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Case Study of Telstra Corporation Ltd

   

Added on  2019-11-12

10 Pages2976 Words163 Views
By student name ProfessorUniversityDate: 03 October ,2017
Case Study of Telstra Corporation Ltd_1
1ContentsQuestion 1.................................................................................................2Question 2..................................................................................................2Question 3..................................................................................................4Question 4 ................................................................................................5Question 5..................................................................................................5Question 6..................................................................................................7Question 7..................................................................................................8Refrences...................................................................................................91 | P a g e
Case Study of Telstra Corporation Ltd_2
21.The two companies that have been selected for this case study are Telstra Corporation Ltd andWesfarmers Limited. A brief overview of both the companies is given below.Telstra Corporation Ltd is one of the biggest telecommunication Company in Australia. Itprovides various mobile and dth services along with other entertainment products and pay televisionservices. The company has the highest market share in Australia and is now trying to spread its businessto other countries as well[ CITATION Tys17 \l 16393 ]. It is fully privatized and the customer focus is themain aim of the company. The company is listed on the Australian Stock Exchange and providesemployment to large number of people. There is large number of companies in their business, Telstrahas the top position. The second company is Wesfarmers limited. It is the biggest AustralianConglomerate that is situated in Perth, Western Australia[ CITATION Gar17 \l 16393 ]. The major interestof the company lies in Australia and New Zealand retail, fertilizers, chemical, safety products, coalmining and other industrial goods and products. It is the largest Australian Company by revenue andprovides employment to a large number of people round the year. It is listed on the Australian StockExchange and also has the highest market share in this type of industry and is now expanding to otherparts of the world also. The company is performing extremely well in comparison with the othercompanies that are operating in the same field of operation[ CITATION May17 \l 16393 ].2.The annual report of both the company was downloaded and analyzed. In case of Telstra itwas seen that the financial statements of the company was prepared as per the IFRS framework and incompilation with the given accounting standards and principles. The books of the company are preparedas per the Corporations Act 2001. The annual reports of the company are audited by the auditors andthey have given a clear report for the same[ CITATION Bel17 \l 16393 ]. The financial statements of thecompany have been prepared accordingly with all necessary disclosures given in the notes of account ofthe company. The other company is Wesfarmers; the annual report of the company has been preparedas per Australian Accounting Standards. The statements of the company have been prepared as per theIFRS and have given the necessary notes with all the relevant disclosures and details. The books of thecompany have been prepared complying with the necessary accounting standards and accountingpolicies. The auditor has also given their clear report for the same[ CITATION Tys171 \l 16393 ]. Thus wesee that the annual reports of the company have been prepared on the basis of the same accountingpolicies and principles. This lends uniformity to both the statements and hence they can be easilycompared with each other.2 | P a g e
Case Study of Telstra Corporation Ltd_3

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