BAO2202 Financial Accounting Assignment help

BAO2202 Financial Accounting

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 of 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 companies comply in detail with the spirit of the law.
Management are curious about the compliance regarding several particular areas of the Standards, in
particular, leasing, liabilities, and earnings per share, intangibles and tax effect accounting,
Required:
Your assignment is to complete a report to management in this regard.
You are to form into groups of four or five 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.
You are required to select two companies from the ASX list. Click on the following URL for ASX list
of listed companies.
http://www.asx.com.au/asx/research/listedCompanies.do
You are then to obtain copies of those companies’ latest annual reports and investigate the following
areas:

1. Discuss the concept of reporting entity and evaluate how the concept of reporting entity helps in
   the creation of quality information for the users of financial information. Support your
   discussion with the help of related research literature.
2. 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.
   2
3. 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.
4. 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.
5. See More:-Financial Accounting

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