A20466 Financial Performance_Assessments_v1.0

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A20466 FINANCIAL PERFORMANCE FNSACC608 Evaluate organisation’s financial performance Assessments Young Rabbit Pty Ltd (ABN 28 003 381 182) trading as Australian Pacific College RTO Code: 90396 | CRICOS Provider Code: 01331F | © 2023 FNS60222 ADVANCED DIPLOMA OF ACCOUNTING

2 A20466 Financial Performance | FNS60222 Advanced Diploma of Accounting | Assessments v1.0 Young Rabbit Pty Ltd (ABN 28 003 381 182) trading as Australian Pacific College RTO Code: 90396 | CRICOS Provider Code: 01331F | © 2023 Contents Introduction ��3 Assessment Mapping ��4 Assessment 1��7 Assessment 2��14

3 A20466 Financial Performance | FNS60222 Advanced Diploma of Accounting | Assessments v1.0 Young Rabbit Pty Ltd (ABN 28 003 381 182) trading as Australian Pacific College RTO Code: 90396 | CRICOS Provider Code: 01331F | © 2023 Introduction This subject, A20466 Financial Performance , in the FNS60222 Advanced Diploma of Accounting , comprises two Assessments� The following table summarises the information about each assessment� APC is using Rubric for assessment marking� A rubric is a tool used to interpret and grade students’ work against a set of criteria� Assessment 1 Assessment 2 Due Date Session 5 (*Not Week 5) Session 8 (*Not Week 8) Weighting 50% 50% Grading Method Rubric Rubric Submission Method Students are required to submit their assessments to myAPC�hub� Feedback The results will be available within 7 days after the due date of the assessment� Instructions 1� Assessments should be completed as per your trainer’s instructions� 2� Assessments must be submitted by the due date to avoid a late submission penalty� 3� Plagiarism is copying someone else’s work and submitting it as your own� You must write your answers in your own words and include a reference list� You are required to run the plagiarism report on your assessments prior to the submission, and ensure that the plagiarism score is below 30%� A mark of zero will be given for any assessment or part of an assessment that has been plagiarised� 4� You may discuss your assessments with other students, but submitting identical answers to other students will result in a zero mark� Your answers must be yours alone� 5� All the assessments must be submitted to myAPC�hub� 6� You must attempt all questions in the assessment� 7� You must get satisfactory results on both assessments to pass the subject� 8� All assessments are to be completed in accordance with WHS regulatory requirements�

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4 A20466 Financial Performance | FNS60222 Advanced Diploma of Accounting | Assessments v1.0 Young Rabbit Pty Ltd (ABN 28 003 381 182) trading as Australian Pacific College RTO Code: 90396 | CRICOS Provider Code: 01331F | © 2023 Assessment Mapping Subject: A20466 Financial Performance Unit of Competency: FNSACC608 Evaluate organisation’s financial performance Element Performance Criteria Assessment 1 Assessment 2 1� Evaluate returns to operations 1�1 Trend cash flow and profitability patterns to identify current position and expected returns from investments and projected operations PART B: Task 1: Q1, Q2 1�2 Disaggregate averaged returns to assess strengths and weaknesses in organisational performance PART B: Task 1: Q1, Q2 1�3 Evaluate investment returns against risk, profit and capital budget requirements PART B: Task 2 2� Determine short- term and long-term needs 2�1 Identify resources required by organisation to meet short-term and long-term obligations, and cost using standard financial analysis techniques PART B: Task 1: Q3 2�2 Establish and review financial priorities based on reported performance and identified trends, organisational objectives and expected returns to operations and investments PART B: Task 1: Q4 2�3 Review financial options and conduct analysis of range of possible assets and liabilities to optimise capital mix to support operations and trading need Q1, Q2 2�4 Evaluate and document organisational policy and procedures for expenditures and investments to ensure relevance to changing personnel profiles Q3 2�5 Analyse debt to equity targets in terms of organisation’s expected performance and establish in line with organisational objectives using standard accounting techniques Q1, Q2 3� Review performance 3�1 Ensure forecasts made are justifiable given observed trends, information, events and assumptions, with standard errors calculated to produce levels of accuracy suitable for planning purposes Q4 3�2 Regularly review forecasts in line with actual performance and alternative sources of information Q4 3�3 Assess risk strategies for long-term viability and harmonise with short-term goals and obligations Q4

5 A20466 Financial Performance | FNS60222 Advanced Diploma of Accounting | Assessments v1.0 Young Rabbit Pty Ltd (ABN 28 003 381 182) trading as Australian Pacific College RTO Code: 90396 | CRICOS Provider Code: 01331F | © 2023 Performance Evidence Assessment 1 Assessment 2 Evidence of the ability to: • evaluate returns to operations using standard financial analysis and accounting techniques, and following organisational policy and procedures PART B • determine long-term and short-term organisational needs PART B: Task 1: Q3 • review and monitor financial performance across an organisation PART B • assess risk strategies and make recommendations regarding financial performance� Q4 Knowledge Evidence Assessment 1 Assessment 2 To complete the unit requirements safely and effectively, the individual must: • discuss techniques for developing long-term and short-term plans, and determining financial priorities Part A: Q2, Q3 • explain the purpose and key features of standard financial analysis techniques and business review processes Part A: Q1 • explain the role of audits in evaluating financial performance Part A: Q4 • discuss ethical considerations in evaluating financial performance Part A: Q5 • identify and explain the key features of financial legislation relating to the evaluation of financial performance Part A: Q6 • identify and explain the key principles of: - cash flow and budgetary control Part A: Q7 - cost–benefit analysis and use of forecasting techniques Part A: Q7 - internal control, including statutory requirements Part A: Q7 • outline the key features of organisational structures and lines of management authority Part A: Q7 • discuss strategies for risk identification and management� Part A: Q8 Q4 Foundation Skills Performance Criteria Skill Description Reading • Accesses, analyses and synthesises key information from complex sources to evaluate financial performance 2�2-2�4 Writing • Prepares forecasts, financial options and clear written advice using logical structure, correct terminology and writing style that matches the audience and intended purpose 2�2, 2�4, 3�1 Numeracy • Performs mathematical calculations and uses a range of mathematical problem-solving techniques to analyse trends and to estimate and forecast financial data 1�1-1�3, 2�1- 2�3, 2�5, 3�1, 3�2 Navigate the world of work • Takes a lead role in evaluating performance against the achievement of organisational goals and objectives, taking into account legal or regulatory obligations 2�1-2�5, 3�1

6 A20466 Financial Performance | FNS60222 Advanced Diploma of Accounting | Assessments v1.0 Young Rabbit Pty Ltd (ABN 28 003 381 182) trading as Australian Pacific College RTO Code: 90396 | CRICOS Provider Code: 01331F | © 2023 Foundation Skills Performance Criteria Skill Description Get the work done • Takes responsibility for planning, sequencing, scheduling and monitoring complex tasks and own workload to achieve organisational goals and objectives • Uses systematic analytical problem-solving processes in complex, routine and non-routine situations, gathering information and identifying and evaluating options against criteria • Uses digital technologies to access, enter and extract relevant information to achieve required outcomes 1�1-1�3, 2�1- 2�5, 3�2-3�3

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7 A20466 Financial Performance | FNS60222 Advanced Diploma of Accounting | Assessments v1.0 Young Rabbit Pty Ltd (ABN 28 003 381 182) trading as Australian Pacific College RTO Code: 90396 | CRICOS Provider Code: 01331F | © 2023 Assessment 1 Qualification FNS60222 Advanced Diploma of Accounting Subject A20466 Financial Performance Assessment method Part A: Written Responses Part B: Case Study Weighting 50% Unit of Competency FNSACC608 Evaluate organisation’s financial performance Important Note to Students: Please read the Assessment Mapping carefully when preparing your assessments to ensure the relevant Performance Criteria, Performance Evidence and Knowledge Evidence for each question are met� Part A: Written Responses Any business’s success is ultimately determined by how well it operates and how accurately you measure its financial performance� To ensure that the appropriate measurements are identified, it is crucial to have clarity on the basic concepts of financial performance� This first part of your assessment focuses on assessing your understanding of key concepts relevant to this subject� Answer each question carefully and reference properly when necessary� See here an example of a reference: Jaiswal, S�, Sharma, R�, & Bhojani, S� (2022, July 14)� What Is Financial Performance Analysis And Its Concepts? Emeritus� Retrieved March 8, 2023, from https://emeritus�org/in/learn/what-is-financial-performance- analysis-and-its-concepts/ 1� What is the purpose of financial ratios ? Explain their key features and provide two examples� 2� Explain the Working capital ratio and explain how it can be used for developing long- term and short-term plans for the business� 3� Explain in your words the operating cycle , and explain how it can be used for determining financial priorities in the business� 4� a� What is an audit ? b� What is its role in evaluating financial performance ? 5� Compliance and legal requirements are not the only standards that should be taken into account when evaluating the financial performance of a business� Ethical considerations are also important� Discuss in at least 60 words the importance of ethical considerations when evaluating the financial performance of an organisation�

8 A20466 Financial Performance | FNS60222 Advanced Diploma of Accounting | Assessments v1.0 Young Rabbit Pty Ltd (ABN 28 003 381 182) trading as Australian Pacific College RTO Code: 90396 | CRICOS Provider Code: 01331F | © 2023 6� According to the Australian Securities and Investments Commission “Company directors must pass and store a solvency resolution within two months of the annual review date, unless you have lodged a financial report with ASIC in the past 12 months”� Research the ASIC site and answer the following questions� a� What is a solvency resolution? b� What is a positive solvency resolution? c� What is a negative solvency resolution? 7� Define the following terms in no more than 50 words each: a� cash flow b� budgetary control c� cost–benefit analysis d� forecasting techniques e� internal control measures like statutory requirements f� organisational structures and lines of management 8� Choose any of the following risk management strategies and explain it with an example for financial performance: - Risk acceptance� - Risk transference� - Risk avoidance� - Risk reduction� Part B: Case Study Evaluate returns to operations Task 1: Trend cash flow and profitability patterns You have been hired by Investments Horizon as a Financial Analyst� The company focuses on selling two investment packages (Package A and Package B) to professional investors� Your task is to evaluate the return on operations of the business for the last 2 financial years, 2022 and 2023� These are the reports� Inves Cash Flow Statement For the Year Ending 30/6/2022 Operations Cash receipts from Sales of package A $ 588,987�00 Sales of package B $ 657,890�00 Cash paid for Inventory purchases $ (224,000�00) General operating and administrative expenses $ (102,000�00) Wage expenses $ (103,000�00) Interest $ (10,500�00) Taxes $ (32,800�00) Net Cash Flow from Operations $ 774,577.00

9 A20466 Financial Performance | FNS60222 Advanced Diploma of Accounting | Assessments v1.0 Young Rabbit Pty Ltd (ABN 28 003 381 182) trading as Australian Pacific College RTO Code: 90396 | CRICOS Provider Code: 01331F | © 2023 Investing Activities Cash receipts from Sale of property and equipment $ 33,600�00 Cash paid for Purchase of property and equipment $ (75,000�00) Making loans to other entities Net Cash Flow from Investing Activities $ (41,400.00) Financing Activities Cash receipts from Issuance of stock Borrowing Cash paid for Purchase of Investments packages $ (34,000�00) Net Cash Flow from Financing Activities $ (34,000.00) Net Cash Flow for the period $ 699,177.00 Cash at Beginning of Year $ 150,000.00 Net Increase in Cash $ 849,177.00 Investments Horizon Cash Flow Statement For the Year Ending 30/6/2023 Operations Cash receipts from Sales of package A $ 824,581�80 Sales of package B $ 723,679�00 Cash paid for Inventory purchases $ (201,600�00) General operating and administrative expenses $ (91,800�00) Wage expenses $ (92,700�00) Interest $ (9,450�00) Taxes $ (29,520�00) Net Cash Flow from Operations $ 1,123,190.80 Investing Activities Cash receipts from Sale of property and equipment $ 75,000�00

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10 A20466 Financial Performance | FNS60222 Advanced Diploma of Accounting | Assessments v1.0 Young Rabbit Pty Ltd (ABN 28 003 381 182) trading as Australian Pacific College RTO Code: 90396 | CRICOS Provider Code: 01331F | © 2023 Cash paid for Purchase of property and equipment $ (1,000,000�00) Making loans to other entities Net Cash Flow from Investing Activities $ (925,000.00) Financing Activities Cash receipts from Issuance of stock Borrowing Cash paid for Purchase of Investments packages $ (34,000�00) Net Cash Flow from Financing Activities $ (34,000.00) Net Cash Flow for the period $ 164,190.80 Cash at Beginning of Year $ 849,177.00 Net Increase in Cash $ 1,013,367.80 Required: After carefully reviewing both statements, complete the following tasks� 1� Use the following template and calculate the absolute (in money) and percentage (%) variances for all items by comparing both cash flows� Identify at least 3 major variances and explain what the implications of these variances are�

11 A20466 Financial Performance | FNS60222 Advanced Diploma of Accounting | Assessments v1.0 Young Rabbit Pty Ltd (ABN 28 003 381 182) trading as Australian Pacific College RTO Code: 90396 | CRICOS Provider Code: 01331F | © 2023 Investments Horizon Investments Horizon Cash Flow Statement Cash Flow Statement For the Year Ending For the Year Ending 30/6/2022 30/6/2023 Operations Operations Variance $ Variance % Cash receipts from Cash receipts from Sales of package A $ 588,987�00 Sales of package A $ 824,581�80 Sales of package B $ 657,890�00 Sales of package B $ 723,679�00 Cash paid for Cash paid for Inventory purchases $ (224,000�00) Inventory purchases $ (201,600�00) General operating and administrative expenses $ (102,000�00) General operating and administrative expenses $ (91,800�00) Wage expenses $ (103,000�00) Wage expenses $ (92,700�00) Interest $ (10,500�00) Interest $ (9,450�00) Taxes $ (32,800�00) Taxes $ (29,520�00) Net Cash Flow from Operations $ 774,577.00 Net Cash Flow from Operations $ 1,123,190.80 Investing Activities Investing Activities Variance $ Variance % Cash receipts from Cash receipts from Sale of property and equipment $ 33,600�00 Sale of property and equipment $ 75,000�00 Cash paid for Cash paid for Purchase of property and equipment $ (75,000�00) Purchase of property and equipment $ (1,000,000�00) Making loans to other entities Making loans to other entities Net Cash Flow from Investing Activities $ (41,400.00) Net Cash Flow from Investing Activities $ (925,000.00) Financing Activities Financing Activities Variance $ Variance % Cash receipts from Cash receipts from Issuance of stock Issuance of stock Borrowing Borrowing Cash paid for Cash paid for Purchase of Investments packages $ (34,000�00) Purchase of Investments packages $ (34,000�00) Net Cash Flow from Financing Activities $ (34,000.00) Net Cash Flow from Financing Activities $ (34,000.00) Net Cash Flow for the period $ 699,177.00 Net Cash Flow for the period $ 164,190.80 Cash at Beginning of Year $ 150,000.00 Cash at Beginning of Year $ 849,177.00 Net Increase in Cash $ 849,177.00 Net Increase in Cash $ 1,013,367.80

12 A20466 Financial Performance | FNS60222 Advanced Diploma of Accounting | Assessments v1.0 Young Rabbit Pty Ltd (ABN 28 003 381 182) trading as Australian Pacific College RTO Code: 90396 | CRICOS Provider Code: 01331F | © 2023 2� Provide an analysis of the following aspects between the two financial years� a� What is the current position of the organisation? Positive or negative? Briefly explain using your variances results� b� What is the trend in the net cash flow and profitability of the organisation? Briefly explain using your variances results� c� How did each package perform (Package A and Package B)? Briefly explain using your variances results� 3� Calculate the inventory purchases to cash operations ratio (inventory purchases/cash operations %) and answer the following questions� a� What was the inventory performance of the organisation? Explain based on the results of the ratio� b� What can the organisation do to meet short-term and long-term inventory obligations? Explain at least one strategy� c� What can the organisation do to ensure that cost does not affect profitability? Explain at least one strategy� 4� Your next task is to forecast the cash flow for 2024� You have been given some information about the organisation’s objectives and expected returns to operations and investments� Carefully review the information as below and complete the cashflow forecast for 2024 using the template provided� Expected Changes for 2024 in relation to 2023 Description Value Description Sales of package A 20% Increase Sales of package B 20% Increase Inventory purchases -15% Decrease General operating and administrative expenses -10% Decrease Wage expenses -6% Decrease Interest 0% Remains the same Taxes 0% Remains the same Sale of property and equipment $ 150,000�00 Value increase Purchase of property and equipment $ 25,000�00 Value increase Making loans to other entities $ - Remains the same Issuance of stock $ - Remains the same Borrowing $ - Remains the same Purchase of Investments packages $ 120,000�00 Value increase

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13 A20466 Financial Performance | FNS60222 Advanced Diploma of Accounting | Assessments v1.0 Young Rabbit Pty Ltd (ABN 28 003 381 182) trading as Australian Pacific College RTO Code: 90396 | CRICOS Provider Code: 01331F | © 2023 Investments Horizon Cash Flow Statement For the Year Ending 30/6/2024 Operations Cash receipts from Sales of package A Sales of package B Cash paid for Inventory purchases General operating and administrative expenses Wage expenses Interest Taxes Net Cash Flow from Operations Investing Activities Cash receipts from Sale of property and equipment Cash paid for Purchase of property and equipment Making loans to other entities Net Cash Flow from Investing Activities Financing Activities Cash receipts from Issuance of stock Borrowing Cash paid for Purchase of Investments packages Net Cash Flow from Financing Activities Net Cash Flow for the period Cash at Beginning of Year Net Increase in Cash Task 2: Evaluate investment returns Calculate the expected return on a stock, using the Capital Asset Pricing Model (CAPM) � This is the information provided about your investment: • Current yield on the government’s 10-year bonds is 3�5% • The market return premium is 8�5% • The beta of the stock is 1�25 Required: What is the expected return of the security using the CAPM formula? – END –

14 A20466 Financial Performance | FNS60222 Advanced Diploma of Accounting | Assessments v1.0 Young Rabbit Pty Ltd (ABN 28 003 381 182) trading as Australian Pacific College RTO Code: 90396 | CRICOS Provider Code: 01331F | © 2023 Assessment 2 Qualification FNS60222 Advanced Diploma of Accounting Subject A20466 Financial Performance Assessment method Case Study Weighting 50% Unit of Competency FNSACC608 Evaluate organisation’s financial performance Important Note to Students: Please read the Assessment Mapping carefully when preparing your assessments to ensure the relevant Performance Criteria, Performance Evidence and Knowledge Evidence for each question are met� Case Study: Review performance As a financial analyst for a consultancy group you have been requested to analyse the financial performance of TESLA and present a report on your findings� You have been provided with the TESLA balance sheet for 2022� Carefully read the case study information and answer the questions that follow� TESLA, Inc. (TSLA) Balance Sheet 30/12/2022 Current Assets Cash $ 16,253,000�00 Other short-term investments $ 5,932,000�00 Net receivables $ 2,952,000�00 Inventory $ 12,839,000�00 Other current assets $ 2,941,000�00 Total current assets $ 40,917,000�00 Non-current assets Property, plant and equipment $ 36,635,000�00 Goodwill $ 194,000�00 Intangible assets $ 399,000�00 Other long-term assets $ 4,193,000�00 Total non-current assets $ 41,421,000�00 Total Assets $ 82,338,000.00

15 A20466 Financial Performance | FNS60222 Advanced Diploma of Accounting | Assessments v1.0 Young Rabbit Pty Ltd (ABN 28 003 381 182) trading as Australian Pacific College RTO Code: 90396 | CRICOS Provider Code: 01331F | © 2023 Liabilities Current liabilities Current debt $ 1,016,000�00 Accounts payable $ 15,255,000�00 Accrued liabilities $ 7,274,000�00 Deferred revenues $ 2,810,000�00 Other current liabilities $ 354,000�00 Total current liabilities $ 26,709,000�00 Non-current liabilities Long-term debt $ 1,029,000�00 Deferred tax liabilities $ 82,000�00 Deferred revenues $ 2,804,000�00 Other long-term liabilities $ 5,816,000�00 Total non-current liabilities $ 9,731,000�00 Total liabilities $ 36,440,000�00 Equity Stockholders’ equity $ 3,000�00 Retained earnings $ 12,885,000�00 Accumulated other $ (361,000�00) Other $ 33,371,000�00 Total stockholders’ equity $ 45,898,000�00 Total liabilities and stockholders equity $ 82,338,000.00 Required: 1� Knowing that the capital structure or capital mix of a company describes the amount of debt and/or equity used to finance both its operations and its assets, or in other words, the relationship of liabilities and equity to total assets, complete the following questions� a� Determine/Calculate the capital mix of TESLA� b� What can TESLA do to ensure that their capital mix is optimal and efficient? Explain at least one strategy� c� What assets or liabilities could TESLA focus on to ensure their capital mix is optimal? 2� Using TESLA’s Balance Sheet, calculate the following financial ratios and briefly explain what the results mean: - Working capital ratio - Current ratio - Debt to equity ratio 3� TESLA’s annual research and development expenses for 2022 were $3�075B, a 18�59% increase from 2021� TESLA annual research and development expenses for 2021 were $2�593B, a 73�91% increase from 2020� TESLA annual research and development expenses for 2020 were $1�491B, a 11�02% increase from 2019�

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16 A20466 Financial Performance | FNS60222 Advanced Diploma of Accounting | Assessments v1.0 Young Rabbit Pty Ltd (ABN 28 003 381 182) trading as Australian Pacific College RTO Code: 90396 | CRICOS Provider Code: 01331F | © 2023 a� What conclusions can you make from these research and development expenses figures? Explain� b� What recommendations would you make so TESLA can improve their organisational procedures for expenditures and investment? c� You have been asked to develop the objectives for the new TESLA research and development expenditure policy and procedure� Your task is to formulate broad objectives that cover the following factors� Ensure that you formulate one clear objective per factor: i� Security ii� Liquidity iii� Yield 4� The finance department of TESLA has provided you with forecasting information to determine the Income Statement for 2024� Initially you have been given the income statement breakdown as at January 2023 and also the expected changes for 2024� Find the reports here: TESLA, Inc. (TSLA) Income statement Breakdown 30/1/2023 Income statement Breakdown All numbers in thousands Total revenue $ 81,462,000�00 Cost of revenue $ 60,609,000�00 Gross profit $ 20,853,000.00 Operating expenses Research development $ 3,075,000�00 Selling general and administrative $ 3,946,000�00 Total operating expenses $ 7,021,000�00 Operating income or loss $ 13,832,000�00 Interest expense $ 191,000�00 Total other income/expenses net $ (219,000�00) Income before tax $ 13,422,000.00 Income tax expense $ 1,132,000�00 Net income $ 12,290,000.00 Expected changes for 2024 Total revenue 15% Increase Cost of revenue 10% Increase Operating expenses & Research development 20% Increase Selling general and administrative 10% Increase Interest expense 3% Increase Total other income/expenses net $ 150,000�00 Expected $ Value Income tax expense $ 1,596,883�27 Expected $ Value

17 A20466 Financial Performance | FNS60222 Advanced Diploma of Accounting | Assessments v1.0 Young Rabbit Pty Ltd (ABN 28 003 381 182) trading as Australian Pacific College RTO Code: 90396 | CRICOS Provider Code: 01331F | © 2023 Your task is: a� Complete the following forecast Income Statement for 2024� b� Research at least two current market trends that should also be considered when forecasting for 2024� Explain them in your own words� c� Explain at least 2 factors that TESLA should consider to harmonise the short term goals and obligations of the company with this forecast for 2024� d� Explain at least 3 strategies how TESLA can reduce cash flow risk for long-term viability� e� Explain how TESLA should review the forecast in line with actual performance and alternative sources of information to ensure the company is successful� TESLA, Inc. (TSLA) Income statement Breakdown 30/1/2024 Income statement Breakdown All numbers in thousands Expected change Total revenue $ 81,462,000�00 15% Cost of revenue $ 60,609,000�00 10% Gross profit $ 20,853,000.00 Operating expenses & Research development $ 3,075,000�00 20% Selling general and administrative $ 3,946,000�00 10% Total operating expenses $ 7,021,000�00 Operating income or loss $ 13,832,000�00 Interest expense $ 191,000�00 3% Total other income/expenses net $ (219,000�00) Income before tax $ 13,422,000.00 Income tax expense $ 1,132,000�00 Net income $ 12,290,000.00 – END –

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