This report analyzes the financial accounting practices of Telstra Group, a leading telecommunications and technology company, based on its 2016 annual report. It examines the classification of expenses by nature and function, explores the company's accounting policies, including key estimates and judgments, changes in policies, and other relevant details. The report also delves into the notes to the financial statements, focusing on depreciation, cost of plant, property, and equipment, and impairment charges. The analysis provides insights into Telstra's financial reporting practices and their impact on the company's financial performance.