Funds that have been used by the organizations Pelican Resource Limited and Rio Tinto PLC over the last three financial years

Running Head: CORPORATE ACCOUNTING
CORPORATE ACCOUNTING
Name of the Student
Name of the University
Author Note

CORPORATE ACCOUNTING1
Executive summary
The report which is presented is based on the sources of funds that has been used by the
organizations over the last three financial years. Two organizations that are selected are Pelican
Resource Limited and Rio Tinto PLC. All the percentage of funds that the organization uses both
internally and externally are discussed here. In the later part, the types of assets and liabilities
which are being used are being presented in the balance sheet are explained here.

CORPORATE ACCOUNTING2
Table of Contents
1. Introduction..............................................................................................................................4
2. Different sources of funds........................................................................................................4
3. Use of the sources of fund........................................................................................................5
4. Percentage of funds generated internally and externally..........................................................6
5. Merits and shortcomings of different sources of funds............................................................8
6. Different types of Liabilities in Balance Sheet........................................................................9
Deferred tax liability....................................................................................................................9
Borrowings..................................................................................................................................9
Non-interest bearing liabilities..................................................................................................10
Interest-bearing liabilities..........................................................................................................10
7. Key provisions under the AASB 137.....................................................................................10
Contingent assets.......................................................................................................................10
Contingent liabilities..................................................................................................................11
Provisions..................................................................................................................................11
8. Implication of AASB 137.......................................................................................................11
9. Classification of assets...........................................................................................................12
Trade and other receivables.......................................................................................................12
Inventories.................................................................................................................................12
10. Measurement basis..............................................................................................................13

CORPORATE ACCOUNTING3
Plant and equipment..................................................................................................................13
Inventories.................................................................................................................................13
Cash and cash equivalent...........................................................................................................13
11. Conclusion..........................................................................................................................13
References......................................................................................................................................15