Financial Reporting Disclosures in the Australian Corporate Sector
Part I – Research Based Report (15%)
Word limit: 1,300 words
Part II – Video Oral Presentation (5%)
Part I – Research based report (15%) – ACCG224: Financial Accounting and Reporting Assignment Help
As a new accounting graduate you have recently joined the accounting department of an ASX listed company. To complete this assignment you will need to select a suitable company yourself that meets the following criteria:
- The company must be a constituent of the S&P/ASX 300 index (www.asx300list.com);
- The company cannot be in the ‘Financial’ sector;
- The company must publish audited annual financial reports in English, fully complying with IFRS or AASB standards;
- The company must have a 30 June year end.
The Chief Financial Officer (CFO) approaches you with your first task. In their last meeting, the Board of Directors of your company discussed the importance of ensuring that their financial reports meet the objective of general purpose financial reporting and qualitative characteristics of useful financial information as outlined in the IASB September 2010 ‘Conceptual Framework for Financial Reporting’ (CF). Board members are concerned about the company’s reputational standing in the market relating to deviations from these objective and qualitative characteristics, specifically in the area of Property, Plant and Equipment (PPE).
Therefore, the Board decided to have a review of the relevant disclosures in the company’s latest annual report pertaining to PPE and whether these disclosures are aligned with the CF’s objective and qualitative characteristics.
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Assessment of report : ACCG224: Financial Accounting and Reporting Assignment Help
The research based report represents 15% of your total mark for ACCG224 and is compulsory. Your assignment will be marked out of 60 as shown in the Report Marking Rubric on page 6 of this document and will then be converted to a mark out of 15 percent
Report submission instructions
Report Format
Before you start writing your report, it is recommended that you undertake the following (both of these can
be accessed through the ‘Assessment Task’ folder on iLearn):
1. Watch the e-lecture on business report writing
2. Take a look at the sample Business Research Report provided on iLearn
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