Accounting Financial Analysis Report

Running head: ACCOUNTING FINANCIAL ANALYSIS REPORT
ACCOUNTING FINANCIAL ANALYSIS REPORT
Name of the Student
Name of the University
Author Note

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ACCOUNTING FINANCIAL ANALYSIS REPORT
Executive Summary
The reports show about the financial accounting process in the financial statement. The report
shows about the company Myer Holding Limited which is a departmental and carries its
business operation in Australia. It shows the valuation method which company uses in
regards of inventories, property, plant and equipment, provision and derivative financial
instruments. It also states the qualitative characteristic of conceptual framework in the
business.

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ACCOUNTING FINANCIAL ANALYSIS REPORT
Table of Contents
Introduction................................................................................................................................3
Overview of the Company.........................................................................................................3
Valuation of Asset and Liabilities..............................................................................................3
The valuation method used by company related to Asset and Liabilities..................................4
AASB Conceptual Framework..................................................................................................8
Conclusion..................................................................................................................................9
Reference..................................................................................................................................10

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ACCOUNTING FINANCIAL ANALYSIS REPORT
Introduction
Financial accounting is a branch of accounting which keep records of a company
transaction. It helps the company to maintain its financial statement as per the standard
guidelines set by Australian Accounting Standard (Beatty and Liao 2014). Company issue the
financial statement for the stakeholders who analysis the statement and take necessary action
regarding the financial position of company. The report based on the company Myer Holding
Limited. It shows the valuation method used by company in regards to asset and liabilities in
the business. This report also shows whether the valuation method used by the company is
appropriate in regards to conceptual framework of the business. It shows how the qualitative
characteristic of conceptual framework and whether the company can follow all the rules in
the preparation of financial statement.
Overview of the Company
The report is based upon the company Myer Holding Ltd, which is a departmental
store and carries its business operation in Australia (Myer Holdings Ltd 2019). It contains all
kind of product in the store which can meet the requirement all types of customers. The
headquarter of company is in Docklands, Victoria, Australia.
Valuation of Asset and Liabilities
Measurement concepts as per the accounting standard lead the information to the
company about the valuation of asset, liabilities and other elements of financial statement. It
provides a framework which should be followed by the company while carrying the valuation
method in asset and liabilities (Henderson et al., 2015). The measurement concepts used by
the company provide a foundation of the company financial health to its stakeholders which
helps them to take proper decision upon the company financial statement. These help the user
to compare one company financial statement to another company financial statement.