Reference no: EM131348992 , Length: word count:2000
COMPANY ANNUAL REPORT STUDY
Make a report on financial report of Myer Holdings Limited:
- Introduction (about 100 words)
- Conceptual framework (200 words)
- Critical analysis (200 words)
- Ethics (not more than 150 words)
- Legitimacy (not more than 150 words)
- Transfer pricing (not more than 150 words) look at example of transfer pricing
- Fair value disclosure (not more than 150 words)
Please relate all the above topics with the company or financial report of the company.
Write remaining 1000 words using the following materials:
USE YOUR INDEX WISELY......
Go to Balance Sheet, Income Statements, NOTE 1 (methods adopted by company) and other notes from the financial reports, Remuneration Report, Auditors Report
Remuneration report - screen shot or take elements from actual report in relation to executive remuneration. Linked to profit? Share price? Or other - consider how this drives culture with organisations including a desire to obtain profit to receive bonus payments.
Issues with remuneration can be self interest - short term decision making, teleopathy (unhealthy pursuit of goals), manipulation of accounts, not adhering to the conceptual framework, aasb issues like in leases
In your discussion using examples from annual reports (of many companies) will assist however focus should be on your company(ies)
GPFR - general purpose financial reports - for users to make financial decisions perhaps to affect profit rather than in accordance with AASB or conceptual framework
Inventory - overstate- aasb valued at cost or lower of cost or market.
Accounts receivable - overstate - estimation of provision for bad and doubtful debts - understate your provision
Ppe - overvalue - excess valuation (prudence) - depreciation - choose methods perhaps to affect profit rather than in accordance with AASB or conceptual framework
Liabilities - leases - intangible assets - notes - look for evidence of any leasing
Contingent legal liabilities - where companies have had to pay out legal obligations due to issues
Leases have been left off balance sheets - limit ratio - attract investors
Overstated Revenues, sales returns
Understated expenses
TAXATION
Transfer pricing - facebook -taxation
Eg. Transfer pricing - facebook -3-5 BN additional tax payments
Discuss prudence - what is proposed for updating the conceptual framework
How you think this will affect the reporting? Benefits and criticisms (cpa eg)
The inclusion of prudence, then removal and now addition again by accounting.
Or are the issue much more complex than that? Do accountants adhere to the CF? Perhaps addressing remuneration and other issues would achieve better outcomes?
Please Take screenshot and put it at the end in Appendix
-audit report
-directors declaration
-director report
-notes to account
-remuneration report
At least 12-15 References with 10 academics journal articles.
Attachment:- Assignment.zip
|
Profession ethical analysis paper
: Explore the ethical issues you can expect to face in your chosen profession (i.e. accounting, public sector, management, finance, social service, economics, teaching, marketing etc.).
|
|
Create a time-phased budget
: Create a time-phased budget for your example project using bottom-up estimating. To the extent your sponsor will supply rates for workers, use those. Approximate rates for ones you cannot get.
|
|
What is the psychological immune system
: According to Dan Gilbert, what is Synthetic Happiness? What is the Psychological Immune System? What is the Main Idea of Abdi's Story? What gives his life meaning?
|
|
Section-cost and measurement analysis
: Identify two non-current assets and comment on how Yahoo values these two assets in the balance sheet. Does the Yahoo have other alternatives as to how they could value the two assets?
|
|
Make a report on financial report of myer holdings limited
: Make a report on financial report of Myer Holdings Limited: Inventory - overstate- aasb valued at cost or lower of cost or market. Accounts receivable - overstate - estimation of provision for bad and doubtful debts - understate your provision
|
|
Determining the programming techniques
: Create the application and/or a web site for a business (choice is yours). You must use at least three (3) programming techniques discussed in this class.
|
|
What challenges did the project have to overcome
: What challenges did the project have to overcome? - What solutions were offered? - What were the results? - What makes this a best practice example?
|
|
Continuation of previous question
: Discuss the role and effect of corporate governance on publicly listed companies. Illustrate your answer with examples of aspects of corporate governance practices that have been mentioned in the annual report, analyst reports and or recently repor..
|
|
Multipath model for viewing disorders
: What are the differences and similarities between one-dimensional models and the multipath model for viewing disorders and their causes
|