Does the current accounting framework meet the needs of the users of financial reports as prescribed in the objective of the Conceptual Framework of Accounting? How the conceptual framework revision t

Choose Your Topic

All Subject Accounting Finance Engineering Science Computer Science

Economics Management Writing Mathematics Statistics Law Auditing Nursing Childcare Others

Does the current accounting framework meet the needs of the users of financial reports as prescribed in the objective of the Conceptual Framework of Accounting? How the conceptual framework revision t

Question Preview:

View Complete Question >>

Question Preview:

Does the current accounting framework meet the needs of the users of financial reports as prescribed in the objective of the Conceptual Framework of Accounting? How the conceptual framework revision to include Prudence is likely to address the disparity in Corporate Reporting is a requirement in your analysis. COMMENT FROM LECTURER: THE ASSESSMENT FOCUS NEED S TO BE ON WHETHER ACCOUNTING IS FULFILLING ITS PURPOSE AS AN INFORMATION SOURCE FOR FINANCIAL ECISIONMAKING. YOU MIGHT LIKE TO CONSIDER GENERAL PURPOSE FINANCIAL STATEMENTS AND IF THIS IS SATISFYING THE NEEDS OF USERS SUCH AS INVESTOR, SHAREHOLDERS ETC. AS THIS IS A CRITICAL REVIEW YOU SHOULD CONSIDER WHERE THESE NEEDS ARE BEING MET AND PERHAPS WHERE THEY ARE NOT BEING MET – INCLUDING SUGGESTIONS FOR IMPROVEMENT TO ACCOUNTING. • Reference to material of the course and a critical analysis of the annual reports is required. • Students are to critically analyse and develop supported recommendations and conclusions, in referenc to the relevant accounting framework (see Topics 1-5). • The analysis and supported recommendations need to be formatted into a professional report as would be expected in a modern organisation by management and clients. Focus on quality not quantity with the assignment!!!! Answer the question. Your assignment should include recent and relevant academic references (intext and other). THERE IS A NEED TO FOCUS IN YOUR ASSESSMENT ON THE QUESTION AND NOT ON COMPANIES SELECTED. COMPANIES SELECTED WILL REPRESENT A DEMONSTRATION ON THE CRITICAL ANALYSIS YOU HAVE UNDERTAKEN. • Task Details: Download the latest annual report of any two listed companies. • Annual Reports are available on the company website or ASX website. • Analyse the conceptual framework with reference to the annual reports of your chosen companies in light of the reporting requirements imposed on accountants and those charged with governance of corporations. • Your analysis may include the following: • Are the annual reports in compliance with the conceptual framework and AASB standard requirements? • You need to use extracts from the annual reports to support your analysis. • Provide screen shots of the relevant sections from the reports in your assignment. • If they are not in compliance, explain the reason. • How the conceptual framework revision to include Prudence is likely to address the disparity in • Corporate Reporting • You may find the explanations in the notes to the financial statements or in the Director‟s Report. • Compare and contrast the two annual reports, identify the differences in disclosures of these The assignment should include the following parts: (a) A title / cover page, which indicates basic information such as Subject title, Subject code, Trimester number, Assignment title, group members‟ full names and KOI student numbers, word count and name of the tutor; (b) Executive Summary; (c) Table of Contents; (d) Main contents – Introduction, analysis using suitable headings and subheadings, Conclusions and Recommendations, Appendices (if any); (e) References (using Harvard – Anglia style); and/or (f) Attachments. Marking Guide: Analysis 30% Research – extent and application 30% Recommendations/conclusions 20% Presentation 20% This mark will be scaled to a mark out of 20 subject marks

View Less >>

Solution Preview

This is an individual assignment; reflect the usage of financial report, and requirements to meet the objective of financial report. There are numbers of large group of individual stakeholders; all the groups of stakeholders used the financial report for collecting and analyzing the information’s of business entity in order to make sound decisions. However

question Get solution

$10

Orginal Price : $13.0

Pay Now

Upload Assignments

Get Your Assignment

Don’t delay more, place your order now. Quick assignment help will be offered to you.

Order Now

CUSTOMER REVIEWS

Excellent

Based on 702 reviews See all reviews here

One of the Best Service

I trust LiveWebTutors for my assignments because of their ability to deliver the perfect assignments time and again. Only a few of my assignments required minor revisions. The rest assured it is the best assignment writing service in the market.

Elizabeth
Sydney

Great Service and on time

I felt so exhausted and burdened with the large number of assignments I had to write and desperately needed someone to help me with all the writing and there was LiveWebTutors company on the internet. They finished my assignments before the due date and also offered me a first-timer discount.

Christina
Perth

One of the Best Assignment Provider

I ordered my Mathematics and Marketing assignments from them last month. I received the content on the set date. Most importantly, the assignments were well-written and plagiarism free. I scored a top grade for the assignment written by them. They are a reliable company.

Oli
Brisbane

Very Helpful Customer Service

I was quite unsure about getting my assignment written online but after coming across LiveWebTutors.com, all my worries have vanished. The quality of the assignments written by their writers is just invincible. Their customer support is very polite and helpful. You should try their service at least once

Kabir
Adelaide

Let Us Help You

shopping cart 0

Amount Payable : $0

World's Leading Assignment Library

Choose Your Topic

Does the current accounting framework meet the needs of the users of financial reports as prescribed in the objective of the Conceptual Framework of Accounting? How the conceptual framework revision t

Question Preview:

Question Preview:

Solution Preview

$10

Upload Assignments

Get Your Assignment

CUSTOMER REVIEWS

Excellent

One of the Best Service

Great Service and on time

One of the Best Assignment Provider

Very Helpful Customer Service