Contemporary financial and Integrated Reporting Assignment
Added on 2021-05-31
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Running head: CONTEMPORARY FINANCIAL AND INTEGRATED REPORTINGContemporary Financial and Integrated ReportingName of the Student:Name of the University:Author Note
CONTEMPORARY FINANCIAL AND INTEGRATED REPORTING1Table of ContentsIntroduction......................................................................................................................................2Core business of the company.........................................................................................................2Industry analysis..............................................................................................................................3Financial structure of the company..................................................................................................3Key elements of the financial performance of the corporate entity.................................................4Assets – PPE and Intangibles..........................................................................................................6References......................................................................................................................................11
CONTEMPORARY FINANCIAL AND INTEGRATED REPORTING2IntroductionThe reflection of the operations that are carried out by a single corporate entity arepresented in the accounting statements of the corporations that are published by the businessentities at the end of the financial years. It can be further stated that the particular format inwhich these accounting reports are prepared have been established by the Australian AccountingStandards Board in Australia. This particular study aims to have an overview into the accountingstatements of the corporate entities in order to ensure the fact that the accounting statements havebeen prepared in accordance to the regulatory standards that have been laid down by theaccounting regulatory bodies in Australia.The corporate entity that has been chosen for the purpose of the study is the BHP BillitonLimited and the particular company that has been chosen for the purpose of the comparison isRio Tinto. This study also aims to have an overview into the accounting treatments and rules thathave been utilized for the purpose of ascertaining the fact whether the financial statements havebeen prepared in compliance with the same.
CONTEMPORARY FINANCIAL AND INTEGRATED REPORTING3Core business of the companyThe core business of the chosen company that is BHP Billiton Limited is that thebusiness organization has been one of the world’s leading resource companies. Furthermore, thecorporate entity primary deals in the processing of the different natural resources like theminerals, gas and oil. The corporate organization holds a number of 60000 employees and carriesout operations primarily in Australia and America. The products of the company are sold on aworldwide basis and particularly the marketing and the sales activities are carried out worldwidethrough Singapore, Houston and Australia. BHP has been one of the most popular corporateentities and has been listed on the Australian Stock Exchange. The global headquarter of thecorporate entity has been situated in Melbourne, Australia. The different activities that have beencarried out the business entity are as follows:
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