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Accounting Theory and Concept Conceptual Framework Assignment

   

Added on  2021-05-30

7 Pages1853 Words54 Views
Finance
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Running head: ACCOUNTING THEORY AND CONCEPT CONCEPTUAL FRAMEWORKAccounting Theory and Concept Conceptual FrameworkName of the Student:Name of the University:Author note
Accounting Theory and Concept Conceptual Framework Assignment_1

ACCOUNTING THEORY AND CONCEPT CONCEPTUAL FRAMEWORK1Table of ContentsIntroduction......................................................................................................................................2Company Profile..............................................................................................................................21.Outside News...........................................................................................................................32.Intangible Assets......................................................................................................................33.Remuneration Report...............................................................................................................4Recommendation.............................................................................................................................5References........................................................................................................................................6
Accounting Theory and Concept Conceptual Framework Assignment_2

ACCOUNTING THEORY AND CONCEPT CONCEPTUAL FRAMEWORK2IntroductionThe issue that has been presented in the question is that the accounting report of aparticular corporate entity has been asked to be analyzed for the purpose of ensuring the factwhether the financial statements have been prepared in accordance to the general purposereporting framework that has been established by the Australian Accounting Standards Board.This particular study aims to have an overview into the annual report of the particularcorporate entity of Crown Resorts Limited and in the process understand the general features ofthe reporting framework that should be mandatorily followed by the listed organizations that arelocated in Australia.Company ProfileCrown Resorts Limited has been one of the largest entertainment groups situated in thecountry of Australia. The particular corporate entity has continued to invest in the resorts ofAustralia and has resulted in making the fact prominent that it remains one of the most valuabletourism assets in the country. There are four branches that the corporate entity has in total. Theseare Crown Sydney, Crown Perth, Crown Melbourne and Crown Aspinalls. This means that thisparticular resort enterprise in Australia is spreads over the entire country. It can be further statedthat in Australia, Crown Resorts totally owns and carries out the operations of two of the mostpopular resorts in Australia that are of the name Crown Melbourne Entertainment Complex andCrown Perth Entertainment Complex. It should be noted here that this particular corporate entityalso carries out its significant operations outside Australia. This means that the corporate entityalso has a business unit in London with the name Crown Aspinalls which has gained muchpopularity in the foreign country (Tham and Huang 2018).Moreover, another fact that can be mentioned in regards to the benefits that have beenacquired from the company is that the resorts of Crown that are located in Sydney, Melbourne,Perth and Aspinalls have contributed to the annual GDP of Australia by a significant amount.Furthermore, this business entity also holds the record of consisting a majority number ofemployees in Australia. To be precise, it consists of 15,600 employees in total. In addition tothis, it has been further mentioned in the annual report of the corporate entity that for the
Accounting Theory and Concept Conceptual Framework Assignment_3

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