Accounting policies or estimates and impact thereof

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Reference no: EM13938134

You are required to collect the following information on your selected company for the most recent annual report you are able to obtain:

1) Management Information:

a. Key Management Personnel. Please exclude non-executive directors; and

b. Remuneration for each of the Key Management Personnel identified in (1). In total, and by category (i.e. Base Pay, Annual Leave, Superannuation, etc.).

2) Shareholder Information:

a. Top 20 shareholders of the Company; and

b. The share price graph of the Company compared against the All Ordinaries Index for the year ending 30th June 2014.

3) Accounting Information:

a. Any changes in accounting policies or estimates and the impact thereof;

b. Property Plant & Equipment (PPE) Disclosures: Does the company use the revaluation or cost model to account for PPE?

c. Tax Disclosures: the amount of income tax paid and the amount of income tax expensed;

d. Lease Disclosures: the amount of operating lease commitments not recognised in the financial statements, if any; and

e. Superannuation Disclosures:does the company have a Defined Benefit Plan? If so, what is the defined benefit obligation and fair value of plan assets?

4) Audit Information:

a. The audit firm which audited the financial report of the company;

b. The audit opinion; and

c. The amount the auditors were paid. In total, and by category (i.e. audit and other).

Your assignment must be typed using 12 point font, 1.5 line spacing and 2.5cm margins on all sides. There is a maximum length of 1500 words (excluding tables, references and appendices). An executive summary is not required. State the word count at the beginning of the assignment. Refer to the UTS Business School Guide to Writing Assignments on recommendations and suggestions on how to structure your assignment. All material (excluding tables, references and appendices) over 1500 words will be disregarded.

Reference no: EM13938134

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