Corporate Accounting: Sources of Funds and Liabilities

CORPORATE
ACCOUNTING

ABSTRACT
As per the above report it is summarised that corporate accounting essential part of
accounting. There are selected two companies of Dexus and GPT and both are same sector
company. There are analysed of the funds of company and how to utilised in different activities.
The assets and liabilities of the company categorised as per the nature and measure with different
cost.

Table of Contents
ABSTRACT.....................................................................................................................................2
INTRODUCTION...........................................................................................................................4
MAIN BODY...................................................................................................................................4
(I) Different sources of funds used by chosen companies...........................................................4
(ii) Evolution of source of funds used by company over last three years....................................4
(iii) Identify the percentage of the fund that is internally generated and the percentage of the
fund that is externally generated for each selected company......................................................6
(iv) Explain the relative merits and shortcomings of the different sources of fund used by your
selected companies.......................................................................................................................7
(v) Critically examine different types of liabilities shown in the balance sheet of your selected
companies? Identify which ones of the liabilities are interest bearing and which ones are not
interest is bearing.........................................................................................................................8
(vi) Critically examine the key provisions under the AASB 137 ‘Provisions, Contingent
liabilities and Contingent assets'..................................................................................................9
(vii) Identify if your selected companies have made any reference to this particular standard
(AASB 137) in their annual reports...........................................................................................10
(viii) Identify all different categories of assets recorded by the selected companies................11
(ix) Critically examine the measurement basis used by the company for each class of assets
recoded by the selected companies............................................................................................12
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
Corporate accounting can be defined as a process which is dedicated to the activities of a
particular business entity. Under this types of accounting, accountant only focuses on monetary
records of a company. The project report is based on understanding about various kinds of
sources of funds which are used by companies (Al-Sartawi, 2018). For this purpose two ASX
listed companies has been selected which are Dexus limited and GPT group. Dexus limited
company is a real investment company and its headquarter is at New south Wales, Australia.
While GPT group is also a real state investment company. This company's headquarter is at
Sydney, Australia. The project report covers detailed information regards to different sources of
funds used by both of companies as well as percentage of internal and external source of funds.
In addition, further part of report covers information regards to key provision under AASB 137.
MAIN BODY
(I) Different sources of funds used by chosen companies.
Source of funds in Dexus limited company:
 Short term debts
 Long term debts
 Common stock
 Retained earnings
 Accumulated other comprehensive income
 Other equity
In the GPT group company same sources of funds are used.
(ii) Evolution of source of funds used by company over last three years.
Dexus limited company:
 Short term debts- In the aspect of this company, it can be find out they had taken short
term loan of $316 million in year 2016, $149 million in year 2017 and $205 million in
year 2018. This is indicating that company is taking loan of different amount in all three
years.
 Long term debts- In the aspect of this company, it can be find out they had taken long
term loan of $3371 million in year 2016, $2698 million in year 2017 and $3155 in year