New

Learn smart - Learn online. Upto 88% off on courses for a limited time. View Courses

Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
loader
Add File

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Guaranteed Higher Grade!

Financial Reporting Disclosures In The Australian Corporate Sector

Download : 0 | Pages : 7

Question: Write a report on the Financial Reporting Disclosures in the Australian Corporate Sector.   Answer: Introduction: In recent times, it is necessary for the corporate entities to deliver useful financial information to their stakeholders so that they could undertake significant decisions. The current report would focus on write-downs of impairment in the corporate world of Australia. Hence, Qantas Airways is chosen as the ...

Read More arrow Tags: Australia Sydney Accounting ACCG923 Accounting Standards and Practice  University of New South Wales ACCG923 Accounting Standards and Prac 

The Quality Of Financial Information In The Annual Report

Download : 0 | Pages : 8

Question: Analyzed Whether the Disclosures Made are as per the Specific Provisions of AASS.     Answer: Introduction Assets are the main part for effective and efficient functioning of an organization and while preparing the financial statements for the year end the amount is written off from the value of an asset as depreciation which is the amount incurred on account of loss of tear and wears, change in technology, etc. Anothe...

Read More arrow Tags: Australia Marsfield Accounting Accounting Standards and Practice University of Queensland MBA 

ACCG923 Accounting Standards And Practice

Download : 0 | Pages : 7

Question: Discuss about the Accounting Standards and Practice.   Answer: Introduction AASB 136 addresses the acknowledgement, disclosure and measurement of impairment of assets and reversal of impairment losses. This standard includes more extensive and elaborate disclosures pertaining to impairment losses for individual assets, aggregate losses, and Cash Generating Unit (CGU). The present study is focused on theoretical description ...

Read More arrow

ACCG923 : Accounting Standards And Practice

Download : 0 | Pages : 9

Answer: a). Detailed explanation of the impairment write-downs made by the a2 Milk Company in the year ended 30 June 2017: The assessment of cash generating unit and other assets have been done by a2 Milk Company for the losses and the impairment that have been incurred and the findings were provided accordingly. It was ascertained that there was no impairment in the current assets and on other hand, intangible assets was impaired. On 31st&nb...

Read More arrow

ACCG923 Financial Reporting Disclosures In The Australian Corporate Sector

Download : 0 | Pages : 8

Answer: Introduction: In the current era, the quality of financial information that the business organisations provide to their users of financial statements is of utmost importance for aiding in the decision-making process of the users. In this report, emphasis would be placed on the impairment write-downs in the Australian corporate sector. For simplification of the report, Wesfarmers Limited is selected as the organisation, which is the le...

Read More arrow

ACCG923 Accounting Standards And Practice

Download : 0 | Pages : 7

Answer: During the last board meeting of the IPH Limited it has been observed by the Board that a strong qualitative reporting of financial information is of paramount importance to gain a completive advantage in the market and are seeking a reasonable assurance that the values of their assets along with the appropriate disclosures have been made in the Annual report of the company for the financial year ending 30th June, 2017 by. complying w...

Read More arrow

ACCG923 Accounting Standards And Practice

Download : 0 | Pages : 7

Answer: Introduction The present report is prepared in order to provide an understanding of the qualitative characteristics of the financial information for making it useful for the end-users. The financial reports developed by business corporations should meet the objectives of general purpose financial reports as stated by the IASB (International Accounting Standards Board). This report aims to present an understanding of the financial repo...

Read More arrow

ACCG923-Annual Report Of The Company BHP Billiton

Download : 0 | Pages : 6

Answer: Introduction In the given report, the company selected is BHP Billiton whose annual report of 2017 has been analysed for treatment of impairment in the books of accounts based on the requirement of the CFO of the company. The company is one the pioneer companies in Australia and listed on the Australian Stock Exchange as well as the London Stock exchange. It employs more than 65000 people and has the presence worldwide (Alexander...

Read More arrow

ACCG923 Accounting Standards And Practice

Download : 0 | Pages : 7

Answer: Introduction Valuation of physical and tangible asset is very crucial for a company to conduct in order to fairly report this value to the stakeholder showing the financial position of the firm. Property, Plant and Equipment is also tangibles asset valuation of which is very necessary in order to report fair values of the following the financial reports of the firm. In the current Assessment there will be discussion over the complexit...

Read More arrow

Accounting Of Leases

Download : 0 | Pages : 4

Questions: 1.Discuss at least two advantages that were available for reporting entities in the previous Accounting Standard for leases AASB 117 Leases.   2.Determine for each scenario separately whether: • There is an identifiable asset • The customer controls the use of the identified asset throughout the period of use • The contract contains a lease.   Answers: 1.Previously under IAS17, the accounting of leases...

Read More arrow Tags: Canada Toronto Accounting Accounting Standards Toronto University MBA 

ACCG923 Accounting Standards And Practice

Download : 0 | Pages : 7

Question: Discuss about the Corporate Tax Avoidance and Audit Efforts.     Answer: Introduction The companies have to prepare the financial statements as per the conceptual framework and present the requisite information on the company’s financials to both the internal and the external users, which can help them to take the economic and financial decisions (Félix, 2017) Internal users include employees, the director...

Read More arrow

ACCG923 Accounting Standards And Practice

Download : 0 | Pages : 7

Question: Discuss about the Financial Reporting Disclosures for Property Plant.   Answer: Synopsis Every company whether it is newly incorporated company or the older company, the financial results of the operations of the company is required to be presented. These results are presented in the financial statements of the company comprising of the statement of the comprehensive income and the statement of the balance sheet and th...

Read More arrow

ACCG923 Accounting Standards And Practice

Download : 0 | Pages : 8

Question: Discuss About The Accounting Structure Of Dependent Inference?   Anawer: Introducation The conceptual framework of accounting was created in order to help the accountants and the companies to prepare and present the financial books as per the prescribed accounting standards. These framework on internation financial reporting standards form the base for the preparation of the future International Accounting Standards to b...

Read More arrow

ACCG923 Accounting Standards And Practice

Download : 0 | Pages : 7

Answer: Answer a The complexity and the key issues involved in the accounting of PPE are as follows: IAS16 does not provide the measurements criteria for the recognition purpose. Hence it requires judgement for the equipment part of an entity. Therefore, it is more beneficial to subdivide the equipment into two parts that is significant items and insignificant items. The recognition and de-recognition procedure shoul...

Read More arrow

ACCG923 Accounting Standards And Practice

Download : 0 | Pages : 6

Answer: Introduction In the recent business era, utmost importance is provided on the quality of financial information provided by the business entities as this information provides great aid in the decisions-making process (Kabir and Rahman 2016). This particular report aims on the analysis of the impairment write downs for the Australian companies and Wesfarmers Limited is selected as it is one of the leading retailers of Australia (wesfarm...

Read More arrow
Next

We Can Help!

Get top notch assistance from our best tutors !
Excel in your academics & career in one easy click!

icon
referearn

Refer & earn

Just refer 5 friends to earn more than $2000.

icon

5% Cashback

On APP - grab it while it lasts!

Download app now (or) Scan the QR code

*Offer eligible for first 3 orders ordered through app!

screener
ribbon
callback request mobile
Have any Query?