Corporate Accounting

Running head: CORPORATE ACCOUNTING
Corporate Accounting
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CORPORATE ACCOUNTING
1
Table of Contents
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CORPORATE ACCOUNTING
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Introduction
The main purpose of the assessment is to evaluate the financial statement of Rio Tinto ltd
which is one of the leading businesses engaged in mining businesses. The assessment would be
dealing with day to day businesses operations which is undertaken by the management of the
company. The assessment would be making comparisons with previous year performance of the
business and also would be checking for any changes in the accounting policies and practices of
the business. In addition to this, the carrying value of property, plant and equipment would be
identified in the report.
The company which is selected for this assessment is Rio Tinto Ltd which is an Anglo-
Australian company and the company has main operations in the mining and extraction sector in
Australia. The company is also regarded as one of the leading metal businesses operating in
Australia. The headquarters of the company is situated in Melbourne and the company is listed in
both Australian Stock Exchanges and London Stock Exchanges.
Discussion
Core Business of Rio Tinto Ltd
As per the annual report of the company for the year 2018 and also from reviewing the
overview of the business, it can be said that the core business of company is engaged in mining
and metal business. Some of the important mineral based products which is offered by the
business are uranium, iron ore, aluminium, copper, coal and diamonds. The core activities of the
business are associated with mining and extraction of such minerals. The company also conducts
secondary activities such as refining activities which includes for products like bauxite and iron
ores.