This report discusses the concept of equity and liabilities in corporate and financial accounting. It analyzes the fluctuation of equity and liabilities in ANZ Bank and Commonwealth Bank in the last three years. The report is divided into two parts, where Part A discusses the liabilities and equity, and Part B discusses small proprietary, large proprietary, and reporting entity. The report also explains the advantages of funds such as debts, equity, and cash and cash equivalents. The subject is finance, and the course code is 10. Get access to solved assignments, essays, and dissertations on Desklib.