Qantas Annual Report 2016
Learning Objectives: The subject you are studying is vocational. It is designed with the workplace in mind. Work integrated assessment provides opportunities for students to link theory and skills learned in a subject to a real work context. Students can use these opportunities to develop and practice the professional and academic skills they learn about in a subject or through the online environment and then be assessed on their capabilities in these simulated authentic environments. Work integrated assessment allows students to simulate and situate their learning in an authentic workplace that encourages them to explore their knowledge and apply it to practice. Integrating real world, authentic assessment tasks allows students to learn about the particular environments and culture of their chosen professions, while at the same time absorbing and practicing the skills they need to succeed. Doing these tasks can help students develop skills that can help their employability. Resources for this task include the 2016 Annual Report for Qantas.
Your friend Ramesh is studying architecture at another University and knows very little about accounting and annual reports. His uncle gave him $50,000 recently to invest. Ramesh knows you have begun studying accounting and is considering buying Qantas shares. He has some questions for you.
Present your answers concisely in a business report format.
Ramesh's questions:
1. Identify and explain some of the metrics that Qantas uses to show its performance.
2. Examine and comment on the Statement of Comprehensive Income.
3. What expertise does Todd Sampson bring to the Board of Directors?
4. Explain Revenue Seat Factor, EBIT, Revenue received in advance and Retained Earnings.
5. Calculate and comment on the Working Capital ratio.
6. Create two charts in Excel from any data in the Qantas report showing 3D columns and a 3D pie chart. Paste the spreadsheet graphs in your assignment. Also, paste the graph data area.
7. Summarise your advice to Ramesh re the investment decision.