Demonstrate understanding of accounting standards

Assignment Help Managerial Accounting
Reference no: EM131018698 , Length: word count:2000

Selected company must be on ASX website, in other words Australian company.

Assessment

Assessment Type: Assignment - individual assessment

Purpose: This assessment is designed to allow students to demonstrate a higher level of understanding of accounting standards and theoretical and philosophical approaches, as they apply to the resolution of more complex accounting problems. This assessment relates to Learning Outcomes a, b and c.

Topic: Making sense of company executives' compensation and employee benefits through the lens of cultural effects. How the conceptual framework revision to include Prudence is likely to address the disparity in Corporate Reporting.

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

Annual Reports are available on the company website or ASX website.

Analyse annual reports of your chosen companies in light of the reporting requirements imposed on accountants and those charged with governance of corporations. Your analysis should 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.
- Compare and contrast the two annual reports, identify the differences in disclosures of these corporations.
- Reference to material of Advanced Accounting and a critical analysis of the annual reports is required.

Students are to critically analyse and develop supported recommendations and conclusions, in reference to the relevant accounting framework.

The analysis and supported recommendations need to be formatted into a professional report as would be expected in a modern organisation by management and clients.

Research Students need to support their analysis and recommendations with the text and Requirements: minimum of 10 recent and relevant academic journal articles. Other sources may also be used but students need to be confident of the academic validity of such sources.

Presentation: Report - 2000 +10% word report

The word count excludes the cover sheet, contents page, references, appendices, and illustrations (e.g. diagrams, graphs and tables).

Reference no: EM131018698

Questions Cloud

Acquiring two printing presses : Melinda Stoffers owns and operates ABC Print Co. During February, ABC Print Co. incurred the following costs in acquiring two printing presses. One printing press was new, and the other was bought from a business that recently filed for bankruptcy..
Why is it difficult to pick the best linux distro : Which Linux distro might be best for your Mom to use as a Windows replacement?
How their costs were steadily rising : The executive committee of Lambda Gamma Phi asks you to iden- tify alternatives to buying full-priced hard-copy books at the campus bookstore. What factors are most important? The committee is most interested in the best price (including shipping ..
Explain what is a leagile supply chain : Describe formation of the field of Supply Chain Management and explain how the phenomenon of time based competition has affected this field
Demonstrate understanding of accounting standards : Are the annual reports in compliance with the conceptual framework and AASB standard requirements and you need to use extracts from the annual reports to support your analysis.
Create a thesis statement based on similarities : Choose a pair of topics that complement one another: See the suggested list of topics in the "Comparative Essay Topics Handout" below in the supplemental documents portion of these instructions.
Write three theses about topic the ills of factory farming : Write three theses about this topic " The ills of factory farming."
Explore how formal elements function in a particular story : By this point, we have read a considerable number of fiction works that are considered prime examples of the form. For this paper, you will explore how formal elements function in a particular story.
Draw a new graph of the market with the excise tax : Draw a new graph of the market with the excise tax. On that graph, label each of the following and calculate the corresponding values

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd