logo

Financial Reporting Purpose Assignment

9 Pages2099 Words79 Views
   

Added on  2020-04-01

Financial Reporting Purpose Assignment

   Added on 2020-04-01

ShareRelated Documents
Master of Accounting
Financial Reporting Purpose Assignment_1
Executive SummaryThe present report analyses the market disclosure made by an ASX listed companyfor understanding the importance of meeting the objectives of general purpose financialreporting for business corporations. This is done to ensure that the financial reports meet theobjective of general purpose financial reporting. The qualitative characteristics outlined bythe conceptual framework (CF) developed by IASB are relevancy, reliability,understandability and comparability. The report has been prepared on the perspective of anaccounting graduate submitting the analysis of disclosures of the company selected in relationto PPE to the Chief Financial Officer (CFO).
Financial Reporting Purpose Assignment_2
ContentsIntroduction................................................................................................................................4Explanation of General purpose financial reporting objectives and the qualitativecharacteristics of useful financial information as per CF...........................................................4Extent of Wesfarmers Limited annual report meeting the disclosure requirements for PPE asper AASB 116............................................................................................................................5Critical analysis of extent of disclosures on PPE of Wesfarmers to satisfy the fundamentaland enhancing qualitative characteristics of useful financial information.................................6Critical discussion to the extent of the disclosures of Wesfarmers on PPE aligned with theobjective of general purpose financial reporting and recommendations for improvement.......7Conclusion..................................................................................................................................8References..................................................................................................................................9
Financial Reporting Purpose Assignment_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
ACCG923 Accounting Standards: Analysis of Qantas Airways Pdf 2022
|10
|1982
|48

Financial Reporting Disclosures in the Australian Corporate Sector
|13
|2275
|115

Accounting Standards and Practices Essay
|10
|2247
|31

Accounting Standards and Theory Assignment
|13
|3016
|82

Current Development In Accounting Thought | ACC518
|9
|2342
|140

Report on Critical Analysis of PPE
|8
|1910
|149