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Review most recent financial statements of australian firm

Assignment Help Financial Accounting
Reference no: EM132092782 , Length: word count:4000

Financial Accounting Assignment -

You are working in the Investment Advice section of the strategic planning department of a major organization. Your organisation is considering the Australian equities market.

Management has called a meeting with you and your colleagues, and during the meeting have discussed the effects of the legal need of public listed corporations to conform to the Australian Financial Reporting Standards. They have asked you and your colleagues to sample a selection of ASX listed companies and establish the extent to which corporations comply in detail with the spirit of the law. Management is curious about the compliance regarding several particular areas of the Standards, in particular, leasing, liabilities, and earnings per share, intangibles and tax effect accounting. Management, however, believes that as an indicator,

Required: Your assignment is to complete a report to management in this regard.

You are required to select two companies from the ASX list.

You are then to obtain copies of those companies' latest annual reports and investigate any three areas of the following areas:

CHOOSE ANY THREE QUESTIONS FROM BELOW FIVE - KEEP SAME TWO COMPANIES FOR EACH QUESTION

1. Review the most recent financial statements of two Australian firms from different industries. Analyse, compare and discuss both firms' disclosure of leasing to explore both firms' compliances with relevant accounting standard and support your arguments using relevant research literature.

2. Review the most recent financial statements of two Australian companies from different industries. Analyse, compare and discuss both firms' disclosure of earnings per share to explore both firms' compliances with relevant accounting standard and support your arguments using relevant research literature.

3. Review the most recent financial statements of two Australian companies from different industries. Analyse, compare and discuss both firms' disclosure of liabilities including provisions and contingent liabilities (excluding lease liabilities) to explore both firms' compliances with relevant accounting standard and support your arguments using relevant research literature.

4. Review the most recent financial statements of two Australian companies from different industries. Analyse, compare and discuss both firms' disclosure of intangible assets to explore both firms' compliances with relevant accounting standard and support your arguments using relevant research literature.

5. Review the most recent financial statements of two Australian companies from different industries. Analyse, compare and discuss both firms' disclosure of income tax expense, benefits and obligations to explore both firms' compliances with relevant accounting standard and support your arguments using relevant research literature.

At the end of each section, consider what improvements to firms' disclosure may improve the decision usefulness and transparency of the accounting information you have analysed. Evidence of research beyond the prescribed texts is required. Ensure these are referenced appropriately in your references.

You are however presenting ONE report covering the four (three) points, and therefore need to properly integrate the four (three) points into the report at the introduction and conclusion. This means you must justify why you chose the points you did and ignored other points. A short conclusion of your overall findings is expected by management.

Approximate word Length: 4000 words.

Attachment:- Assignment File.rar

Reference no: EM132092782

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Reviews

len2092782

8/22/2018 4:33:15 AM

Approximate word Length: 4000 words and screenshots etc and well researched articles references. Your assignment is to complete a report to management in this regard. You are to form into groups of three for the submission of this assignment. Three weeks before due date, you may commence testing your assignment for originality (30%) on TURNITIN which will be available in VU Collaborate.

len2092782

8/22/2018 4:33:09 AM

You are then to obtain copies of those companies’ latest annual reports and investigate any three areas of the following areas: CHOOSE ANY THREE QUESTIONS FROM above FIVE and KEEP SAME TWO COMPANIES FOR EACH QUESTION. You are however presenting ONE report covering the four (three) points, and therefore need to properly integrate the four (three) points into the report at the introduction and conclusion. This means you must justify why you chose the points you did and ignored other points. A short conclusion of your overall findings is expected by management.

len2092782

8/22/2018 4:33:04 AM

Marking: This assignment is worth 20% and will be scored out of 20 marks. The assignment is a TEAM assignment and therefore scores will be applied to all members of a team without distinction. Due Date: See your lecturer. You have to submit TWO copies of your report: Only single copy should be submitted to Assignment drop box in VU Collaborate. The report should be submitted ONLY by one team member or team leader. The second (hard copy) of the report should be submitted to your lecturer. Penalty for late assignments: 1 mark per working day (weekday).

len2092782

8/22/2018 4:32:57 AM

Teamwork: Team members must belong to the same tutorial group. It is YOUR responsibility to form teams, thus swapping contact details and arranging regular progress meetings is essential. Remember, once a team is formed, it is up to you and your fellow team members to maintain team discipline. No changes to group members are allowed during the last three weeks before the submission deadline. Groups must assign a leader and keep all records of meetings and tasks assigned to group members. Students must meet at least once every fortnight. Meeting records must be attached at the end of your report. Marks will be allocated for your meeting logs. A suggested meeting log is attached.

len2092782

8/22/2018 4:32:51 AM

Where a group member is not cooperating or contributing to the group and the team has made all efforts to resolve the issue, the team must inform the tutor and unit coordinator/s immediately via email. Where a group does not report this matter immediately, it will not be entertained later on, especially before the due date of the assignment. The defaulting member will be given a warning and should the member continue to default, the group will continue without the defaulting member and the defaulting member will receive zero for the task.

len2092782

8/22/2018 4:32:47 AM

Referencing and style - Assignment must be typed using Word document and double-spaced with a normal margin (i.e. 3cm) The required referencing style is Harvard (Please visit VU library for examples of Harvard Referencing Style) assignment not using the required referencing style or not showing in-text and end of text references will be returned unmarked. Assessment criteria to be applied on Assessments - Excellent: Work fulfilling the above criteria to an outstanding degree, in particular demonstrating excellence in sustained argument, critical thought and synthesis of material from diverse sources.

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