Reference no: EM132880238

TACC606 Accounting Theory and Applications - Australian National Institute of Management and Commerce

Assignment:

You are required to obtain the annual reports of two ASX Top 200 companies in the same industry and write a business research report to address the following questions related to the items included in property, plant and equipment.

1. Review and evaluate the PPE disclosure of your selected companies which may include:

• What range of measures is used to determine amounts for these items in the reports of the individual companies?
• Do you think it is valid to add the items, given the measures used?
• How would you interpret the total amount for property, plant and equipment in the financial statements?
• Compare the measures used by the different companies for similar items. Are there any inconsistencies in how similar items are measured by the different companies?

2. Discuss the factors that accountants should consider when setting up company accounting policy relating to PPE.

3. Detail your view on the subsequent measurement of PPE and provide recommendations to accounting standard setters.

TACC615 Professional Accounting Capstone - Australian National Institute of Management and Commerce

Question

"Professional accountants need to embody high ethical standards so that governments and the public trust them to act in the public interest. The ethical conduct of accountants reflects on the credibility of both the individual and the entire profession."

Kevin Dancey (2020)Professional Accountants: Taking the Lead on Ethics and Trust in Tax Systems, Professional Accountants: Taking the Lead on Ethics and Trust in Tax Systems | IFAC, accessed 14 April 2021

Discuss the extent to which you agree or disagree with this statement. In your discussion refer to at least two accounting scandals to illustrate your position.

Attachment:- Assignment Requirement.rar