Reference no: EM132309870

Assignment: Go to the website of your company in the list of companies in the file " Find Your Company". Then go to the Investor Relations section of the website. This section may be called, "Investors", "Shareholder Information" or similar name.

In this section, go to your firm's annual reports and save to your computer your firm's latest annual report. For example, these may be dated 30 June 2017 or 31 March 2018. Do not use your firm's interim financial statements or their concise financial statements. You are need to do the following tasks:

Please read the relevant footnotes of your firm's financial statements carefully and include information from these footnotes in your answer.

Within your firm's latest annual report,

Required: 1. From the annual report of your allocated company and in addition, to providing examples identify and describe the accounting concepts used.

2. With reference to the conceptual framework, and the debate over measurement in accounting. Using your allocated company discuss the issue of measurement and provide examples.

3. As fundament qualitative characteristics state your understanding of relevance and representational faithfulness in relation to the useful information of the financial statements and if one is more important than the other, in accounting for assets and liabilities. Provide examples from your allocated company. For additional guidance for marks allocations refer to the below marking rubric / guide.