Introduce to Corporate Accounting - Report
Added on 2020-06-04
12 Pages2893 Words33 Views
Finance
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Corporate Accounting
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1QUESTION 1...................................................................................................................................1PART 1............................................................................................................................................11. Independent directors of the company...............................................................................12. Number of directors of each gender...................................................................................23. Qualification of three directors...........................................................................................24. Experience of these three directors.....................................................................................25. Were they on other boards .................................................................................................3PART 2 (REPORT).........................................................................................................................31. Profitability level of the company and stability of level in past years...............................32. Regarding dividend payment and growth of Equity in recent year....................................33. Opportunity for the future growth .....................................................................................44. Challenges in the current business activities......................................................................45. Contribution to social and environmental sustainability....................................................4QUESTION 2...................................................................................................................................5PART 1............................................................................................................................................51. A) Types of lease Rio Tinto used for its offices or properties...........................................5B) Lease used for equipment or other assets..........................................................................52. Requirement of particular type of each case......................................................................53. Treatment of leases in company's Annual report 2016......................................................54. Advantages and disadvantage of lease...............................................................................5PART 2............................................................................................................................................61. Identify types of lease.........................................................................................................62. Critical analysis of leasing..................................................................................................6QUESTION 3...................................................................................................................................6A. Key aspects of consolidation financial statements............................................................6B. Impact of income tax on consolidate statements...............................................................7C. To convert unrealised profits into realised profits.............................................................7CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................9
INTRODUCTIONCorporate accounting is a branch of accounting which deals with articular areas offinance that examine the financial decision of business firm. It consists of various aspects ofaccounting such as investment or capital budgeting and financing decision as well as dailyoperations of company (Bhasin, 2015). Under this accounting system measurement, recordingand analysis of financial data is related with the limited company. The project report consists ofvarious financial questions of RIO TINTO company which is an Australian firm. On the basis ofcompany's annual report for financial year 2016, the analysis is been done here in the report.Further, the overall project evaluation is done in order to get useful information about company’sperformance.QUESTION 1PART 11. Independent directors of the companyIn Rio Tinto plc have a common board of directors. They all are responsible for thegrowth and development of the company and, through the independent supervision ofmanagement, is responsible to shareholders for the execution of the business operations. Thetotal number of independent directors are 12. Those are: Megan Clark ACRobert BrownDavid ConstableAnn GodbehereAnne LauvergeonHon. Paul TellierSam LaidlawMichael L Estrange AOSimon ThompsonJohn VarleySimon Henry Richard Goodmanson1
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