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Report - Corporate Accounting

   

Added on  2020-05-16

9 Pages2405 Words41 Views
Running head: CORPORATE ACCOUNTING Corporate AccountingName of the StudentName of the UniversityAuthors NoteCourse ID

CORPORATE ACCOUNTING1Table of ContentsAnswer to question 1:.................................................................................................................2Answer to question 2:.................................................................................................................3Answer to question 3:.................................................................................................................4Answer to question 4:.................................................................................................................4Answer to question 5:.................................................................................................................5Answer to question 6:.................................................................................................................6Answer to question 7:.................................................................................................................7Reference List:...........................................................................................................................8

CORPORATE ACCOUNTING2Answer to question 1:The financial statements offer the users of the financial statement with the better viewof the liquidity position of the organization. The statement of financial position is regarded asthe appropriate medium of determining the firm’s financial position. The balance sheet isgenerally made up of the Assets, Liabilities and Equity (Flannery 2016). Taking in theaccount the latest annual report of the Charter Hall Retail Reit Unit it is understood that thecompany in the statement of financial position equity. Under the heads of the equity, thecompany has reported the contributed equity, reserve and accumulated losses. As evident from the annual report of the Charter Hall Retail Reit Unit it is understoodthat the company has reported an increase in the amount of equity as during the year 2016 thecontributed equity reported stood $2269.6 while in the subsequent year of 2017 thecontributed equity increased marginally to $2276.3 (Charterhall.com.au 2018). The ultimateobjective of the increase in the contributed equity is to raise billion dollars in the form ofequity. One of the method through which Charter Hall Retail Reit Unit issues shares iscomputes the issued capital to merely multiply the total amount of shares that is outstandingby the sum of overall number of shares. As reported by the Charter Hall Retail Reit Unit thetotal number of units of equity that was issued stood 405,777,734 which accounted $2,736.3million dollar. The transaction with the unit holders were in the capacity of the unit holders whichcomprised of the contribution made in the equity, cancellation of units and distribution that ispaid or payable. Another item that is listed under the heads of the equity is the Reserve.Reserve is regarded as the earmarked funds that is used for the specific purpose that isintended by the company to use during future course of time. As evident from the annualreport of Charter Hall Retail Reit Unit it is noted that the reserve has increase significantly.

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