Corporate Accounting

Running head: CORPORATE ACCOUNTING
Corporate Accounting
Name of Student
Name of the University
Authors’ note

CORPORATE ACCOUNTING1
EXECUTIVE SUMMARY:
This report is providing complete idea about the Telstra Ltd. a telecommunicating
organization. In the first part of this report is providing the idea about company’s internal and
external financial resources and followed the directors report analyses the various key
elements of financial performance. Next to such analysis this report is providing the details of
Property, Plant, and Equipment and intangible assets and also the regarding accounting
policies of those assets. Next to such details this report is providing the analysis of Corporate
Social Responsibility and sustainability development including the importance of such
particulars

CORPORATE ACCOUNTING2
Table of Contents
Introduction:...................................................................................................................3
Overview of the company:.............................................................................................3
Industry and the Competitors:........................................................................................3
Company’s capital structure and Finance Sources:.......................................................4
Key Elements relating to Directors’ Report:..................................................................5
Reported event after due date:........................................................................................6
Changes in Accounting Policies:...................................................................................6
Value of Property, Plant, and Equipment:.....................................................................7
Accounting policies relating to Property, Plant, and Equipment:..................................8
Intangible Assets:...........................................................................................................8
Accounting policies for Intangible Assets:....................................................................9
Accumulated impairment losses in Property, Plant, and Equipment:..........................10
Accumulated impairment losses in Intangible Assets:.................................................10
Key CSR and Sustainability Initiatives:.......................................................................10
Importance of Corporate Social Responsibility and sustainability development:.......11
Conclusion:..................................................................................................................12
References:...................................................................................................................13

CORPORATE ACCOUNTING3
Introduction:
Overview of the company:
Telecommunication is one of the important factor in todays’ life. In Australia Telstra
is consider as one of the leading company, who mainly engaged in providing
telecommunication service and marketing voice plus internet accessing services. In the year
1993, OTC a government establishment in Australia was amalgamated with the Australian
Telecommunication cooperation and formed as Australian and overseas Telecommunications
Corporation, which was later renamed as Telstra Corporation Limited (Anon, 2019). This
company is providing mainly the telecommunicating services through mobile and Internet
accessing facilities. In the year 2018, this company earns a revenue of $29,124 million by
providing customer telecommunication services to the Australian public.
Industry and the Competitors:
Telstra Ltd. is mainly engaged in providing the telecommunicating and internet
accessing service facilities all over in Australia. Such company is containing the leading
position in between others company relating to telecom service providers. Many other
companies in Australia are also engaged in providing telecommunicating services
(Campopiano & De Massis, 2015). Based on the SWOT analysis different other companies
are; Optus, Vodafone and Virgin mobile. Those are the top three companies engaged in
providing telecom services in Australia.
OPTUS: The Singtel Optus Pty Ltd. or Optus is the second largest company in Australia,
which is engaged in providing telecommunicating services like Telstra Ltd. Generally the
company is providing the fixed telephonic services, mobile telephonic services, internet
accessing services and also the cable television services in Australia.