Regulation of Financial Reporting System and Analysis of Equity and Debt Components in Mining Industry

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HA2032 Corporate and Financial Accounting

Financial accounting
Executive summary
It has been noticed that in today's world, organizations have increased the uses of financial
reporting in their systems and also have maintained levels of disclosure for maintaining good
relationships with their investors. However, the company should also maintain a level under
which it is disclosing the information to the investors. This report consists of a detailed analysis
over the level of disclosure that should be maintained by an organization and also it has been
discussed that it should be regulated in the managerial framework of an organization or not. The
report also contains a discussion about IFRS and the AASB. The report will also be concluded
with the study of four public companies based on their equity and debt components.
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Financial accounting
Contents
Introduction.................................................................................................................................................4
i. Corporate regulations..........................................................................................................................5
ii. Accounting standard setting.................................................................................................................5
Owner’s equity............................................................................................................................................7
iii. Item of equity.........................................................................................................................................7
iv. Comparative analysis of the debt and equity position...........................................................................10
Conclusion.................................................................................................................................................11
References.................................................................................................................................................12
Appendix...................................................................................................................................................13
Appendix – 1 Owner’s Equity.....................................................................................................................13
Appendix 2 - Comparative analysis of the debt and equity position.........................................................14
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Financial accounting
Introduction
Every organization should try and disclose the required terms and conditions to various type of
user so that the decision-making process can be carried out by them. In today's world, it has been
observed that the principle of disclosure is not being able to fulfil the needs of the financial
reporting of users. The environment is divided between two groups of people among which half
are satisfied with the information they have been provided with and the other half is not satisfied
with the information and is earthling to know more about the financial statements of the
organization (Porter & Norton, 2014). Hence a regulation of financial reporting system should be
carried out so that the management can disclose certain information in relation to the financial
position of the company to the users. If the company or disclose the information voluntarily, then
it can face many issues in near future.
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