Financial Analysis Assignment 2022

Running head: ACCOUNTING FINANCIAL ANALYSIS REPORT
Financial Analysis
Name of the Student:
Name of the University:
Author’s Note:

ACCOUNTING FINANCIAL ANALYSIS REPORT1
Table of Contents
Executive Summary.........................................................................................................................2
Introduction......................................................................................................................................3
Discussion........................................................................................................................................3
Accounting Policies.....................................................................................................................3
Wesfarmers Accounting Policies and Estimates.........................................................................4
Application of Professional Judgements.....................................................................................5
Recommendations............................................................................................................................6
Conclusion.......................................................................................................................................6
References........................................................................................................................................7

ACCOUNTING FINANCIAL ANALYSIS REPORT2
Executive Summary
The aim of the assignment is to conduct an analysis on the various accounting policies and
concepts used in accordance with the AASB 108 and the applicability of the same in the various
professional judgments made by companies. The key accounting standards that has been
reviewed and analyzed were the AASB 108 Accounting Policies and AASB 116 Property Plant
and Equipment for the purpose of analysis. The applicable accounting standard that was taken
into consideration was the AASB 116 Property Plant and Equipment. Further, on a later note a
recommendation was also provided for the management of the company for the purpose of
improvement in the accounting policies followed in the context of PPE of the company.