This assignment is generally based on understanding and sighting the performance of the Country road. This report mainly concern with exploring and reinforcing the principles of financial and management accounting from a user perspective. It helps to emphasis on business reporting for decision making in a systematic, integrated and cohesive approach. The objective of this report is to provide end-user with a guide to sources of financial statement data to highlight and define the most relevant ratios, to show you how to compute them and to explain their meaning as investment evaluators. In this regard, we draw your attention to the complete set of financials for Country road Limited (CTY), a publicly listed Company on the ASX. Among the dozens of financial ratios available, we've chosen 30 measurements that are the most relevant to the investing process and organized them into five main categories. Talking about the Country road is one the popular clothing company of Australian which provides products that is designed to show the real way of Australian life. This is report is about to the showing the growth of spread out business entity, and harmonisation and convergence of accounting standards of the company and major impact on the role of today’s accountant comparing with two years accounting period (Country road home page).
Country Road Limited
Country Road (CTY) is involved in the retail of fashion apparel, accessories, homewares and home furnishings. The brand is sold primarily through Country Road retail stores, major department and specialty stores. CTY's strategy for growth is to expand both product ranges and its retail footprint. In light of the current economic conditions, CTY has implemented several cost-saving initiatives. Management continue to focus on cost control and inventory management Country Road is an upscale Australian clothing retailer, with 68 free standing stores and 77 department store concessions. It is traded on the Australian Stock Exchange, with South African company Woolworths Holdings Limited owning 88%. Country Road has a customer loyalty scheme, which enables members to receive special offers and early invitations to sales. It was changed in 2007 to require members to spend a minimum amount annually to receive benefits (Wikipedia, country road). The company produces women's clothing, footwear & accessories; men's clothing, footwear & accessories; children's clothing; and homewares
The History of country road
Country Road is established in 1974 as women’s shirting business and became Australia’s first lifestyle brand, and renowned for simply stylish, high quality apparel, accessories, and home wares. In 1980s and 1990s the company expand as the Australian sore base and wholesale business entering the US and Asian markets. In 1990s due to failure of business, the brand became less competitive and ultimately unprofitable. In 1998, company re-build the business with the step of changing consumer’s trends. Form 2004, store began to expand rapidly and ceased wholesaling and entered Australia’s two major department stores on a concession basis. And company introduced children’s wear and baby wear range (country road home page) At the present situation, Country road established 60 retail stores with 80 concession outlets in Australia and New Zealand. Now, this company has a significant market leader in the Australian retail and fashion industry. Corporate accountability:
The company is devoted to encouraging social, ethical and environmental change in the world in lifestyle of every individual. Country road established a Corporate and Social Responsibility framework to four key aspects of business that are community, Ethical trading and environment.
A complete set of financial statement includes a balance sheet, an income statement, a cash flow statement, different notes and other statements. Schedules and...