Evaluating the performance of managers of the company

Reference no: EM132793327

HI5020 Corporate Accounting

Assessment Linking skills, knowledge and experiences that employers seek from Corporate Accountants with the learnings objectives, outcomes and contents of the subject and demonstrating understanding of equity, liability, and comprehensive income items reported by companies/corporate groups.

Select 1 public limited company listed on the Australian Securities Exchange (ASX) that are in the same industry. The company must have subsidiary companies and must have prepared consolidated financial statements. Download the latest annual reports consecutively for last two years of the company that you have selected. Do not use your company's interim financial statements or their concise financial statements. Please read the financial statements (balance sheet, income statement, statement of changes in owner's equity) very carefully. Also, please read the relevant footnotes of your company's financial statements carefully and include information from these footnotes in your answer.

You need to do the following tasks:

EQUITY & LIABILITY

6. From your company's financial statements, list each item of equity reported and write your understanding of each item. Discuss any changes in each item of equity for your company over last two years articulating the reasons for the change.

7. From your company's financial statements, list each item of liability reported and write your understanding of each item. Discuss any changes in each item of liability for your company over last two years articulating the reasons for the change.

OTHER COMPREHENSIVE INCOME STATEMENT

8. What items have been reported in the other comprehensive income statement for each year?

9. Why have these items not been reported in Income Statement/Profit and Loss Statements?

10. Provide a comparative analysis of the items shown in the other comprehensive income statement section for the two years. If these items were included in the income statement / profit and loss statements of each year, how would the profit attributable to shareholders of the company be affected?

11. Should other comprehensive income be included in evaluating the performance of managers of the company?

Attachment:- Corporate Accounting.rar

Reference no: EM132793327

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