Accounting: Analysis of Key Concepts and Measurement Issues

Running head: ACCOUNTING
ACCOUNTING
Name of the Student
Name of the University
Author Note

ACCOUNTING1
Executive Summary
The Accounting is a serious measure which helps the firms in communicating the
results of the organization with the investors by means of analytical representation of
the data. The report is based on the overall financial and accounting concepts of any
report, which has then been followed by the issue of measurement and the conceptual
Framework. In line of this the qualitative characteristics of the report have also been
discussed. The Caltex has been chosen as the firm which has been analysed and the
real life scenarios have been assessed.

ACCOUNTING2
Table of Contents
Introduction........................................................................................................................3
About the company............................................................................................................3
Analysis..............................................................................................................................3
The key accounting concepts........................................................................................3
The issue of Measurement and Conceptual framework................................................6
Analysis of the Relevance and Representational Faithfulness of the financial
statements......................................................................................................................6
Conclusion.........................................................................................................................7
References.........................................................................................................................9