Evaluation of the Financial Statements of the Westpac and the National Australia Bank

The report evaluates the various facets of the financial statements of the two renowned organisations from the financial sector of Australia, namely the Westpac and the National Australia Bank. Contents Introduction 3 Identification of the sources of funds 3 Evolution of sources of funds 4 Identification of percentage of fund 4 Merits and shortcomings of different sources of funds 5 Examination of different types of liabilities 6 Examination of key provisions under AASB Provisions, contingent assets and liabilities 7 Different categories of assets as being recorded by companies 9 Critical Examination of the