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Describe the different forms of business that exist

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Accounting for Managers Assignment Task Report

Individual Research Assignment on the Forms of Business, Goodwill and Independent Auditors report.

Short Answer Essay Questions: Please answer the following questions:

(a) Define goodwill and outline the current reporting requirements for Australian Stock Exchange (ASX) listed companies. Your answer should refer to internally generated goodwill, purchased goodwill and the impairment of goodwill. Analyse the relevant sections of Woolworths 2016 Annual Report to support and to illustrate your analysis.

(b) Describe the different forms of business that exist. Your answer should also include the advantages and disadvantages of each type.

(c) What is the Independent Auditors Report? Analyse the relevant sections of Woolworths 2016 Annual Report to help explain and illustrate your analysis. Briefly discuss how the audit report is expected to change as from December 2016.

You should use appropriate headings to organise your material, provide references to accounting standards (including specific paragraphs) and cite relevant academic and practitioner oriented articles.

Reference no: EM131438380

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3/24/2017 1:13:44 AM

Your assignment must be typed using 12 font, 1.5 line spacing and 2.5 cm margins on all sides, with a maximum length of 2,500 words (excluding in-text references and bibliography). State the word count at the beginning of the assignment. All material over 2,500 words will be not being graded. You can refer to real world cases, recent news, book chapter, and research papers to support your assignment or analyses. Do not another student’s paper or a website as your reference. This report must be your own work. The hard copy of your report must be submitted to your Lecturer (Dr Elnaz Vafeil & Mellida Frost) or the Unit Co-ordinator, Dr Brian Perrin on the due date and at the specified time. The soft copy of your work must also be submitted via Turnitin on Blackboard by the due date and time. Please refer to http://vv-ww.youtube.com/watch?v=PcbGlAcNXis for how to submit your Turnitin assignment.

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