Question: Discuss about the Australian Accounting and Contemporary Issues. Answer: Introduction The current study elucidates in detail the detailed objectives of the conceptual framework and the qualitative characteristics of the financial framework. The present report thereafter explicates in detail the extent to which the financial statements of the firm BHP Billiton adheres to the conceptual framework. BHP Billiton is a ...
Read MoreQuestion: Describe about the Human Resource Management for Planning and Reproduction. Answer: Introduction According to O’Loughlin & Griffith (2013), reflective writing is a kind of writing which helps a person analyze the past events of life and take lessons from those events so that they can be helpful in the future. Reflective writing does not only mean to put the past events in writing, but reflective writing is lot mo...
Read MoreQuestion: Describe about the Liability Facing Auditors due to Global Financial Crisis. Answer: Executive Summary The contemporary worldwide financial crises have escalated lasting debate relating to professional accounting as well as financial press regarding the reasonable nature of the liability of the auditor as well as the possible risk which fruitful lawsuits against auditors of a failed financial services organization and bank...
Read MoreQuestion: Discuss about the Interest Bearing Securities for Role in Portfolio Management. Answer: Introduction: Money market is a segment of the financial market where the securities are traded for shorter term and the risk associated with the money market is comparatively lower than the capital market. On the other hand, capital market is that section of the financial, market where the securities are traded for longer term ...
Read MoreQuestion: Discuss about the Auditing and Assurance Services Depreciation. Answer: 1. Based on management letter from last year the revenue and capital expenditures were not properly classified. Some revenue expenditure had been capitalized I.e. repair and maintenance expense must have been recorded in Income statement. Similarly there was big irregularity in treatment of depreciation. That is depreciation had range fluctuations...
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