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Financial Statements of Rio Tinto

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Added on  2021-06-16

Financial Statements of Rio Tinto

   Added on 2021-06-16

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Running head: CORPORATE ACCOUNTINGCorporate AccountingName of the Student:Name of the University:Author Note
Financial Statements of Rio Tinto_1
1CORPORATE ACCOUNTINGTable of ContentsIntroduction......................................................................................................................................2Cash Flow Statement.......................................................................................................................3Other Comprehensive Income Statement........................................................................................7Accounting for Income tax:.............................................................................................................9Conclusion:....................................................................................................................................10References:....................................................................................................................................11Appendix........................................................................................................................................13
Financial Statements of Rio Tinto_2
2CORPORATE ACCOUNTINGIntroduction The present report is centred on the analysis of the financial statements of a specificchosen company. The purpose of conducting the analysis of the financial statement will be todetermine whether the reports that are being prepared and presented by the company for theconsideration of the stakeholders, are showing the true and fair view of the entity or not. Thevarious elements or constituents of the financial statements are to be analysed which includes thecompany’s cash flow statement, the income statement and the balance sheet. Rio Tinto is the company that has been chosen for the given purpose. The main activitiesof the entity include mining and metals. By making use of its whole range of subsidiaries, thecompany conducts its own mining operations. 2015, 2016 and 2017 are the three years over theperiod of which the financial statements of the company will be analysed with respect to theperformance recorded by it and its financial position (Gordon et al. 2017). The position of thecompany and the performance of the company over the years will be analysed over the period ofthese three years. .
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3CORPORATE ACCOUNTINGCash Flow StatementFigure: Cash Flow StatementFor the preparation of the cash flow statement, the entity is using the direct method ofpreparation. The first item of the cash flow statement is the cash flow that is generated by thecompany from its revenue. This establishes the fact that direct method has been used for itspreparation. A clear distinction has been made in respect of the cash flow from the investing
Financial Statements of Rio Tinto_4

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