Accounting Issues Faced by ANZ Bank: A Comprehensive Analysis

Accounting
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Accounting 1
Executive summary
In the present era, there is a rise in the use and complexity of accounting computation which is
evident with the issues that are faced by the company like ANZ in the market. The aim of the
report is to talk about the different theories and concept that are applied to ANZ with the
identification of the major issues faced by the company related to the accounting. These issues
are explained with their impact on the accounting practice of the company. Though the company
is working to improve the same and the recommendation has been given to bring the
improvement in the accounting system of ANZ.

Accounting 2
Contents
Introduction......................................................................................................................................3
Background of the company............................................................................................................3
Corporate social responsibility........................................................................................................4
ANZ Bank liable for corporate social responsibility...................................................................4
Corporate social responsibility issues affect accounting.............................................................5
Ethical and legal issues....................................................................................................................6
Technological issues........................................................................................................................7
Employee benefit issue....................................................................................................................8
Financial cost issues........................................................................................................................8
Recommendations..........................................................................................................................10
Conclusion.....................................................................................................................................11
References......................................................................................................................................12

Accounting 3
Introduction
The objective of the report is to define and analyse the latest accounting models and accounting
theories, and evaluating the manner in which these models and theories are implemented to an
allotted condition. The conditions, which have argued over here is main issues related to
accounting that are faced by a chosen organisation. ANZ Company is selected for a better
assessment of the accounting issues. The report mainly focuses on the issues such as issues of
corporate social responsibility (CSR), technical issues, moral issues, conservational issues, issues
related to benefits of employees and other issues, which can influence the accounting of an
organisation. This report states the issues with the effects on the corporation. At last, the
recommendations to an organisation regarding the accounting issues are addressed that may
assist the organisation to perform the accounting in a proper way.
Background of the company
ANZ bank is one of the top biggest banks in the world. The business of ANZ bank works for in
excess of five Million clients. The company has 247 billion dollars. The company hires in excess
of 28000 persons and are presented in the key marketplaces of New Zealand and Australia. ANZ
bank also expands business in Asia, the United Kingdom, and the USA. The company makes
efforts to attain and continue the high norms of corporate governance and the disclosures (ANZ,
2018). ANZ bank helps in creating the bright future of the stakeholders, team, clients, and other
groups. Further, this report contains the main accounting issues that are faced by an organisation.