Accounting Report: Models, Theories, and Issues Analysis of ANZ

This report provides an analysis of ANZ Company's accounting practices, focusing on various accounting models and theories. It identifies key issues, including corporate social responsibility (CSR) concerns that may impact dividend payouts, ethical and legal challenges related to employee incentives, and technological issues affecting ANZ's online services. The report also addresses employee benefit computation and financial cost reduction efforts within the company. References to external sources, such as the Australian Financial Review and IT News, support the findings related to cost-cutting measures and technological glitches experienced by ANZ. Desklib offers a platform for students to access this and other solved assignments.

Accounting
ANZ Company

Introduction
O The objective of report is to define
and analyse the latest accounting
models and accounting theories.
O ANZ Company is selected for the
better assessment of the accounting
issues which include CSR, technical
issues, moral issues, conservational
issues, issues related to benefits of
employees and other issues.

Corporate social
responsibility
O The issue related to corporate social
responsibility may influence the
dividend amount, which an
organisation requires to make
payment to the stakeholders of an
organisation.

Ethical and legal issues
O Australia and New Zealand Banking
group faces various legal issues
ethical issues, which influence the
accounting of an entity.
O The investigation has showed
systematic issues in the
arrangement of incentives, which are
used to reward the employees.

Technological issues
O ANZ Company makes use of the technology
for offering the services and for accounting
operations through Internet.
O t was found that ANZ’s company found the
wave of the tech problem.
O This leads to the impact on the ANZ’s
internet banking, goMoney, Grow app and
other ANZ app.

Employee benefit issue
O Employee benefit computation is one
of the major issues which are faced
by ANZ Company.
O Employee benefit computation is one
of the major issues which are faced
by ANZ Company.

Financial cost issues
O Australian Financial review found
that up to six staff dealt with the
chop at CA ANZ as CEO Rick Ellis
who seeks to reduce the costs at an
organisation that has lost more than
$15 million in the last two financial
years.

References
O Tadros, E. (2018) Losses at Chartered
Accountants alarm education body [Online].
Available from:
https://www.afr.com/business/accounting/loss
es-at-chartered-accountants-alarm-education
-body-20180410-h0ykpe
[Accessed on 19th January 2019]
O Coyne, A. (2018) ANZ Bank glitch limits
transactions to $200 [Online]. Available from:
https://www.itnews.com.au/news/anz-bank-gl
itch-limits-transactions-to-200-487557
[Accessed on 19th January 2018]
O Hirschey, M. (2016) Managerial economics.
Cengage Learning.