Financial Statement Preparation PDF

Case Study Report

EXECUTIVE SUMMARY
AASB is defined as the Australian Accounting Standards Board, a Commen wealth Government
Body governing and regulating the accounting standards by focusing on necessary requirements
which every company, public sector enterprises as well as not profit business organisation has to
follow or comply with. This report is based on Technology Enterprises Ltd which has modified its
methodology related to the recharging of batteries used by its products. This report will streamline
about the Accounting standard to be followed and its concept for preparation of the financial
statement for the year ended 30 June 2018.

Table of Contents
EXECUTIVE SUMMARY..................................................................................................................2
INTRODUCTION...............................................................................................................................4
MAIN BODY.......................................................................................................................................4
1. Concept of AASB 138 in relation to preparation of financial statements...................................4
2. Rules or Restrictions in AASB 138 impacting comparability features of financial statements..6
3. Recommendation related to concern with Investor's Interpretation in relation with the
financial statement..........................................................................................................................7
CONCLUSIONS..................................................................................................................................8
REFERENCES..................................................................................................................................10