Hi Everyone!
I have completed my restated financials and would love some feedback. I haven’t finished my commentary yet, however am hoping to have that section finished tonight.
Thanks 🙂
Ban Loong Holdings – Company Spreadsheet (ASS#2) – Final Restated
My journey into the accounting world at CQU
To discuss and share thoughts and ideas from ACCT13017 Financial Statement Analysis
Its the Little Things!
Almost 20 years late for class
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"It always seems impossible until it's done" - Nelson Mandela
Bachelor of Accounting
Just A Uni Student Trying To Breeze Through Accounting
My journey through CQU Accounting
Jamie Wakeman 
PEER FEEDBACK SHEET: ASS#2 Step 4
Feedback To: Jamie Wakeman .
My Comments
Step 3
The first thing I noticed about your spreadsheet was that your figures are huge! But then I realised they are in HK currency – wonder what those figures translate to in AUD?
It was interesting to look at your SOCIE – and I think you’ve nailed it with classification! As far as I can see, your linking and figures all look good.
Your balance sheet is set out well – it is very easy to follow. I agree with your final calculations, and from my understanding you have split your cash and cash equivalents and allocated 1% to operating, which is probably best given your large figures!
Once again this sheet is set out neatly, however I feel you should include an explanation in your commentary about why your totals are all negative as I find this particularly interesting!
Step 4
Individual feedback with other students Not provided
Overall ASS#2 (Steps 3 & 4)
Your overall assignment looks great! Great use of formatting and linking. Be sure to include in-depth commentary as to why your income statement has negative totals, I would find that particularly interesting to read!
Great work.
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Hi Jamie,
I have reviewed your restated company spreadsheet. All I can say is great job. You had a lot of new items and whole financial statement was quite long (which looks harder too). The sheet looks neat and attractive and I hope restating your company’s financial statements didn’t give you a headache like mine. But anyway it’s all worth it.
Overall, you did a good work. ^_^
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Hi Jamie, have completed a feedback for you. Cheers.
PEER FEEDBACK SHEET: ASS#2 Step 4
Feedback From: Victoria Gillies
Feedback To: Jamie Walkman .
My Comments
Step 3 Balance Sheet
• All summed up to the same amount in the original statement
• Formatting – just to make all the blue lines the same coloured blue
Statement of Changes in Equity
• Correctly set out OA,OL, NOA then FL, FA, NFO. Easy to find which helps for the ratio analysis
• OA + FA = Assets from Original Statement
• OL + FO = Liabilities from Original Statement
• Correct formula chosen of Equity – NFO
• Cash apportioned between operating and financing correctly.
Income Statement
• Finance income and expenses included
• The correct tax rate is used
• OI + NFE = CI from original statement
Good use of Linking and formulas for totals. All of the sums are good.
Restated Statement of Changes in Equity
Balance Sheet
Income Statement
Commentary and discussion with others
(Note: You may wish to give some comments
on their Excel spreadsheet)
Step 4
Individual feedback with other students Not available
Overall ASS#2 (Steps 3 & 4) Nice work with getting the statements to balance. I would just
fix up the formatting. Your opening and closing balances were quite large numbers, but I realised it’s in a different currency (hehe). Great job!
Note: Please use this sheet as a guide.
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Hi Jamie, I have completed feedback for you which you confined in my most recent blog post! 🙂
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Can find* sorry about the typo!
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