Review of Financial Reporting Disclosures on Property, Plant and Equipment (PPE) in the Australian Corporate Sector

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BUSINESS RESEARCH REPORT
On
The review of financial Reporting Disclosures on Property, Plant and Equipment (PPE) in the
Australian Corporate Sector
Prepared by
Name:
Student Number:
Lecturer’s Name:
Day:
Time:
IPH Limited
(Financial year ended on 30th June, 2017)

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Executive Summary
This report is intended to provide a reasonable assurance to the Board of Directors of IPH
Limited based on an overall analysis and evaluation of the quality of reporting requirements
relating to the valuation, disclosure and treatment of the Property, Plant and Equipment (PPE) in
the Annual report of the Company for the financial year ending 30th June, 2017 that has been
found in compliance with the requirements prescribed by the AASB 116. The report provides the
critical analysis of the complexities and key issues involved in accounting for PPE, a detailed
explanation of the PPE disclosures made by the Company in the year ending 30th June, 2017, the
extent to which the disclosure requirements of accounting for PPE as per AASB 116 and align
with the objective of general purpose financial reporting together with the recommendation for
the further scope of improvement.

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TABLE OF CONTENTS
Introduction..............................................................................................................................4
Key Issues.................................................................................................................................4
Complexities and key issues involved in the accounting for PPE.....................................................................4
Detailed explanation of the PPE disclosures.............................................................................................................5
Compliance of the PPE disclosures with the AASB116.........................................................................................6
Analysis and observation................................................................................................................................................... 7
Conclusion................................................................................................................................8
References.................................................................................................................................9