Corporate and Financial Accounting: Analysis of ASX Listed Companies

Running head: CORPORATE AND FINANCIAL ACCOUNTING
Corporate and Financial Accounting
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Author’s Note:

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CORPORATE AND FINANCIAL ACCOUNTING
Executive Summary:
The report has dealt with two companies who are listed in ASX and has gone
through the various aspects of the financial statements of both the companies. The
report has discussed various aspects of the financial reporting which shall benefit
various stakeholders of the companies that have been discussed in this report.

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CORPORATE AND FINANCIAL ACCOUNTING
Table of Contents
Table of Contents.......................................................................................................2
Introduction...................................................................................................................3
PART A.........................................................................................................................3
Response..................................................................................................................3
Consolidated balance sheet......................................................................................5
PART B.........................................................................................................................6
PART C.........................................................................................................................9
Response..................................................................................................................9
Conclusion..................................................................................................................12
Reference List.............................................................................................................13

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CORPORATE AND FINANCIAL ACCOUNTING
Introduction
Within the companies, the accounting standards are being regarded as a
significant component. Three parts of the accounting standards are being analyzed
within this paper. The consolidated, as well as the equity accounting, are being
considered within the first part. The AASB 10 and the AASB 128 are being regarded
within this segment. The intragroup transaction of the company JKY limited is being
considered within the second part. A detailed analyzation is being performed over
the accounting standard of AASB 10 and 127. The NCI disclosure is being
considered within the third segment as per the requirement of AASB 101. The whole
section is being summarised within the task.
PART A
Response
The desire of the JKY limited is to acquire FAB limited. This is a company
which is listed in ASX. A suitable profit is present within the treasury of this company.
Choices are there for increasing the profit of the company. The guidelines of the
purchases and joint ventures are being issued by the AASB 128. These are the
guidelines which are required to be followed by the company. Two possible options
are there for attaining the FAB limited which are the method of purchase and the
acquisition where the direct purchase of the company is being implied and the
second option is about the involvement of the acquisition for attaining the company
shares (Watson, 2015). A major amount of profit is being attained by the company
over both the options considering the acquisitions. A special case of the
consolidation as well as equity accounting as per the consequences which are
discussed in the chart: