Corporate and Financial Accounting 2022 Report

Running head: CORPORATE AND FINANCIAL ACCOUNTING
Corporate and Financial Accounting
Name of the Student
Name of the University
Author Note

CORPORATE AND FINANCIAL ACCOUNTING1
Executive Summary
The report aims to understand and gain knowledge about the various sources of fund
used by a company. In the discussion, two different companies have been chosen that are
‘Investec Australia Property Fund' and ‘Carsales.' The sources of the fund as equities and
liabilities of both the companies have been discussed. Addition to this, the movement,
advantages, and disadvantages of these sources are also stated in this report. Further, the
report has discussed different types of proprietary companies such as large, small, and
reporting entity. At last, it has been described as various implications in terms of compliance
and reporting requirement to these entities.

CORPORATE AND FINANCIAL ACCOUNTING2
Table of Contents
Introduction................................................................................................................................3
Discussion..................................................................................................................................4
(PART A)...................................................................................................................................4
i. Items recorded under Owner’s Equity Section of:..............................................................4
 Investec Australia Property Fund....................................................................................4
 Carsales...........................................................................................................................4
ii. Movement of items under Owner’s Equity Section............................................................5
iii. Items recorded under Liabilities Section of:...................................................................6
 Investec Australia Property Fund....................................................................................6
 Carsales...........................................................................................................................7
iv. Movement of Items under Liabilities Section.................................................................7
v. Advantages and disadvantages of Sources of Fund............................................................8
(PART B).................................................................................................................................10
 Conditions under which a proprietary company is treated as Large or Small:.............10
 Reporting Entity............................................................................................................11
 Implications respect to Compliance and Reporting......................................................11
Conclusion................................................................................................................................12
References................................................................................................................................13
Introduction

CORPORATE AND FINANCIAL ACCOUNTING3
The report has been prepared to develop a clear understanding as well as to answer
the relevant questions related to the various sources of funds that are used by a company to
raise their funds. The preparation of this report is done through a comparative analysis of
sources of fund used by ASX listed two different companies. The companies chosen here for
making this report are ‘Investec Australia Property Fund’ and ‘Carsales.' In the discussion
section, the answer is based on proper analysis of both the company’s annual reports for a
three-year period. It has been discussed about the items as well as the movement of the stated
items in the section of equities and liabilities. Addition to this, it has discussed the several
classifications of the companies for reporting.
Company’s Overview
Investec has started its journey in the year 1974 in South Africa as a small finance
company and entered the UK in the year 1992. Today it is working at an international level
with above 10,000 employees that provides service to the clients within the Specialist
Banking, Asset Management, and Wealth and Investment.
Carsales was founded in the year 1997 that comes under an industry related to media,
internet, and E-Commerce. It works as an online market place where information about
several product/service is given by different third parties. In Australia, Carsales is
additionally associated with the automotive industry. The company is highly specialized in
online marketing for cars automotive, motorbikes as well as marine categorized professional
in Australia.