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Case Study : National Australia Bank Ltd

   

Added on  2021-01-01

6 Pages1352 Words235 Views
NAB BUSINESS REPORT

Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Size of organisation.....................................................................................................................1Financial requirements, taxation requirements and legal requirements......................................1Review of annual report..............................................................................................................2Ethical consideration...................................................................................................................3CONCLUSION................................................................................................................................3REFERENCES................................................................................................................................4

INTRODUCTIONBusiness report analysis is an important task to analyse the effectiveness of financialstructure, basis, legislative system and auditing standards of organisation (Collis and Hussey,2013). This provides a brief evaluation of annual report of NAB (National Australian Banking).Scale of organisation, financial reporting requirements, taxation requirements and legalrequirements are addressed in respect of organisation. Financial reporting principles and thebook keeping system are considered in organisational context in this report. Ethical considerationand its nature discussed with disclosure requirements.MAIN BODYSize of organisationNAB (National Australian Banking) is an international financial institution retains 4thposition in banking industry in Australia. It has wide criteria in terms of providing financial andbanking services such as market capitalisation, funding, deposit, earning and deposit facilities. Ithas ranked 21st largest financial institution in the world in terms of market capitalisation. There isa specific criteria decided to analyse the size of organisation which is defined as follows;If consolidated revenue of business or entity for the financial year remains $25 million ormoreGross assets of company remain $12.5 mullion or more at the end of the financial year If company retain the employees strength of more than 50 employees at the end of thefinancial year.NAB is considered as large company because it fulfil all the required criteria asNet revenues are $5288 million for the year ended 30th September 2017.Gross assets was recorded of $788325 million for the year ended 30th September 2017.Employees has a strength of 33000 thousand employees in more than 900 locations.From the above information it is resulted that NAB fulfils all the required criteria ofbeing a large scale organisation (Annual report of NAB, 2017).Financial requirements, taxation requirements and legal requirementsFinancial requirements: Income statement, position statement, statement of change inequity, cash flow statements are the main financial requirement that helps in financial reporting.There is a categorised information produced under financial statements. Income and expenses,1

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