Reference no: EM131067548 , Length: word count:3000
RESEARCH ESSAY TOPIC
"Disclosure is required of a large number of specified items, subject to the frequent proviso that amounts which are not material need not be disclosed (separately). "Material" is defined as limiting the information required to those matters as to which an average prudent investor ought reasonably to be informed before purchasing the security registered." Chambers, R. J., 1969, Accounting Finance and Management, Arthur Andersen & Co., p. 183.
The AASB / IASB continues to struggle with the concept of materiality. In relation to Chambers' comment over 45 years ago undertake the following:
Select a company from the Australian Securities Exchange website and download the 2015 annual report.
1. With reference to the above statement describe what you understand by the concept of materiality and provide examples from your selected annual report.
2. Discuss the problems of materiality in the context of the present AASB / IASB standards and framework using your selected annual report to provide examples.
3. Evaluate the issues of materiality in your selected annual report in the context of AASB / IASB standards and framework.
4. Comment on the relationship between the materiality employed in your selected annual report and the provision of decision useful information; provide examples from your selected annual report.
Research Essay on a company- Tassal Group Limited.
3000 words.
15 references.
|
Child gravitational potential energy relative
: A child with a weight of 130 N swings on a playground swing attached to 2.10-m-long chains. What is the child's gravitational potential energy relative to his lowest position at the following times?
|
|
Nuclear diameter in meters
: (a) If the atom's diameter were expanded to the length of an American football field (91.44 m) and the nuclear diameter expanded proportionally, what would be the nuclear diameter in meters? (b) Is the saying that "the atom is mostly empty space" ..
|
|
Kinetic energy of the shell
: A hollow spherical shell has mass 7.85kgand radius 0.220m. It is initially at rest and then rotates about a stationary axis that lies along a diameter with a constant acceleration of 0.880rad/s2. What is the kinetic energy of the shell after it ha..
|
|
Find the power rating of the heater
: An electric heater consumes 1.8MJ when connected to a 250V supply for 30 minutes. Find the power rating of the heater and the current taken from the supply.
|
|
Evaluate the issues of materiality in your selected report
: Evaluate the issues of materiality in your selected annual report in the context of AASB / IASB standards and framework
|
|
Calculate depreciation using gaap rules
: What is the depreciation rate under the units of production method - Companies whose financial statements are to be audited or reviewed by a CPA and calculate depreciation using GAAP rules, you must determine an asset's.
|
|
Centre of which are on a straight line called
: A body (a rigid body) is said to possess a purely rotatory motion if every constituent particle of the body moves in a circle, the centre of which are on a straight line called?
|
|
What is the equivalent annual cost of the washer
: Bottoms Up Diaper Service is considering the purchase of a new industrial washer. It can purchase the washer for $8,700 and sell its old washer for $4,700. The new washer will last for 6 years and save $1,950 a year in expenses. The opportunity cost ..
|
|
Find the wavelength of a train whistle heard
: Find the wavelength of a train whistle heard by a fixed observer as the train moves toward the observer with a velocity of 40.0 m/s. A wind blows at 7.0 m/s from the observer to the train. The whistle has a natural frequency of 500.0 Hz.
|