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    Highland Malt Case Study

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    ankit131189
    Highland Malt produces malt for breweries and distilleries. The case study analyzes Highland Malt's 2019 financial statements and accounting policy choices, including assumptions made about cash payments received, inventory costing method, reporting currency, salary costs, and beginning account balances. Key financial ratios for Highland Malt are also calculated and compared to industry averages to evaluate the company's financial performance and position.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Highland Malt Case Study

    Uploaded by

    ankit131189
    4K views8 pages
    Highland Malt produces malt for breweries and distilleries. The case study analyzes Highland Malt's 2019 financial statements and accounting policy choices, including assumptions made about cash payments received, inventory costing method, reporting currency, salary costs, and beginning account balances. Key financial ratios for Highland Malt are also calculated and compared to industry averages to evaluate the company's financial performance and position.

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    Highland Malt produces malt for breweries and distilleries. The case study analyzes Highland Malt's 2019 financial statements and accounting policy choices, including assumptions made about cash payments received, inventory costing method, reporting currency, salary costs, and beginning account balances. Key financial ratios for Highland Malt are also calculated and compared to industry averages to evaluate the company's financial performance and position.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    4K views8 pages

    Highland Malt Case Study

    Uploaded by

    ankit131189
    Highland Malt produces malt for breweries and distilleries. The case study analyzes Highland Malt's 2019 financial statements and accounting policy choices, including assumptions made about cash payments received, inventory costing method, reporting currency, salary costs, and beginning account balances. Key financial ratios for Highland Malt are also calculated and compared to industry averages to evaluate the company's financial performance and position.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
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    Highland Malt: Accounting Policy Choices in Financial Statements –

    Case Study and Financial Analysis

    Assumptions:

    • The Payments to Spencer are received in cash, all cash owed to Highland Malt for sales are considered
    accounts receivable
    • We are going by the assumption that inventory that has come in first will go out first, which is the FIFO
    method
    • Reporting Currency is in US dollars, even though the company is based in Scotland whose primary currency
    is Pound Sterling which leads us to believe the company is headquartered in USA
    • Salary cost of Adger is excluded in fixed cost of 230000 USD
    • 30000 USD Salary is not considered for Adger as it is due in 2020 and not accrued in 2019
    • No financial data for the year 2018 is provided hence the beginning balance for all accounts is considered 0
    Financial Statements
    Financial Statements
    Financial Statements
    Financial Statements
    Internal Ratios of Highland Malt
    Internal Ratios vs Industry Average
    Conclusion

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