One of the inherent risks is cash flow from operating activities before interest and tax and the proceeds from the sale of goods and services in ongoing operations. The statement of profit and loss showed us see the proceeds from sale of goods and services decreased from $58,812 millions to $58,085.7 millions. This led EBIT also decreased significantly. Revenues from services are recognized based on the stages of completion of the relationship with the customer. The need to change customers or exchange rates will affect Woolworths Group financial statements. This led to decreasing in cash account.

The report shows us that the overall Voice of the Customer (VOC) has increased significantly over the fiscal year to complete the year at a record …show more content…
The Woolworths Group has to keep up with popular demand and provide consumers with competitive advantage in terms of food market volatility. Otherwise they will see a drop in their customer base; this will affect Woolworths in the 5 year profit forecast. Moreover, this will affect commercial accounts receivable after the release of the next financial statement. To reduce the risk of competition and market volatility, Woolworths Group must ensure that they have the strength to provide the highest level of service as well as possible discounts, better service, fresh fruits and vegetables. Higher quality and help ensure people can eat and live …show more content…
All refunds, discounts and other expenses incurred to bring the inventories to their present state and location. The storage system does not provide appropriate information so that the retail method is applied to measure the cost.

For continuing operations, the net realizable value of inventories is defined as the estimated selling price less the estimated selling costs.

For discontinuity, the net realisable value of inventories has been determined based on the level of recovery according to the exit script. The inventory is $447.8 million kept at net realisable value. Counts the amount of inventory from stock inventories and checks documents, records or tangible assets.

When the risk is under high control, customers can use the system periodically and stock counts should be made at the end of the period.

Review the customer's plan to perform counting. The plan includes procedures related to shipping and receipts during the counting process. Must check the appropriate monitoring evidence for the performers. Confirm or investigate customer