Contemporary Issues In Accounting 3Table of ContentsExecutive Summary.........................................................................................................................2Introduction......................................................................................................................................4Estimate the conceptual framework with reference to the chosen company’s annual report..........5Annual report Adacel Limited and Adacel Technologies Limited..................................................6Revise conceptual framework in addressing the difference in corporate reporting......................11Clarification in the Directors Report and in the Notes to Financial Statements............................14Compare and contrast of the two annual reports, identify the differences in disclosures of these........................................................................................................................................................14Recommendations:........................................................................................................................16Conclusion:....................................................................................................................................17References:....................................................................................................................................18

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