Corporate Accounting: A Comparative Analysis of AGL Energy Limited and Beach Energy Limited

Corporate Accounting 1
Running Head: Corporate Accounting
Corporate Accounting

Corporate Accounting 2
Executive Summary
The report explains about the various corporate accounting aspects which are been taken into
consideration by the individuals in context of AGL Energy Limited and Beach Energy Limited.
The various elements which are involved in the cash flow are also explained in the report as it
will help in generating the cash for organization. With this the comparison of equity with that of
the debt is also identified in the report by comparing the information of the last 3 years. The
aspects of the other comprehensive income statement are also depicted and with the
understanding of the corporate taxes are also provided throughout the report by calculating the
effective tax rates.

Corporate Accounting 3
Table of Contents
Executive Summary.........................................................................................................................2
Introduction......................................................................................................................................4
Owners Equity.................................................................................................................................5
Cash Flows Statement......................................................................................................................6
Other Comprehensive Income Statement........................................................................................9
Conclusion.....................................................................................................................................18
References......................................................................................................................................19

Corporate Accounting 4
Introduction
It is necessary in all the business that the financial information should be presented in the proper
and appropriate manner so that the accuracy can be maintained within the organization. This
information is necessary as it helps the managers of organization in taking the strategic decisions
for the organization. With this the report will also the comparative analysis of the various
elements which are present in the cash flow statement.The analysis of the comprehensive income
statement is also done as it will enable in understanding the variations between thelast years data
and the current financial year. The cash tax rates are also evaluated with the effective tax rates so
that the actual taxable income of the organization can be determined. These all the adjustments
are done in accordance with that of the Beach energy and AGL energy Limited which deals in
the same industry.