Question 1 - Cash Flows Statement 5 MARKS

Select only 1 out of these 3 publicly listed Australian companies, look up its 2019 (or most current) Annual Report and answer the following requirements:

I.ANZ BANK

II.Computershare Ltd

III.WESTFIELD GROUP

(a)Which company do you select? What method is used to prepare the company's cash flows statement (1)

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(b)Explain the difference between the Direct Method and the Indirect Method with reference to the company's cash flows statement (as an example to support your answer) (2)

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(c)Evaluate the cash flows position of the company with emphasis on its Operating, Investing and Financing Activities (2)

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Question 2 - Company and Partnership5 MARKS

1- Look up the Balance Sheet (consolidated Statement of Financial Position) of the company that you selected in Question 1 above. Go to the Equity section and explain the differences between the company' equity and the partnership equity (for a partnership) (3 marks)

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2- What are the advantages and disadvantages of a partnership. Name an Australian partnership business that you know of. (2 marks)

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