Financial Accounting Assignment -

You are working in the Investment Advice section of the strategic planning department of a major organization. Your organisation is considering the Australian equities market.

Management has called a meeting with you and your colleagues, and during the meeting have discussed the effects of the legal need of public listed corporations to conform to the Australian Financial Reporting Standards. They have asked you and your colleagues to sample a selection of ASX listed companies and establish the extent to which corporations comply in detail with the spirit of the law. Management is curious about the compliance regarding several particular areas of the Standards, in particular, leasing, liabilities, and earnings per share, intangibles and tax effect accounting. Management, however, believes that as an indicator,

Required: Your assignment is to complete a report to management in this regard.

You are required to select two companies from the ASX list.

You are then to obtain copies of those companies' latest annual reports and investigate any three areas of the following areas:

CHOOSE ANY THREE QUESTIONS FROM BELOW FIVE - KEEP SAME TWO COMPANIES FOR EACH QUESTION

1. Review the most recent financial statements of two Australian firms from different industries. Analyse, compare and discuss both firms' disclosure of leasing to explore both firms' compliances with relevant accounting standard and support your arguments using relevant research literature.

2. Review the most recent financial statements of two Australian companies from different industries. Analyse, compare and discuss both firms' disclosure of earnings per share to explore both firms' compliances with relevant accounting standard and support your arguments using relevant research literature.

3. Review the most recent financial statements of two Australian companies from different industries. Analyse, compare and discuss both firms' disclosure of liabilities including provisions and contingent liabilities (excluding lease liabilities) to explore both firms' compliances with relevant accounting standard and support your arguments using relevant research literature.

4. Review the most recent financial statements of two Australian companies from different industries. Analyse, compare and discuss both firms' disclosure of intangible assets to explore both firms' compliances with relevant accounting standard and support your arguments using relevant research literature.

5. Review the most recent financial statements of two Australian companies from different industries. Analyse, compare and discuss both firms' disclosure of income tax expense, benefits and obligations to explore both firms' compliances with relevant accounting standard and support your arguments using relevant research literature.

At the end of each section, consider what improvements to firms' disclosure may improve the decision usefulness and transparency of the accounting information you have analysed. Evidence of research beyond the prescribed texts is required. Ensure these are referenced appropriately in your references.

You are however presenting ONE report covering the four (three) points, and therefore need to properly integrate the four (three) points into the report at the introduction and conclusion. This means you must justify why you chose the points you did and ignored other points. A short conclusion of your overall findings is expected by management.

Approximate word Length: 4000 words.

Attachment:- Assignment File.rar