

1 . 1 Woolworths Limited

Woolworths Limited can be described as major Australian company with extensive retail interest through Australia and New Zealand. It was exposed their first store in 1924 in Sydney. After many years hard working, they become the biggest retail company in Australia and New Zealand by industry capitalization and sales, plus the largest foodstuff retailer nationwide and the second largest in New Zealand (Wikipedia, 2014). Woolworth Limited operated a variety of classes including Petro- procurement of petroleum products for resale through 613 canopies around Australia; Big W- purchase of discount general merchandise products intended for resale through 178 stores in Australia; Hotel- provision of leisure and hospitality providers including food and alcoholic beverages, accommodation, entertainment and video gaming through 326 premium hotels; and home improvement- purchase of do it yourself products for resale through 26 equipment stores and 31 grasp stores nationwide. The company at present operates 1063 supermarkets in Australia and New Zealand, and has 1355 liquor outlets including BWS, Dan Murphy's, Langtons and Cellarmasters Brands. WOW likewise operated the organization through on the web channels. Woolworths Limited is a proud, homegrown Australian organization, employer greater than 197000 persons and determined business companions of many thousand local maqui berry farmers, producers and manufactures (Woolworths Limited annual report, 2013).

1 . two Wesfarmers Limited

Wesfarmers Limited is one among Australia's major public...

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