Corporate Accounting Report 2022

Running head: CORPORATE ACCOUNTING
Corporate Accounting
Name of the Student
Name of the University
Authors Note
Course ID

CORPORATE ACCOUNTING1
Executive Summary:
The report here focuses on companies taken from the materials sector. The companies
selected in this report is Adelaide Brighton Ltd and Alumina Ltd that are listed in the top 200
of the ASX. The report would consider the last three years’ period of both the companies to
understand the movement of its balance sheet items. Apart from this, a critical examination of
the concepts of small proprietary firm, large proprietary firm and reporting entity will be also
considered as well. The financial performance of the both the companies along with the
movement in the owners’ equity and liabilities will also be considered as well.

CORPORATE ACCOUNTING2
Table of Contents
Introduction:...............................................................................................................................4
Part A:........................................................................................................................................4
Items recorded under owners’ equity section:.......................................................................4
Movement of each item under owner equity:........................................................................7
Items recorded under liabilities section:................................................................................7
Movements in each item recorded in liabilities section:........................................................9
Advantage or disadvantage of sources of fund:...................................................................10
Part B:.......................................................................................................................................11
Critical examination of concepts of small proprietary company, large proprietary company
and reporting entity:.............................................................................................................11
Implications of being classified as any one of the companies:............................................12
Conclusion:..............................................................................................................................13
References:...............................................................................................................................14

CORPORATE ACCOUNTING3
Introduction:
Corporate accounting is regarded as the special branch of accounting that is associated
with the bookkeeping for businesses, preparing the financial accounts and the cash flow
reports. The corporate accounting is also associated with the analysis, interpretation of the
businesses financial outcomes and preparing the consolidated balance sheets (Williams and
Dobelman 2017). The corporate accounting facilitates the comparative analysis of the
financial statement that provides the users with the information for assessing the change in
direction of business. The financial performance is viewed as measuring the overall financial
condition of the company over the given time period.
The present report is based on two ASX listed companies namely the Adelaide
Brighton Ltd, Alumina Ltd. The report would consider the last three years’ period of both the
companies to understand the movement of its balance sheet items. Apart from this, a critical
examination of the concepts of small proprietary firm, large proprietary firm and reporting
entity will be also considered as well.
Part A:
Items recorded under owners’ equity section:
The owners’ equity is viewed as investment of the owner’s in their business less the
owner’s withdrawal from the business plus the total amount of net income from the time
when the business commenced (Crowther 2018). It is regarded as one of the three main
sections of an organization’s balance sheet. It mainly comprises of equity capital, general
reserve and retained earnings.
Adelaide Brighton –