This report provides an analysis of accounting theory and issues within Boral Limited's financial reporting practices. The study focuses on interpreting prevailing accounting standards and identifying issues related to General Purpose Financial Reporting (GPFR). Key areas of discussion include accounts receivable, provision for bad debt, asset valuation, leasing contingencies, and taxation. The findings reveal that Boral Limited evaluates accounts receivable using the fair value method, recognizes leases based on AASB 16 standards, and faces challenges related to bad debt estimation and valuation methods. The report also highlights risks associated with credit, foreign currency, and taxation, offering insights into the company's financial health and reporting practices. Recommendations are provided to improve the accounting practices of Boral Limited.