Current implementation of ifrs in australia

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Reference no: EM132205955 , Length: word count:2500

Research

Conduct research and write a 2,500 word individual essay that critically evaluates IFRS in particular answering the following questions:

Is IFRS better or worse for financial statement analysis? Is it better or worse for investors?

Answer the following:

• What is IFRS?
• Current implementation of IFRS in Australia
• Main components of the IFRS and how it is different to Australian and other standards
• Different opinions on IFRS in Australia
• Conclusion: Is IFRS better or worse for financial statement analysis and for investors?

Reference no: EM132205955

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Current implementation of ifrs in australia : Is IFRS better or worse for financial statement analysis? Is it better or worse for investors - Different opinions on IFRS in Australia
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len2205955

1/2/2019 3:08:54 AM

• Use of Forecasting 7 Report Mechanics and Report Format (/10) • Check for spelling, capitalization, punctuation, and sentence structure. 5% 0% 0.00% 8 Research (/15) • Evidence of Primary Research and Secondary Research • Evidence of Supporting Material • Evidence of Work undertaken 15% 0% 0.00% 9 References (/5) 5% 0% 0.00% 10 Appendices (/5) 5% 0% 0.00% Total 100.00% 0.00% 0.00%

len2205955

1/2/2019 3:08:48 AM

5 Management and Legal (/10) • Who are the managers? • What is their area of responsibility? • Who are the owners? • Legal Issues 10% 0% 0.00% 6 Financials (/15) • Identify Risks • Identify potential expenses and capital requirements. • Create financial statements - cash flow, income and balance sheet • Break-Even analysis • Ratio Analysis • 3 Year Cash Projection 15% 0% 0.00%

len2205955

1/2/2019 3:08:39 AM

4 Sales and Marketing Analysis (15) • How will you get potential customers to buy your product? • Develop a sales 15% 0% 0.00%strategy. • Define your channel of distribution. • Research various advertising media • Select channels for your business and state why. • Create advertisements. • Create a promotional strategy • Use of Conceptual Models

len2205955

1/2/2019 3:08:25 AM

business type, legal structure, name, and location chosen. • Description of the product/service, why it is needed and what makes it unique. • Describe the company's position and pricing strategy 3 Industry/Sector Analysis • Customer profile - who are they, where are they, what do they need, where do they currently buy? • Research market demographics. Business Opportunities, Niche Markets • Research competition. What are their strengths and weaknesses? • Research labour availability. • Estimate sales • Conceptual Models 10% 0% 0.00%

len2205955

1/2/2019 3:08:17 AM

Factors Weighting Score Total 1 Cover Page and Executive Summary • All information present • Each key section briefly summarized. • Specifically answers: • What business are you in? • Who is on the team? • Where will you locate and why? • What is your product/service? • How much capital will be needed? • Why we should invest in your company? 10% 0% 0.00% 2 Business Description • Complete and accurate overview of Industry • Mission statement/Goals • Explanation for the 10% 0% 0.00%

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