Financial Reporting of Emirates Company

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FINANCIAL REPORTING
Group Names
Financial Reporting
Course Studied
Unit Title
Unit Code
Professor’s Name
Institutional Affiliation
Department
Date

1
Financial Reporting
Contents
Executive Summary.....................................................................................................................................2
Introduction.................................................................................................................................................2
Question 1...................................................................................................................................................3
Question 2...................................................................................................................................................4
Question 3...................................................................................................................................................4
Question four..............................................................................................................................................6
Question Five...............................................................................................................................................6
Recommendation and conclusion...............................................................................................................7
References...................................................................................................................................................8
Appendix.....................................................................................................................................................9
Emirates Image........................................................................................................................................9

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Executive Summary
Emirates is one of the largest companies in the world. The company is specialized in
airline transport and is ranked within the top ten companies globally. The company operates
within six continents. Estimations show that the company makes more than three hundred flights
from Dubai International Airport to more than one hundred and fifty destinations located in
approximately 74 countries across the world. The Emirates Company has always been viewed as
the largest airline firm in the Middle East. The company was established in 1985 and since then
developed spontaneously. The company is on record for winning diversity of awards in the
airline industry. This essay makes use of Emirates Company as a case study to address various
issues regarding financial reporting.
Introduction
Emirates Company is the best company to be evaluated in addressing the concerned
issues since the firm is substantial with adequate information regarding financial reporting
aspects. The company is listed on the Australia Stock Exchange and therefore its application
would be relevant internationally. Some of the key issues discussed in this report include but not
limited to the importance of developing AASB in business practices, identification and
evaluation of the data provided on the end year reports of Emirates Company, the motive of the
managers to disclose some of the data in the annual report, personalities regarding securities
market and investors and lastly comments regarding the statement integrating social
accountability and the formulation of the general purpose financial reports.