Reference no: EM132139466 , Length: word count:2200

Assignment -

Are you able to produce a Report as per the given requirements please? Chosen company is Origin Energy (ORG). UAE The 2017 Annual Report.

Instructions for the report - AASB 9 (and IFRS 9) Financial Instruments was initially released in December 2014, but it will become effective from financial reporting periods beginning on or after January 1, 2018. This will bring fundamental change to financial instrument accounting when it replaces the existing accounting standard: AASB 139 (IAS 139) Financial Instruments: Recognition and Measurement. Entities reporting financial instruments will need to make several decisions and choices in relation to the transition to the new standard. Many businesses, especially banks and other financial institutions, will be affected by the implementation of the new standard.

This task requires you to prepare a report to evaluate and comment on information regarding financial instruments provided in the annual report of a company listed on the Australian Stock Exchange (ASX). Your comments or evaluation should comply with the requirements of relevant Australian accounting standards (AASBs).

Part A -

1) Discuss the recognition for financial instruments including financial asset, financial liabilities and equity instruments according to relevant AASBs.

2) Discuss the measurement of finical instruments according to related to relevant AASBs.

3) Identify different types of financial instruments available in the chosen company. Provide at least one example of each type of financial instrument available in the chosen company and specify recognition and measurement of that financial instrument. 3

Part B -

From the perspective of the investors, discuss the potential impact of the adoption of new AASB 9 on assets, liabilities, financial performance and one of selected financial ratios (such as debt/equity ratio) of the chosen company. You should include the examples that you have identified in part A3) in your discussion.

Part C -

Information regarding the report:

• The report should include an executive summary, a body of contents covering points listed above, and a reference list.
• You should refer to the paragraphs of AASBs to support your discussion presented in the report
• AASB 7 Financial Instruments: Disclosure
• AASB 9 Financial Instruments
• AASB 13 Fair Value Measurement
• AASB 132 Financial Instruments: Presentation
• AASB 139 Financial Instruments: Recognition and Measurement
• Each student should choose a company, which is listed on the Australian Stock Exchange (ASX). Find an annual report for the 2016/2017 financial year. Remember to use a complete annual report, not a concise financial report or a half-year financial report.
• The reference list should include all materials supporting the report, such as an annual report and AASBs. Please note: the textbook, study guide and Wikipedia can't be used as references.
• Sections extracted from the annual report or AASBs to support your report should be included in the Appendix. Also, provide specific references of the annual report and AASBs as in-text reference in your report, such as page 10 of annual report or AASB 101.26. If you choose to ignore this instruction, you will lose marks.
• The references of this report should follow Harvard Referencing Style.

Assessment criteria: The quality of the report will be assessed based on the following four areas:

1) Demonstrate and identify the accounting concepts applied.

2) Use paragraphs from related Australian Accounting Standard as guidelines to support your discussion.

3) Provide example(s) from the annual report to illustrate the implementation of an accounting concept(s) or principle(s) discussed.

4) Demonstrate effective communication, referencing, logical presentation and integrated evaluation.

Attachment:- Assignment File.rar