Welcome to Live Chat

Welcome to LiveWebTutors Services, World's leading Academic solutions provider with Millions of Happy Students.

Call Back
logo

24x7 Support Available

To Get the Best Price Chat With Our Experts

chat now

In A Hurry? Get A Callback

shopping cart 0

Subject Solutions Code Description Price Delete

Amount Payable : $0

continue shopping proceed to checkout

World's Leading Assignment Library

Annual Report: Australian Agriculture

Question Preview:

Topic: Australian Agriculture Report type: Annual report words: 1500 words this is conceptual framework “Australian Agriculture “...

View Complete Question >>

Question Preview:

Topic: Australian Agriculture Report type: Annual report words: 1500 words this is conceptual framework “Australian Agriculture “

View Less >>

Solution Preview

IntroductionAASB in Australia has developed the accounting requirements and standards for the organizations working in Australia so that the organizations are able to follow the principles of corporate governance. They have developed many standards to guide the concerns at the time of the preparation of the financial statements.  The report has discussed the extent to which the conceptual framework has been followed by the company Australian agricultural company ("Australian Agricultural Company", 2018). The report has tried to present a comprehensive insight into the issue.Conceptual frameworkThe Conceptual framework is a framework which guides the organization to follow the standards laid down by the International Accounting Standards Board. This basically has assisted in interpreting and understanding the Standards.Qualitative characteristics of financial informationAs per IASB, the revisions were made in the qualitative characteristics in 2010 after setting a joint project with FASB. The general financial information disclosed by the companies need to have certain qualitative charismatics. These are two types: fundamental and enhancing characteristics.•    Relevance: The financial information must be capable of providing information to the readers so that they make decisions based on this. The company has provided all the data which can help the readers to predict the future value or take certain decisions ("Conceptual framework", 2018).Materiality: The information must be disclosed and no information must be omitted which has the capacity to influence the decisions. The company Australian Agricultural has disclosed all the material information through its annual report to its shareholders and they have stated this in their annual report.•    Faithful representation: The financial reports must also present a fair and true vie to the investors. This must be free from errors and is also neutral. The aim of IASB is to maximize such qualities to the extent as much as possible. The company has stated by a declaration by the CEO and CFO of the company that the report presents a true and fair view of the financial performance end the position of the company. This is also supported by the declaration made by independent auditors.Enhancing qualitative characteristics•    Comparability: This is a feature which facilitates the readers in making a decision by comparing the data. The annual report prepared by the company contain information about the previous years, and the principles used in this are also consistent and in this way the reports are comparable.•    Verifiability: This is required by IASB to know about the authenticity of the reports. This means that various independent authors have come to the same conclusion about the company. The reports of Australian agriculture have been audited by the internal team and also by independent external auditors. They have stated their declaration in the and that the company has followed all the requirements.•    Timeliness: the information has to be provided to the users in time as older information is not useful. The company has provided the information to the users prompt which has enabled them to take timely decisions.

question Get solution

$15

Orginal Price : $19.50

Pay Now

Upload Assignments

250 words

side

Get Your Assignment

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

Order Now

CUSTOMER REVIEWS

Excellent

logo

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