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On the Disclosure Reports of BHP Billiton Company

   

Added on  2021-06-14

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Running head: CORPORATE ACCOUNTINGName of the StudentName of the UniversityAuthor note
On the Disclosure Reports of BHP Billiton Company_1

CORPORATE ACCOUNTING1Executive Summary: The following report deals with the various kinds of disclosure reports and theircontents of BHP Billiton Company. It delves into the specific areas of the disclosure reportsof the company in order to portray a clearer understanding of the same. In this way, certainimportant merits of the disclosure report of the company has also been mentioned and someuseful suggestions towards the management of the company for successful reporting in thefuture has also been provided. Along with this the important aspects of amalgamation and therelative adjustment entries in the case of pre and post-acquisition dividends have also beenmentioned in this report.
On the Disclosure Reports of BHP Billiton Company_2

CORPORATE ACCOUNTING2Table of ContentsIntroduction:...............................................................................................................................3Discussion:.................................................................................................................................3Part A:....................................................................................................................................3Part B:.....................................................................................................................................8Conclusion:..............................................................................................................................11References:...............................................................................................................................12
On the Disclosure Reports of BHP Billiton Company_3

CORPORATE ACCOUNTING3Introduction:Analysis of the financial statements of any company plays a vital role in the arena ofcorporate accounting. These financial statements serve as the performance report card of thecompany’s annual performance. The importance of the consolidated balance sheet,comprehensive income statement, cash flow statement and the statement showing equitychanges, cannot altogether be ignored, as they serve as the most important source ofinformation for the stakeholders of the company. With these things at the very core of thisreport, it tends to provide examples of the various qualities of the financial statements, itsenvironmental practices, the various information disclosures and some recommendations tothe top management regarding the disclosure compliance. Along with this, acquisition relatedadjustments have been discussed. All these things have been compiled and discussed in thecontext of BHP, Billiton, which is the largest mining company in the world, in terms of themarket capitalisation (Finance.yahoo.com, 2018). The aim remains to enquire into the variousintricacies of corporate accounting with the help of a standard company, BHP.Discussion: Part A:1) aThe qualitative characteristics of any company’s financial reports is mainlyconsists of reliability, comparability, understand ability and reliability. Here, only theprinciples of comparability and relevance of the financial statements with reference toBHP’s financial statements. Relevance: The relevance feature of the financial statements states that the financialreports and the statements must be relevant to the various kinds of needs of the different
On the Disclosure Reports of BHP Billiton Company_4

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