Corporate Accounting: Regulation, Standard Setting, and Owner's Equity Analysis
VerifiedAI Summary
The report is divided into three sections comprising of corporate regulation, accounting standard settings and owner’s equity. In the first section, the importance of regulation in the financial reporting process has been addressed. The second section demonstrates critical explanation of the standard setting process of AASB. Furthermore, last section depicts the analysis of owner’s equity of four companies listed on Australian stock exchange. For this purpose, information have been sourced from the published annual reports accessed from their respective websites.