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Critically examine the concepts of small proprietary company

Assignment Help Financial Accounting
Reference no: EM132373073 , Length: 2200 Words

Corporate and Financial Accounting Individual Assignment -

Assessment Title - The different sources a company can use to raise its funds and different classifications of entities for reporting purposes.

Purpose of the assessment - This assignment aims at developing a clear understanding of students on the different sources a company can use to raise its funds. Students will perform a comparative analysis of sources of fund used by two selected companies for a three years period. They will identify the movement in the sources of fund used by the two companies. Students will also need to demonstrate a clear understanding of different classifications of entities for reporting purposes.

Assignment Specifications -

Purpose: This assignment aims at developing a clear understanding of students on the different sources a company can use to raise its funds. Students will perform a comparative analysis of sources of fund used by two selected companies for a three years period. They will identify the movement in the sources of fund used by the two companies. Students will also need to demonstrate a clear understanding of different classifications of entities for reporting purposes.

Assessment task -

Part A - Select the latest annual report of two ASX listed companies for the last three years period. Please read the balance sheet carefully and complete the following tasks:

(i) What items have been recorded under owners' equity section? Clearly explain your understanding of each item recorded under the owner equity section.

(ii) Explain the movement in each item recorded under the owner equity section with the reason.

(iii) What items have been recorded under liabilities section? Clearly explain your understanding of each item.

(iv) Explain the movement in each item recorded under liabilities section with reason.

(v) Briefly explain the relative advantages or disadvantages of each sources of fund each of your selected companies is using.

Part B - Do your own research and critically examine the concepts of small proprietary company, large proprietary company and reporting entity. What are the implications of being classified as either one of these three types of companies in terms of compliance and reporting requirements?

Assignment Structure should be as the following:

Abstract - One paragraph

List of Content

Introduction

Body of the assignment with detailed answer on each of the required tasks

Summary/Conclusion

List of references

Reference no: EM132373073

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Reviews

len2373073

9/19/2019 10:26:45 PM

Word limit - 2500 words ±500 words. All work must be submitted on Blackboard by the due date along with a completed Assignment Cover Page. The assignment must be in MS Word format, no spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers. Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using Harvard referencing style.

len2373073

9/19/2019 10:26:39 PM

Marking Rubric - The items recorded under the equity section have been correctly identified. Demonstrates a good understanding of each item recorded under the equity section. Has identified the movement in each item listed under owner equity. The reason for the movement has been explained with minor scope for improvement. The items recorded under the liability section have been correctly identified. Demonstrates a good understanding of each item recorded under the liability section. The movements over the last three years of all items recorded under liabilities have been discussed with reasons for the movement. There are minor errors or minor scopes for improvement in the discussions. Has missed a few trends or changes.

len2373073

9/19/2019 10:26:32 PM

The advantages and disadvantages of each of the internal sources of fund and external sources of funds used by the company have been explained with minor errors or with minor scope for improvement. The three concepts have been explained. The implications of being classified as either one of these three types of companies have been explained in terms of compliance with accounting standards, reporting and disclosures requirement, and auditing. Minor scope for improvement remains.

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