Individual Assignment: Contemporary Issues in Accounting

Individual Assignment: Contemporary Issues in Accounting

Task Details: Download the latest annual report of any two listed companies.

• Annual Reports are available on the company website or ASX website.
• Analyse the conceptual framework with reference to the annual reports of your chosen companies in light of the reporting requirements imposed on accountants and those charged with governance of corporations.

 

• Your analysis may include the following:
• Are the annual reports in compliance with the conceptual framework and AASB standard requirements?
• You need to use extracts from the annual reports to support your analysis.
• Provide screen shots of the relevant sections from the reports in your assignment.
• If they are not in compliance, explain the reason.
• How the conceptual framework revision to include Prudence is likely to address the disparity in
• Corporate Reporting
• You may find the explanations in the notes to the financial statements or in the Director’s report.

Report.

• Compare and contrast the two annual reports, identify the differences in disclosures of these corporations.

 

 

 

 

 

 

 

The assignment should include the following parts:

(a) Executive Summary;

(b) Table of Contents;

(c) Main contents

– Introduction,

– Analysis using suitable headings and subheadings,

– Conclusions and Recommendations, Appendices (if any);

(e) References (using Harvard – Anglia style); and/or

– minimum of 10 recent and relevant academic journal articles

 

(f) Attachments.

 

THERE IS A NEED TO FOCUS IN YOUR ASSESSMENT ON THE QUESTION AND NOT ON COMPANIES SELECTED. COMPANIES SELECTED WILL REPRESENT A DEMONSTRATION ON THE CRITICAL ANALYSIS YOU HAVE UNDERTAKEN.

 

This is our textbook:

 

Deegan, C., 2013. Financial Accounting Theory 4th ed., McGraw-Hill